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Michigan Public Service Commission Approves SEMCO ENERGY's Gas Cost Recovery Plan

PORT HURON, Mich., Oct. 29 /PRNewswire-FirstCall/ -- The Michigan Public Service Commission (MPSC) today approved SEMCO ENERGY GAS COMPANY's 2003-04 Gas Cost Recovery Plan (GCR), authorizing the Company to charge up to $6.79 per thousand cubic feet (Mcf) through March 31, 2004. The new rate reflects the price SEMCO ENERGY must pay to purchase gas from suppliers. It does not generate a profit for the Company.

SEMCO ENERGY customers will see the increase in their November bills. A residential customer using 120 Mcf of natural gas annually will see natural gas costs increase by approximately $7.58 per month.

The new rate affects approximately 233,000 residential, commercial and industrial SEMCO ENERGY customers throughout Michigan. This rate change does not affect the 38,000 customers in Battle Creek, where a three-year rate freeze is in effect through March 2005.

SEMCO ENERGY GAS COMPANY is a division of SEMCO ENERGY, Inc. (NYSE: SEN). SEMCO ENERGY, Inc. is a diversified energy and infrastructure company that distributes natural gas to more than 385,000 customers in Michigan and Alaska. It also owns and operates business involved in natural gas 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.

SOURCE 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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