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SEMCO ENERGY, Inc. Completes the Sale of Its Houston Engineering Business

FARMINGTON HILLS, Mich., Nov. 5 /PRNewswire-FirstCall/ -- SEMCO ENERGY, Inc. (NYSE: SEN) today announced that it has closed the sale of its Houston-based NATCOMM Engineering, Inc. business to three individuals who are involved in a diversified petroleum engineering and operations management firm. The sale was effective November 1. Terms will not be disclosed, however, the result of the sale is expected to be in line with previously recorded amounts for discontinued operations.

In commenting about the sale, Marcus Jackson, Chairman, President and CEO of SEMCO ENERGY said, "In October 2001, SEMCO ENERGY announced it would, as part of the redirection of its business strategy, divest certain operations that could not be expected to grow or make a significant near-term contribution to earnings. The sale is consistent with that strategy."

SEMCO ENERGY, Inc. is a diversified energy and infrastructure company that distributes natural gas to more than 377,000 customers in Michigan and Alaska. It also owns and operates businesses involved in pipeline construction services, propane distribution, intrastate pipelines and natural gas storage in various regions of the United States. In addition, it provides information technology and outsourcing services, specializing in the mid-range computer market.

The following is a "Safe-Harbor" statement under the Private Securities Litigation Reform Act of 1995. This release contains forward-looking statements that involve risks and uncertainties. Statements that are not historic facts, including statements about the Company's outlook, beliefs, plans, goals and expectations, are forward-looking statements. Factors that may impact forward-looking statements include, but are not limited to, the effects of weather, the economic climate, competition, commodity prices, changing conditions in the capital markets, regulatory approval processes, success in obtaining new business and other risks detailed from time to time in the company's Securities and Exchange Commission filings.

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"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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