Divestiture

[Sarah]

The act of stripping, or depriving; the state of beingdivested; the deprivation, or surrender, of possession of property,rights, etc.

[Cami]

The stripping off of one utility function from the others by selling (spinning-off) or in some other way changing the ownership of the assets related to that function. Stripping off is most commonly associated with spinning-off generation assets so they are no longer owned by the shareholders that own the transmission and distribution assets.

[Oralee]

The action or process of selling off subsidiary business interests or investments.