The Pacific Gas & Electric logo on a truck in Jan. 2019 in San Francisco, California. Photo: Justin Sullivan/Getty Images

Pacific Gas & Electric (PG&E) on Friday struck a deal, pledging to help wildfire victims and improve safety in order to emerge from bankruptcy, the New York Times reports.

Catch up quick: PG&E filed for Chapter 11 bankruptcy last January, facing an estimated $30 billion in claims over its potential role in deadly wildfires across the state, and in December agreed to a $13.5 billion settlement with California wildfire victims.

  • PG&E will not pay dividends to shareholders under the deal for three years, saving roughly $4 billion, according to calculations by the California governor’s office cited by the Times.
  • PG&E should be able to exit bankruptcy by June 30 under this deal.

What they're saying:

“Through California’s unprecedented intervention in the bankruptcy, we secured a totally transformed board and leadership structure for the company, real accountability tools to ensure safety and reliability and billions more in contributions from shareholders to ensure safety upgrades are achieved.”
— California Gov. Gavin Newsom

What's next, per the NYT: "A federal judge still needs to approve the company’s bankruptcy plan, but the agreement with Governor Newsom makes the approval much more likely."

Go deeper: PG&E bankruptcy judge sides with fire victims in liability challenge

Go deeper

Robert Mueller speaks out on Roger Stone commutation

Former Special Counsel Robert Mueller testifies before the House Permanent Select Committee on Intelligence on Capitol Hill on Wednesday July 24, 2019. Photo: The Washington Post / Contributor

Former special counsel Robert Mueller responded to claims from President Trump and his allies that Roger Stone was a "victim" in the Justice Department's investigation into Russian interference in the 2016 election, writing in a Washington Post op-ed published Saturday: "He remains a convicted felon, and rightly so."

Why it matters: The rare public comments by Mueller come on the heels of President Trump's move to commute the sentence of his longtime associate, who was sentenced in February to 40 months in prison for crimes stemming from the Russia investigation. The controversial decision brought an abrupt end to the possibility of Stone spending time behind bars.

Trump dons face mask during Walter Reed visit

Trump wearing a face mask in Walter Reed National Military Medical Center on July 11. Photo: Alex Edelman/AFP via Getty Images

President Trump wore a face mask during his Saturday visit to Walter Reed National Military Medical Center, according to AP.

Why it matters: This is the first known occasion the president has appeared publicly with a facial covering as recommended by health officials since the coronavirus pandemic began, AP writes.

Updated 6 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5:30 p.m. ET: 12,607,510 — Total deaths: 562,338 — Total recoveries — 6,948,863Map.
  2. U.S.: Total confirmed cases as of 5:30 p.m. ET: 3,228,884 — Total deaths: 134,600 — Total recoveries: 983,185 — Total tested: 38,919,421Map.
  3. Public health: Jimmy and Rosalynn Carter: "Please wear a mask to save lives" Fauci hasn't briefed Trump on the coronavirus pandemic in at least two months — We're losing the war on the coronavirus.
  4. Food: How the coronavirus pandemic boosted alternative meat.
  5. Sports: Charge of "money grab" by college football.
  6. World: India reimposes lockdowns as coronavirus cases soar.