Xcel Energy's quarterly profit rises on AI-driven power demand

Core Insights - U.S. utility Xcel Energy reported a 22% increase in fourth-quarter profit, driven by higher electricity demand from data centers, which helped to offset rising expenses [1] Company Summary - Xcel Energy's fourth-quarter profit rose by 22%, indicating strong financial performance [1] - The increase in profit was primarily attributed to heightened demand for electricity from data centers [1] - Rising expenses were noted, but the demand from data centers effectively mitigated their impact on profitability [1]