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.
Floyd is a town in Floyd County, Virginia, United States. The population was 432 at the 2000 census. It is the county seat of Floyd County. The Town of Floyd was originally named Jacksonville as the surrounding county was formed during the tenure of President Andrew Jackson. The name was subsequently changed to Floyd.