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SEMCO ENERGY Announces Redemption of 10.25% Trust Preferred Securities

PORT HURON, Mich., Aug 15, 2005 /PRNewswire-FirstCall via COMTEX/ -- SEMCO ENERGY, Inc. (NYSE: SEN) announced today that all of the outstanding 10.25% Trust Preferred Securities of SEMCO Capital Trust I will be redeemed on September 14, 2005, at a redemption price of $25.00 per share, for a total principal payment of $30.0 million, plus accrued distributions through the redemption date. The proceeds from the sale of the recently issued 4,945,000 shares of the Company's common stock will be used to redeem the securities.

SEMCO ENERGY, Inc. distributes natural gas to more than 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 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, Inc.

http://www.prnewswire.com

"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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