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The group has not decided how it will spin off the units but it expects the separation will be largely completed by the end of 2018.
Spinning off the units is supposed to be a transparent process, with independent appraisals of the properties for sale and competitive tenders.
Scottish and Southern is expected to sell off the units outside Britain and will control nearly 20percentt of the British electricity market when the deal closes.
Lucent Technologies rose sharply on the New York Stock Exchange after announcing plans to spin off the units that sell corporate phone systems and make wire cabling for office networks.
Confronted with a threat by creditors to declare the company bankrupt, Hynix directors endorsed a proposal to break off the units that make products other than memory chips and sell them separately from the rest of the company.
Schuster wasn't shy to say that there will definitely be competition going forward, and now the company's next step is to show off the units at the New York Toy Fair to get things started.
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NCR spun off the unit in October 2007.
Entergy will first spin off the unit to its shareholders.
Instead, it may spin off the unit to its existing shareholders.
Still, people close to G.M. stress that they could decide to simply spin off the unit.
Mr. Snyder, the analyst, questioned whether it was wise to spin off the unit given the continuing losses.
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