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Dive Brief: California regulators have drafted a proposal that, if approved, would initiate an enhanced oversight and enforcement process against Pacific Gas & Electric (PG&E) due to problems with the utility s wildfire prevention work last year. The process, which was adopted as a condition of PG&E s bankruptcy exit, is based on six steps triggered by certain events and could potentially lead to the commission reviewing  and possibly revoking  PG&E s operational certification down the road, although regulators have noted that it hopefully will never reach that point. PG&E Corp CEO Patricia Patti Poppe addressed the possibility of this oversight process during the company s earnings call Thursday morning, before the proposal was released. [F]rankly, we welcome it  I don t see that as a bad thing, she said, adding that PG&E has confidence in its wildfire mitigation plan.

United statesAnthony earley jrLynsey pauloMarybel batjerPitre mccarthyJason wellsPatricia patti poppeMark molumphyPge corpCalifornia public utilities commissionDive briefPacific gasPresident marybel batjerGeisha williamsChief financial officerSenior vice president jason