What are public utilities?
Public utilities are businesses that provide essential services that are required for the public good. In Arkansas, public utilities are regulated by the Arkansas Public Service Commission and are required to follow specific rules and regulations. These businesses provide essential services such as electricity, natural gas, water, sewer services, phone services, cable television, and other commodities and/or services that are essential for the public. Public utilities are unique in that they are granted special rights, such as exclusive use of some public roads and waterways, as well as immunity from certain laws. Public utilities also have a unique regulatory structure that is designed to keep prices stable and protect the public from large rate increases. Public utilities provide a vital service and are essential to the functioning of our modern society. Without these services, modern life as we know it would not be possible. As such, public utilities are heavily regulated by the government, both through the Arkansas Public Service Commission and through the federal government, to ensure that they operate in a safe and efficient manner and that they charge prices that are fair and reasonable to ratepayers.
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