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SEMCO ENERGY GAS COMPANY Declares Quarterly Cash Dividend on Preferred Stock

PORT HURON, Mich., March 10 /PRNewswire/ -- The Board of Directors of SEMCO ENERGY GAS COMPANY, a subsidiary of SEMCO ENERGY Inc. (Nasdaq: SMGS), has declared dividends on the outstanding stock of the Corporation as follows:

    Quarterly dividend No. 166 of $1.50 per share on the outstanding 6 percent
    Cumulative Preferred Stock, Series A;

    Quarterly dividend No. 146 of $1.375 per share on the outstanding 5-1/2
    percent Cumulative Preferred Stock, Series B;

    Quarterly dividend No. 137 of $1.375 per share on the outstanding 5-1/2
    percent Cumulative Preferred Stock, Series C; and

    Quarterly dividend No. 132 of $1.375 per share on the outstanding 5-1/2
    percent Cumulative Preferred Stock, Series D.

All such quarterly dividends are payable on the 1st day of April 1999, to Preferred stockholders of record at the close of business on March 19, 1999.

SEMCO ENERGY GAS COMPANY distributes regulated natural gas to approximately 250,000 customers in Michigan. SEMCO ENERGY Inc. also is the parent company of SEMCO ENERGY SERVICES, an unregulated marketer of natural gas and related services; and SEMCO ENERGY VENTURES, which operates and acquires companies involved in natural gas pipeline and distribution system construction, construction engineering, quality assurance services and propane operations.
SOURCE SEMCO ENERGY Inc.
CONTACT: Media, Francis R. Lieder, Jr., 810-987-2200, ext. 4186, or Analyst, Edric R. Mason, Jr., 810-989-4104, or fax 810-989-4098, both of SEMCO ENERGY

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding SEMCO Energy's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

 
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