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Electric utility: A corporation, person, agency, authority, or other legal entity or instrumentality aligned with distribution facilities for delivery of electric energy for use primarily by the public. Included are investor-owned electric utilities, municipal and State utilities, Federal electric utilities, and rural electric cooperatives. A few entities that are tariff based and corporately aligned with companies that own distribution facilities are also included.
Electric utility company: See Electric utility.
Electric utility divestiture: The separation of one electric utility function from others through the selling of the management and ownership of the assets related to that function. It is most commonly associated with selling generation assets so they are no longer owned or controlled by the shareholders that own the company's transmission and distribution assets.
Electric utility generator: A generator that is owned by an electric utility, (see definition of electric utility) or a jointly owned generator with the greatest share of the generator being electric utility owned. Note: If two or more owners have equal shares of ownership in a generator, it is considered to be an electric utility generator if any one of the owners meets the definition of electric utility.
Electric utility restructuring: The introduction of competition into at least the generation phase of electricity production, with a corresponding decrease in regulatory control.
Electric utility sector: The electric utility sector consists of privately and publicly owned establishments that generate, transmit, distribute, or sell electricity primarily for use by the public and that meet the definition of an electric utility. Non utility power producers are not included in the electric sector.