Pricing Supplement Dated November 19, 1998 Rule 424(b)(3)
(To Prospectus dated July 8, 1998 and File No. 333-58715
Prospectus Supplement dated October 23, 1998) CUSIP: 78411X AB2
SEMCO Energy, Inc.
Medium-Term Notes - Fixed Rate
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Principal Amount: $15,000,000 Interest Rate: 6.50%
Agents Discount or Stated Maturity Date:
Commission: $90,000 November 25, 2005
Net Proceeds to Issuer: $14,910,000 Original Issue Date:
November 24, 1998
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Interest Payment Dates: March 1 and September 1 in each year.
Redemption:
[X] The Notes cannot be redeemed prior to the Stated Maturity Date.
[ ] The Notes may be redeemed prior to the Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction: ____% until Redemption
Percentage is 100% of the principal amount.
Optional Repayment:
[X] The Notes cannot be repaid prior to the Stated Maturity Date.
[ ] The Notes can be repaid prior to the Stated Maturity Date at the option
of the holder of the Notes.
Option Repayment Dates:
Repayment Price: _____%
Currency:
Specified Currency: U.S. Dollars
Minimum Denominations: $1,000
Original Issue Discount: [ ] Yes [X] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: [X] Book-Entry [ ] Certificated
Agent: [X] Merrill Lynch & Co. ($12,000,000)
[X] Other - A.G. Edwards & Sons, Inc. ($3,000,000)
Agent acting in the capacity as indicated below:
[X] Agent [ ] Principal
If as principal:
[ ] The Notes are being offered at varying prices related to prevailing
market prices at the time of resale.
[ ] The Notes are being offered at a fixed initial public offering
price of ____% of principal amount.
If as Agent:
The Notes are being offered at a fixed initial public offering price of
100% of Principal Amount.
Other Provisions:
