CMS Energy posts higher first-quarter profit on robust power demand
(Reuters) -U.S. electric and gas utility CMS Energy on Thursday reported a rise in first-quarter profit, helped by higher power demand. The U.S. Energy Information Administration in February forecast power demand to hit record highs in 2025 and 2026, as utilities are seeing a surge in demand from AI data centers and increased domestic manufacturing. "We're also seeing expansion in other industries, including defense, aerospace, polysilicon, semiconductors and agriculture," CEO Garrick Rochow said in a conference call.