Yes. Most of the US has privately operated with close regional oversight usually called a public utility commission for gas, electric, water, landline, and sort of for cable. It approves rate changes, assessments for big projects etc.

The system works very well overall, avoiding both extremes of full government and full private. My rates are reasonable and I've very rarely had outages of anything over decades.

Edit. Cable is the exception. They are a PUC approved monopoly or duopoly with intensely abusive customer experience, in most places.