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SEMCO ENERGY Files for Listing on the New York Stock Exchange

PORT HURON, Mich., Dec. 22 /PRNewswire/ -- SEMCO ENERGY, INC. (Nasdaq: SMGS) announced that the Company filed an application today for listing on the New York Stock Exchange (NYSE).

The Company expects to begin trading on the NYSE on Jan. 6, 2000, under the stock symbol SEN. Until that time, the Company will continue trading on the Nasdaq exchange under the symbol SMGS.

"A listing on the New York Stock Exchange will provide SEMCO ENERGY with increased financial market visibility as we continue on our expansion and diversification strategy," said William L. Johnson, Company Chairman and Chief Executive Officer. "The majority of our peers in the industry are listed on the NYSE. This is a key milestone for SEMCO ENERGY, reflective of our evolution into a diversified energy and infrastructure company with a national focus."

SEMCO ENERGY, Inc. owns and operates natural gas distribution systems serving a combined total of more than 350,000 customers in Michigan and Alaska. Its subsidiary, SEMCO ENERGY VENTURES, owns and operates businesses involved in gas engineering and quality assurance services, pipeline construction services, propane distribution, intrastate pipelines and natural gas storage in various regions of the United States.

The listing requirements of the New York Stock Exchange require that SEMCO ENERGY disclose that additional information is available upon which the New York Stock Exchange relied to list the Company, and is included in SEMCO ENERGY's listing application. Such information is available to the public upon request.
SOURCE SEMCO ENERGY, Inc.
CONTACT: Analysts: Edric Mason, Jr., 810-989-4104, fax, 810-989-4098, or Media: Francis Lieder, 810-987-2200, ext. 4186, fax, 810-989-4098, both of SEMCO ENERGY, Inc.

"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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