Takeaways by Bloomberg AI
- Alphabet Inc. is in the municipal bond market with a $1.5 billion prepaid energy deal, to be issued by the California Community Choice Financing Authority.
- The deal allows Central Coast Community Energy to secure a discounted supply of electricity, with Alphabet receiving proceeds of the bond sale upfront in exchange for making periodic payments.
- Alphabet is the first technology company to publicly participate in prepaid deals as a funding recipient, with the sector seeing about $36.5 billion in issuance so far this year.
Bloomberg Technology
By Erin Hudson
November 3, 2026