PORT HURON, Mich., May 17 /PRNewswire-FirstCall/ -- SEMCO ENERGY, Inc.
(NYSE: SEN) today announced that a special meeting of shareholders will be
held on Thursday, June 7, 2007, at 1:30 p.m., E.D.T., at the Westin Detroit
Metropolitan Airport, 2501 Worldgateway Place, Detroit, MI. At the meeting,
holders of the Company's Common Stock will vote on the previously announced
Agreement and Plan of Share Exchange providing for the acquisition of the
common and preferred shares of the Company by a subsidiary of Cap Rock Holding
Corporation. Holders of record of SEMCO ENERGY's Common Stock as of April 26,
2007, will be entitled to vote at the special meeting.
Detailed information about the special meeting and the proposed sale of
the Company pursuant to the Agreement and Plan of Share Exchange is included
in SEMCO ENERGY's definitive proxy materials for the meeting on file with the
Securities and Exchange Commission (SEC). The proxy materials are currently
being mailed to shareholders. Shareholders are encouraged to review these
materials, including the Agreement and Plan of Share Exchange and other
attachments thereto, carefully and in their entirety. Copies of these
materials can also be obtained from the SEC website, www.sec.gov, and from the
SEMCO ENERGY web site, www.semcoenergy.com.
SEMCO ENERGY, Inc. distributes natural gas to more than 400,000 customers
combined in Michigan, as SEMCO ENERGY GAS COMPANY, and in Alaska, as ENSTAR
Natural Gas Company. It also owns and operates businesses involved in propane
distribution, intrastate pipelines and natural gas storage in various regions
of the United States.
In connection with the proposed transaction with Cap Rock Holding
Corporation, a definitive proxy statement of SEMCO ENERGY and other materials
have been filed with the Securities and Exchange Commission (SEC). SEMCO
ENERGY recommends investors read the definitive proxy statement and other
materials, as well as any amendments or supplements to those documents,
carefully as they contain important information about SEMCO ENERGY and the
proposed transaction. The definitive proxy statement has been mailed to SEMCO
ENERGY's holders of record at the close of business on April 26, 2007.
Investors will be able to receive free copies of the proxy statement, when
available, as well as other filed documents containing information about SEMCO
ENERGY at www.sec.gov and from SEMCO ENERGY's website at www.semcoenergy.com.
SEMCO ENERGY and its directors and executive officers and other members of
management and employees may be deemed to be participants in the solicitation
of proxies from the shareholders of SEMCO ENERGY in connection with the
transaction. Information about the directors and executive officers of SEMCO
ENERGY and their ownership of SEMCO ENERGY Common Stock is set forth in the
Company's Form 10-K/A, dated April 30, 2007, as filed with the SEC.
Additional information regarding the interests of participants in the
solicitation of Proxies may be obtained by reading the proxy statement for the
The following is a "Safe-Harbor" statement under the Private Securities
Litigation Reform Act of 1995. This release contains forward-looking
statements that involve risks and uncertainties. Statements that are not
historic facts, including statements about the Company's outlook, beliefs,
plans, goals and expectations, are forward-looking statements. Factors that
may impact forward-looking statements include, but are not limited to, the
effects of weather, the economic climate, competition, commodity prices,
changing conditions in the capital markets, regulatory approval processes,
success in obtaining new business, success in defending claims against the
Company, inability to complete the acquisition of the Company by Cap Rock
Holding Corporation and other risks detailed from time to time in the
Company's Securities and Exchange Commission filings.
SOURCE: SEMCO ENERGY, Inc.
CONTACT: Analysts, Thomas Connelly, Director of Investor Relations,
+1-248-458-6163, or Media, Timothy Lubbers, Director of Marketing & Corporate
Communications, +1-810-887-4208, both of SEMCO ENERGY, Inc.
Web site: http://www.semcoenergy.com