Meaning of the word "power company" in English

What does "power company" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

power company

US /ˈpaʊər ˈkʌmpəni/
UK /ˈpaʊə ˈkʌmpəni/

Noun

a company that generates and supplies electricity to homes and businesses

Example:
Our local power company announced a rate increase.
The storm caused widespread outages, and the power company is working to restore electricity.