PORT HURON, Mich., JULY 18 /PRNewswire-FirstCall/ -- SEMCO ENERGY, Inc.
(NYSE: SEN) today announced that the Company's Board of Directors has declared
a regular quarterly dividend payable on the Company's 5% Series B Convertible
Cumulative Preferred Stock. The dividend is payable on August 15, 2007, at a
rate of $2.50 per share, to holders of the preferred stock of record on August
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.
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: Media, Timothy Lubbers, Director of Marketing & Corporate
Communications, 810-887-4208, or Analysts, Thomas Connelly,
Director of Investor Relations, 248-458-6163, both of SEMCO ENERGY, Inc.