PORT HURON, Mich., May 27 /PRNewswire-FirstCall/ -- SEMCO ENERGY, Inc.
(NYSE: SEN) today announced that it filed a resale shelf registration
statement on Form S-3 with the Securities and Exchange Commission (SEC) on
May 26, 2005, covering resales of up to 350,000 shares of its 5.00% Series B
Convertible Cumulative Preferred Stock (Preferred Stock) and the shares of
common stock issuable upon conversion of the preferred stock (Conversion
Shares). The Company will not receive any proceeds from any resale of
Preferred Stock or Conversion Shares.
The registration statement filed with the SEC has not yet become
effective. When the SEC declares the registration statement effective, the
selling securityholders identified therein may use the prospectus included in
the registration statement to resell their shares of Preferred Stock and
Conversion Shares. Any holder of Preferred Stock or Conversion Shares who
wishes to be identified as a selling securityholder in the registration
statement should promptly fill out and return the selling securityholder
questionnaire included in the offering memorandum distributed in connection
with the initial issuance of the Preferred Stock, in accordance with the
instructions found in the questionnaire.
A registration statement relating to these securities has been filed with
the SEC but has not yet become effective. These securities may not be sold
nor may offers to buy be accepted prior to the time the registration statement
becomes effective. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state.
When the Registration Statement becomes effective, a final written
prospectus meeting the requirements of Section 10 of the Securities Act of
1933 relating to these securities may be obtained by writing SEMCO Energy,
Inc., 1411 Third Street, Suite A, Port Huron, MI 48060; Attn: Corporate
Secretary, or by calling (810) 987-2200.
SEMCO ENERGY, Inc. distributes natural gas to more than 400,000 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.
Analysts Contact: Thomas Connelly, Director of Investor
Media Contact: Timothy Lubbers, Director of
Marketing & Corporate Communications, 1-810-887-4208
Both of SEMCO ENERGY,