PORT HURON, Mich., April 30 /PRNewswire-FirstCall/ -- SEMCO ENERGY, Inc.
(NYSE: SEN) today announced that it has filed with the U.S. Securities and
Exchange Commission Amendment No. 1 to its Annual Report on Form 10-K for the
fiscal year ended December 31, 2006. The Company amended its Form 10-K to
include the information set forth in Part III of the Form 10-K, including Item
10 (Directors, Executive Officers and Corporate Governance), Item 11
(Executive Compensation), Item 12 (Security Ownership of Certain Beneficial
Owners and Management and Related Stockholder Matters), Item 13 (Certain
Relationships and Related Transactions, and Director Independence) and Item 14
(Principal Accountant Fees and Services). This information is being provided
in the amendment to the Form 10-K since the Company's 2007 Annual Meeting of
Common Shareholders Meeting, previously scheduled for May 24, 2007, has been
postponed and will be rescheduled for a time and place later this year to be
determined by the Board of Directors of the Company.
The filing can be viewed at the Company's website, www.semcoenergy.com.
Upon request, shareholders may receive free of charge a printed copy of the
Company's Annual Report on Form 10-K/A (including complete audited financial
statements). Requests should be communicated to SEMCO ENERGY, Inc.,
Shareholder Services, 1411 Third Street, Suite A, Port Huron, MI 48060.
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.
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
outcome of the pending transaction to sell the Company, the effects of
weather, the economic climate, competition, rising commodity prices and
resulting increases in working capital requirements, changing conditions in
the capital markets, regulatory approval processes and rate recovery
mechanisms, gas procurement opportunities, compliance with covenants and
success in accomplishing financing objectives, maintaining an effective system
of internal controls, 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.
CONTACT: Analysts, Thomas Connelly, Director of Investor Relations
Media, Timothy Lubbers, Director of Marketing and
both of SEMCO ENERGY, Inc.
SOURCE SEMCO ENERGY, Inc.