- A private entity operating in a highly regulated industry is not a state actor.
- Just because a private entity operated in a highly regulated industry does not make it a state actor.
- Monopoly status neither makes a private entity a state actor.
- A private entity's activity must be one that is traditionally and exclusively reserved for the state.
- From this case: although a private utility company operated in a heavily regulated industry, it was not considered a state actor.
- Thus, it was able to terminate a customer's electricity without notice.