PORT HURON, Mich., Oct. 15 /PRNewswire/ -- SEMCO ENERGY GAS COMPANY today
announced that it will redeem all outstanding shares of its Series A, B, C, &
D Cumulative Preferred Stock on November 18, 1999.
The Company will pay shareholders $105.00 per share as well as accrued but
unpaid dividends to the Redemption Date. The redemption will be paid in cash.
Dividends on the Preferred Stock will cease to accrue and accumulate on
the Redemption Date.
Notices of Redemption will be mailed on Tuesday, October 19, to holders of
record of the preferred stock with instructions for redemption.
SEMCO ENERGY GAS COMPANY distributes natural gas to more than 250,000
residential, commercial, and industrial customers in Michigan. It is one of
two subsidiaries of SEMCO ENERGY, Inc. (Nasdaq: SMGS).
SEMCO ENERGY, INC. 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, Inc.
CONTACT: Media: Francis R. Lieder, Jr., 810-987-2200, ext. 4186, fax, 810-989-4098, or Analysts: Edric R. Mason, Jr., 810-989-4104, fax, 810-989-4098, both of SEMCO ENERGY, Inc.