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In brief

PUC hearing requested

Area legislators have sent a letter to the Pennsylvania Public Utility Commission asking for a public hearing in the Wilkes-Barre area on the rate hike requested by Pennsylvania American Water Co.

State reps. Phyllis Mundy, Karen Boback, Mike Carroll and Eddie Day Pashinski asked for the hearing so customers can learn more about and respond to the nearly 15-percent hike sought by the utility.

The PUC has not yet decided on whether to schedule hearings on the proposed rate hike.

Dow execs scrutinized

Federal regulators are investigating whether two former top executives at Dow Chemical Co. secretly tried to make the company a takeover target and the unusual trading in its stock that may have been linked to such maneuvers, according to a newspaper report Friday.

The Securities and Exchange Commission’s inquiry is in the preliminary stages, The New York Times said, quoting unnamed people briefed on the matter. Last month Dow fired the two executives, Romeo Kreinberg and J. Pedro Reinhard, saying they had unauthorized talks about a buyout of Dow.

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