News
Michael Peevey’s tale of turmoil
It’s almost impossible these days to see the name Michael Peevey without the word “embattled” attached to it. Peevey stepped down last December after serving two six-year terms on the California Public Utilities Commission, almost all of them as PUC president. He has been subjected to withering public criticism up and down the state for fostering a too-cozy relationship between the PUC and the utility firms he was charged with regulating, most recently Pacific Gas & Electric. “Don’t shoot, I surrender,” Peevey wryly told the commission at its December meeting, a comment that drew laughs.