Discontinued — last reported Q4 '25

Business Segments · CWIP

Distribution — CWIP

FirstEnergy Distribution — CWIP increased by 10.4% to $682.00M in Q4 2025 compared to the prior quarter. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2023
Last reportedQ4 2025
Rolls up toConstruction work in progress

How to read this metric

An increase signals active investment in system modernization or expansion, which will eventually enter the rate base.

Detailed definition

Construction Work in Progress (CWIP) represents the costs of distribution infrastructure projects that are currently und...

Peer comparison

Standard utility metric for capital projects in development.

Metric ID: fe_segment_distribution_cwip

Historical Data

3 periods
 Q4 '23Q4 '24Q4 '25
Value$417.00M$618.00M$682.00M
QoQ Change—+48.2%+10.4%
YoY Change—+48.2%+10.4%
Range$417.00M – $682.00M
Avg YoY Growth+29.3%
Median YoY Growth+29.3%
Current Streak2+ quarters growth

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Frequently Asked Questions

What is FirstEnergy's distribution — cwip?
FirstEnergy (FE) reported distribution — cwip of $682.00M in Q4 2025.
What does distribution — cwip mean?
The value of utility infrastructure projects currently being built but not yet in service.