Photo: Justin Sullivan/Getty Images

California’s largest utility PG&E filed for Chapter 11 bankruptcy protection Tuesday, expecting to face liability costs from its potential role in deadly wildfires across the state. The filing marks a significant milestone for corporations being forced to reckon with the consequences of climate change.

The backdrop: The company said it planned to file for bankruptcy protection earlier this month. Over the last few weeks, it maintained that the filing was necessary despite being cleared of fault for the 2017 Tubbs wildfire, which would lower potential liability costs. It also faced threats of a proxy battle from major shareholder BlueMountain Capital Management and a $4 billion proposal from a consortium of investors to help the company remain solvent. PG&E asked the court for access to the $5 billion debtor-in-possession financing to keep up services throughout the bankruptcy process.

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Illustration: Aïda Amer/Axios

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Updated 3 hours ago - Politics & Policy

U.S. officials: Iran and Russia aim to interfere in election

Iran and Russia have obtained voter registration information that can be used to undermine confidence in the U.S. election system, Director of National Intelligence John Ratcliffe announced at a press conference Wednesday evening.

Why it matters: The revelation comes roughly two weeks before Election Day. Ratcliffe said Iran has sent threatening emails to Democratic voters this week in states across the U.S. and spread videos claiming that people can vote more than once.

Updated 5 hours ago - Politics & Policy

Supreme Court blocks Alabama curbside voting measure

Photo: Mark Wilson/Getty Images

The Supreme Court on Wednesday evening blocked a lower court order that would have allowed voters to cast ballots curbside at Alabama polling places on Election Day.

Whit it matters: With less than two weeks until Election Day, the justices voted 5-3 to reinstate the curbside voting ban and overturn a lower court judge's ruling designed to protect people with disabilities during the coronavirus pandemic.