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Due to the current state of the American economy the federal government and many states are seeking new and innovative ways to cut their expenses and relieve some of the financial burdens placed upon them without shifting costs onto the general public One of the ways in which the government is trying to ease its financial burdens is by privatizing and deregulating of some of the public goods and services they provideThe goal behind this paper is to explore the difference between a private and public utility by comparing one against another in order to spot similarities and differences after all if one method exist why do we need the otherOrganizations can be classified in many different ways including as a Government-Owned Independent Corporation and a state-owned enterprise These organizations are created by Congress to undertake commercial activities on behalf of the government they are used in the case of natural monopolies that deal with the nations infrastructure such as transportation defense communication and the handling of the natural resources and some national services USAgovFirst one must understand the difference between a private and public organization A private organization is run by individuals CEOs and shareholders The company makes and follows its own rules and procedures They are financed with loans from banks and money from its executives investors shareholders andor corporate bonds and the risks they take affect only the company and those within the company On the other hand a public organization is run by the public officials in the government who nominate the organizations leaders and place them to a vote by other public officials In addition the law of the land regulates public organizations and they answer to the public They are also funded by the public treasury The main difference between running public and private organizations is whom they answer to A publically owned utility answers to the people by means of a government officials nomination appointment by Congress or
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