The Camp Fire rages through Paradise, Calif. , on Nov. 8, 2018. (AP file photo/Noah Berger) SAN FRANCISCO (CN) — California regulators on Thursday placed beleaguered utility Pacific Gas and Electric in the first stage of an enhanced oversight process that could lead to the state’s largest provider of power and natural gas losing its license to operate in California. The California Public Utilities Commission unanimously approved a resolution to move PG&E into the first stage of a six-step enhanced oversight process, citing its failure to prioritize wildfire prevention work in areas that posed the greatest risk of fire last year.