HALIFAX, April 3 /CNW/ - On April 3, 2009 the Board of Directors of Emera
Inc. approved a quarterly dividend of $0.2525 per common share. The dividend
is payable on and after May 15, 2009 to common shareholders of record at the
close of business on May 1, 2009.
Pursuant to the Income Tax Act (Canada) and corresponding provincial
legislation, Emera Inc. hereby notifies its common shareholders that such
dividend declared qualifies as an eligible dividend.
Emera Inc. (EMA-TSX) is an energy and services company with $4.7 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 600,000 customers.
Emera also owns 19% of St. Lucia Electricity Services Limited, which serves
more than 50,000 customers on the Caribbean island of St. Lucia and 25% of
Grand Bahama Power Company which serves 19,000 customers on the Caribbean
island of Grand Bahama. In addition to its electric utility investments, Emera
has 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; a 7.4% interest in Open Hydro and Emera Energy
Services which manages energy assets on behalf of third parties. Visit Emera
on the web at www.emera.com.
For further information:
For further information: Nancy Tower, FCA, Chief Financial Officer,
(902) 428-6991; Jennifer Nicholson, CA, Director Investor Relations and
Strategic Development, (902) 428-6347