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Private-Credit Worry Sparks Slide in Booming Part of Muni Market

Apr 07, 2026 17:20 UTC

Transmission lines outside a Silicon Valley Power substation in Santa Clara, California, US, on Monday, Nov. 3, 2025.

  • Transmission lines outside a Silicon Valley Power substation in Santa Clara, California, US, on Monday, Nov
  • 3, 2025
  • Two of the world’s biggest data center developers have projects in Nvidia Corp

Transmission lines outside a Silicon Valley Power substation in Santa Clara, California, US, on Monday, Nov. 3, 2025. Two of the world’s biggest data center developers have projects in Nvidia Corp.’s hometown that may sit empty for years because the local utility isn’t ready to supply electricity. Photographer: Jason Henry/Bloomberg

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