HALIFAX, April 5 /CNW/ - On April 5, 2007 the Board of Directors of Emera
Inc. approved a quarterly dividend of $0.2225 per common share. The dividend
is payable on and after May 15, 2007 to common shareholders of record at the
close of business on May 1, 2007.
Pursuant to proposed subsection 89(14) of the Income Tax Act (Canada),
Emera Inc. hereby notifies its common shareholders that such dividend declared
qualifies as an eligible dividend.
About Emera Inc.
Emera Inc. (EMA-TSX) is an energy and services company with $4.0 billion
in assets. Electricity is Emera's core business. The company has two
wholly-owned regulated electric utility subsidiaries, Nova Scotia Power Inc.
and Bangor Hydro-Electric Company, which together serve 590,000 customers.
Emera's other investments include a joint venture interest in Bear Swamp, a
600 megawatt pumped storage hydro-electric facility in northern Massachusetts;
a 12.9% interest in the Maritimes & Northeast Pipeline; and Emera Energy
Services which manages energy assets on behalf of third parties and provides
related services. Visit Emera on the web at www.emera.com.
For further information:
For further information: Nancy Tower, Chief Financial Officer, (902)
428-6991; Judy Steele, CA, Director, External and Investor Relations, (902)