Governor Newsom signs historic package of bipartisan legislation saving billions on electric bills, stabilizing gas market and cutting pollution

What you need to know: The Governor joined legislative leaders and advocates and signed major legislation that promises to bring down electricity costs, stabilize the petroleum market and slash air pollution.

SAN FRANCISCO - Governor Gavin Newsom today signed sweeping bipartisan reforms to California's world-leading climate policy that promise to save Californians billions of dollars on energy costs. The Governor's action comes as the Trump administration continues its efforts to gut decades-old, bipartisan American clean air protections and derail critical climate progress.

Governor Newsom joined members of the Legislature, as well as hundreds of labor, business, climate and energy advocates, at the California Academy of Sciences in San Francisco where he signed the historic legislation. The package of legislation is expected to lower electricity costs for millions of Californians, stabilize gasoline supply, and continue the state's world-leading efforts to slash greenhouse gas emissions.

"I just signed into law the biggest electricity bill refunds in a decade - up to $60 billion to help bring down costs for California families. Millions of Californians will soon start saving billions on their energy costs, and the savings don't stop there - we're stabilizing the state's gasoline supply to avert severe price spikes at the pump and we're making it easier to build the abundant clean energy we need to keep bills lower. On top of all that, we're doubling down on our best tool to combat Trump's assaults on clean air - Cap-and-Invest - by making polluters pay for projects that support our most impacted communities."

Governor Gavin Newsom