What is PUBLIC-SERVICE CORPORATIONS?

Those whose operations serve the needs of the general public or conduce to the comfort and convenience of an entire community, such as railroads, gas, water, and electric light companies. The business of such companies is said to be “affected with a public Interest,” and for that reason they are subject to leg islative regulation and control to a greater extent than corporations not of this character.

More On This Topic



Link to This Definition
Did you find this definition of PUBLIC-SERVICE CORPORATIONS helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary