Gavin Newsom: “We're also sending up to $60 billion in utility rebates back…”

“A third of the total in just seven years. Proving that you can power one of the biggest economies in the world. Clean the air and fight climate change at the same time. We're also sending up to $60 billion in utility rebates back to Californians funded by our Cap and invest program. Not a tax on family. A fee on polluters. Distributed back money going directly to working families to lower the cost of their electricity bills. Climate policy and affordability policy.” (07:28–07:35)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.