Davis Replaces PUC Chief;
<h3>He ousts Loretta Lynch from president's post and names Michael Peevey, who some activists say is too close to the energy industry.</h3><p class="source">The Los Angeles Times</p>
<p>Gov. Gray Davis on Tuesday ousted Loretta M. Lynch as president of the state Public Utilities Commission and replaced her with Michael R. Peevey, an advocate of deregulation who once headed Southern California Edison.</p>
