PORT HURON, Mich., March 29 /PRNewswire-FirstCall/ -- SEMCO ENERGY, Inc.
(NYSE: SEN) today announced that the Michigan Public Service Commission (MPSC)
has approved a rate case settlement for its Michigan division, SEMCO ENERGY
The MPSC gave final approval on March 29 to the settlement, which is
expected to produce an additional $7.113 million in revenue in SEMCO ENERGY's
MPSC-regulated service area. These rate adjustments, effective March 30,
2005, do not affect SEMCO ENERGY's customers in Battle Creek, MI. Battle
Creek rates are regulated by the City Commission of Battle Creek. SEMCO
ENERGY filed it rate increase request with the MPSC in December 2004.
A typical residential customer will see an increase of $2.07 a month as a
result of the MPSC-approved rate increase, not including natural gas charges.
Natural gas charges fluctuate based on market prices and that cost is passed
along to customers.
"We appreciate the efforts of the MPSC staff and other parties in the case
to work with us to reach this agreement," said Eugene N. Dubay, Chief
Operating Officer of SEMCO ENERGY GAS COMPANY. "This settlement takes into
consideration the fact that the cost of doing business is increasing for SEMCO
ENERGY, just as it is for other companies, and that rate adjustments are
necessary to recover those costs."
For more detailed information regarding specific rate changes please visit
SEMCO ENERGY GAS COMPANY's web site: http://www.semcoenergygas.com
SEMCO ENERGY, Inc. distributes natural gas to more than 398,000 customers
combined in Michigan, as SEMCO ENERGY GAS COMPANY, and in Alaska, as ENSTAR
Natural Gas Company. It also owns and operates businesses involved in propane
distribution, intrastate pipelines and natural gas storage in various regions
of the United States.
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, success in defending claims against the
Company, and other risks detailed from time to time in the Company's
Securities and Exchange Commission filings.
SOURCE SEMCO ENERGY, Inc.
/CONTACT: Analysts Contact: Thomas Connelly, Director of Investor
Relations, +1-248-458-6163, or Media Contact: Timothy Lubbers, Director of
Marketing & Corporate Communications, +1-810-887-4208, both of SEMCO ENERGY,
/Web site: http://www.semcoenergy.com
CO: SEMCO ENERGY, Inc.; Michigan Public Service Commission
IN: OIL UTI
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8118 03/29/2005 16:30 EST http://www.prnewswire.com