The state's major investor-owned utilities are to have separated their generation and transmission into separate businesses by then.

The $2.4 billion deal is expected to create the largest investor-owned utility in the country.

The deal would create what the companies described as the largest investor-owned utility in the United States.

These groups may include investor-owned utilities, government agencies, or a combination of these.

The system was paid for by those customers through their monthly bills, the investor-owned utilities point out.

Many investor-owned utilities no longer generate power, but buy it on the wholesale market.

The sale of some plants is required by California law to reduce market power among the state's three investor-owned utilities.

The proposed merger of the two California companies would create the nation's largest investor-owned electrical utility.

And obviously they are looking for some kind of agreement that leaves the company whole as an investor-owned utility.

Energy must be sold directly to an investor-owned utility.