HALIFAX, May 3 /CNW/ - On May 2, 2011 the Board of Directors of Nova
Scotia Power Inc. approved a quarterly dividend of $0.36875 per Nova
Scotia Power Incorporated Series D First Preferred Share for the
quarter ending June 30, 2011 payable on and after July 15, 2011 to
Series D preferred shareholders of record June 30, 2011.
Pursuant to the Income Tax Act (Canada) and corresponding provincial
legislation, Nova Scotia Power Inc. hereby notifies its Series D
preferred shareholders that such dividends declared qualify as eligible
About Nova Scotia Power
Nova Scotia Power Inc. is the largest wholly-owned subsidiary of Emera
Inc. (TSX-EMA and EMA.PR.A), a diversified energy and services company.
Nova Scotia Power provides more than 95% of generation, transmission,
and distribution of electrical power to 489,000 customers in the
province. The Company is focused on new technologies to enhance
customer service and reliability, reduce emissions and add renewable
energy. Nova Scotia Power has 1,900 employees and $4.0 billion in
assets. Nova Scotia Power Inc. preferred shares are traded on the
Toronto Stock Exchange under the symbol NSI.PR.D.
SOURCE NOVA SCOTIA POWER INC.
For further information:
Nancy Tower, Senior Vice-President and Chief Financial Officer (902) 428-6991 or Jill MacDonald, Manager Investor Relations (902) 428-6486.