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
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
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.