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SEMCO ENERGY Gas Company Declares Quarterly Cash Dividend on Preferred Stock

PORT HURON, Mich., June 2 /PRNewswire/ -- The Board of Directors of SEMCO ENERGY GAS COMPANY (OTC Bulletin Board: SHMGO, SHMGP), a subsidiary of SEMCO ENERGY, Inc. (Nasdaq: SMGS), has declared dividends on the outstanding stock of the Corporation as follows:

Quarterly dividend No. 167 of $1.50 per share on the outstanding 6 percent Cumulative Preferred Stock, Series A;

Quarterly dividend No. 147 of $1.375 per share on the outstanding 5-1/2 percent Cumulative Preferred Stock, Series B;

Quarterly dividend No. 138 of $1.375 per share on the outstanding 5-1/2 percent Cumulative Preferred Stock, Series C; and

Quarterly dividend No. 133 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 July 1999, to Preferred stockholders of record at the close of business on June 18, 1999.

SEMCO ENERGY GAS COMPANY distributes regulated natural gas to more than 250,000 customers in Michigan. It is one of two subsidiaries of SEMCO ENERGY, Inc. The diversified energy services and infrastructure company also owns SEMCO ENERGY VENTURES, which acquires and operates companies involved in gas engineering and quality assurance services, pipeline construction services, propane distribution, intrastate pipelines and natural gas storage.
SOURCE SEMCO ENERGY GAS COMPANY
CONTACT: Media: Francis R. Lieder, Jr., 810-987-2200, ext. 4186, or fax, 810-989-4098, or Analysts: Edric R. Mason, Jr., 810-989-4104, or fax, 810-989-4098, both of SEMCO

"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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