Controversial former CPUC president to be feted in San Francisco Thursday

Michael Peevey, the former head of the California Public Utilities Commission whose Southern California home was raided recently by state investigators, is being feted in San Francisco Thursday for "a lifetime of service to the people of California," according to the soiree's invitation. Cover story: Scandal-rocked utilities commission struggles with leadership challenge Peevey and the commission are under scrutiny as part of a probe into possible corruption at the regulatory agency. Utility giant…