wheeling n. 1. in the electricity industry, the transfer of power between utility companies, especially through the networks of one company on behalf of another. 2. the transfer of money between political organizations in order to skirt campaign funding laws. Editorial Note: The second sense appears to be specific to New Jersey. Etymological Note: Both senses are jargon versions of a more general meaning of wheeling ‘a turning aside or deviation.’ (source: Double-Tongued Dictionary)