PORT HURON, Mich., Aug. 3 /PRNewswire-FirstCall/ -- SEMCO ENERGY, Inc.
(NYSE: SEN) announced today that it will initiate an offering of 4.3 million
shares of common stock to the public under a currently effective shelf
registration statement. All of the shares are being sold by the Company. It
is currently anticipated that the underwriters will be granted an option to
purchase additional shares of the Company's common stock solely to cover any
Credit Suisse First Boston LLC will act as the lead manager for the
offering. Natexis Bleichroeder Inc. and A.G. Edwards will act as co-managers
for the offering.
A preliminary prospectus supplement relating to the offering will be filed
with the Securities and Exchange Commission but remains subject to completion.
Copies of the preliminary prospectus supplement and related prospectus may be
obtained by contacting Credit Suisse First Boston, Prospectus Department, One
Madison Avenue, New York, NY 10010-3629; (telephone: 212-325-2580).
This announcement is neither an offer to sell nor a 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. The offering
may be made only by means of a prospectus supplement and related prospectus.
SEMCO ENERGY, Inc. distributes natural gas to approximately 404,000
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 Treasury and
Investor Relations, 1-248-458-6163
Media Contact: Timothy Lubbers,
Director of Marketing and Corporate Communications, 1-810-887-4208
SEMCO ENERGY, Inc.
4972 08/03/2005 16:49 EDT http://www.prnewswire.com