Market Chatter: Alphabet Plans $1.5 Billion Prepaid Energy Deal Arranged by Goldman

11:50 AM EST, 11/03/2026 (MT Newswires) -- Alphabet (GOOG, GOOGL) was identified as the recipient on a bond offering to be issued by the California Community Choice Financing Authority related to a $1.5 billion prepaid energy deal, Bloomberg reported Tuesday, citing preliminary bond documents. Prepaid energy deals allow utilities to secure a discounted supply of electricity or gas, while the funding recipient receives proceeds from the bond sale upfront in exchange for making periodic payments over time to facilitate the delivery of energy to the utility, the report said. Goldman Sachs (GS) is arranging the offering, according to the report. Alphabet and Goldman Sachs didn't immediately reply to request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 277.59, Change: -0.45, Percent Change: -0.16