Public utilities provide electric, gas, water or telephone service to customers in a specified area. Utilities have a duty to provide safe and adequate service on reasonable terms to anyone who lives within the service area on without discriminating between customers. Because most utilities operate in near monopolistic conditions, they can be heavily regulated by local, state, and federal authorities. Generally, the local and state agencies are called Public Service Commissions (PSC) or Public Utility Commissions (PUC). Municipal Utilities and Rural Electric Cooperatives may be unregulated though.
Versailles is a city in Woodford County, Kentucky, United States and is located near Lexington. It is also part of the Lexington-Fayette Metropolitan Statistical Area. The population was 7,511 at the 2000 census. It is the county seat of Woodford County. The city's name is pronounced differently from the French city of the same name: /vərˈseɪlz/ "ver-sails".