| | Business Summary | | SEMCO
Energy,
Inc.
is
a
diversified
energy
and
infrastructure
services
company.
SEMCO
Energy,
Inc.
and
its
subsidiaries
operate
in
four
business
segments:
gas
distribution,
pipeline
construction
services,
engineering
services
and
propane,
pipelines
and
storage.
The
gas
distribution
business
distributes
and
transports
natural
gas
to
residential,
commercial
and
industrial
customers
and
is
the
Company's
largest
business
segment.
The
primary
service
of
the
Company's
construction
services
segment
is
the
installation
of
underground
natural
gas
mains
and
service
lines.
Engineering
Services
provides
engineering
design,
distribution
system
design,
construction
project
management,
field
surveys,
global
positioning
surveys,
inspection,
testing,
pipeline-mill
quality
assurance
and
full
turnkey
service.
The
Propane,
Pipelines
and
Storage
segment
consists
of
three
pipelines
and
a
gas
storage
facility,
and
supplies
approximately
five
million
gallons
of
propane
annually
to
retail
customers. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | SEMCO
Energy
is
a
diversified
energy
services
and
infrastructure
holding
company
headquartered
in
Michigan.
For
the
six
months
ended
6/30/01,
revenue
rose
17%
to
$240.9
million.
Net
income
applicable
to
Common
fell
36%
to
$5.7
million.
Revenues
reflect
increased
gas
sales
and
improved
Engineering
and
Construction
business.
Earnings
were
offset
by
decreased
gas
sales
margin
as
a
result
of
the
negative
impacts
of
warmer
weather
and
higher
gas
costs. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Johnson, 58
Chairman | $401K | Marcus Jackson, 49
Pres,
CEO, Director | -- | Sebastian Coppola, 49
CFO,
Sr. VP, Treasurer | 222K | Barrett Hatches, 45
Pres
of ENSTAR Natural Gas Co. | 374K | John Schneider, 52
Exec.
VP and COO, SEMCO ENERGY's Michigan Utility | 191K | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/s/sen.gif)