Public Utility Obligation
/ˈpʌblɪk juːˈtɪləti ˌɒblɪˈɡeɪʃən/
Definitions
- (n.) A legal or regulatory duty imposed on a public utility to provide certain services to the public to ensure accessibility, affordability, and continuity.
The electric company has a public utility obligation to supply power to all residents in the area, regardless of profitability.
Forms
- public utility obligation
- public utility obligations
Related terms
See also
Commentary
This term typically arises in regulated industries where utilities are granted monopolies but must fulfill mandated service duties to the public, balancing commercial interests and public welfare.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.