Sam Badawi(@Sam_Badawi):Alphabet $GOOGL is taking part in a $1.5B prepaid electricity deal in California, its second this year, with Goldman Sachs $GS arranging tax-exempt bonds that will fund discounted power for Central Coast Community Energy. Alphabet is the first technology company to take that funding role, while Meta has gone a different route, signing a 20-year deal for about 2,600 MW of nuclear power from Vistra $VST. With prepaid energy issuance at a record $36.5B this year, power is becoming a financing story as much as a supply story, which keeps Constellation Energy $CEG, Cameco $CCJ and Forgent Power Solutions $FPS in focus as AI power demand grows.

2026.11.03 20:10

Alphabet $GOOGL is taking part in a $1.5B prepaid electricity deal in California, its second this year, with Goldman Sachs $GS arranging tax-exempt bonds that will fund discounted power for Central Coast Community Energy. Alphabet is the first technology company to take that funding role, while Meta has gone a different route, signing a 20-year deal for about 2,600 MW of nuclear power from Vistra $VST. With prepaid energy issuance at a record $36.5B this year, power is becoming a financing story as much as a supply story, which keeps Constellation Energy $CEG, Cameco $CCJ and Forgent Power Solutions $FPS in focus as AI power demand grows.