All business activities depend on the services of public utilities oil companies, and other power sources. Although natural gas, electricity, gasoline, and other water supplies are taken for granted in our business world today, other power sources are also used. In recent years, atomic energy plants have begun to generate electricity for business, though oil-burning generators are still more common. In the western United States, Hydroelectric dams are prominent. Because of competition, most companies that supply power services have become privately owned but regulated public utilities. (The oil industry remains a notable exception, privately providing gasoline, heating oils, and oil products to businesses and homes.) Some utility companies are owned and operated by governmental units, a situation which may feel provides a measure of the efficiency found in privately owned utilities. A well-known example is the Tennessee Valley Authority, a system of federal dams that generates electricity and provides other by-products for a larger section of the southeastern United States.
Today's business world could not operate without the services of utility companies. These industries represent investments difficult to grasp. They employ thousands of people and generally have a good record of service to business as well to homes. Besides powering our manufacturing plants and fueling the distribution of products, the utilities make many other aspects of business possible, including the essential one of communications, another key segment of business.
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