TSX: EMA
HALIFAX
,
Jan. 8
/CNW/ - On
January 8, 2010
the Board of Directors of Emera Inc. approved a quarterly dividend of $0.2725 per common share. The dividend is payable on and after
February 15, 2010
to common shareholders of record at the close of business on
February 1, 2010
.
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.
About Emera
Emera Inc. (EMA-TSX) is an energy and services company with
$5.3 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 owns the Brunswick Pipeline, a 145 km gas pipeline in
New Brunswick
; Bayside Power, a 260 MW gas-fired power plant in Saint John,
New Brunswick
; Emera Energy Services, a physical natural gas and power marketing and asset management business; 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 8.2% interest in Open Hydro. 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, Senior Director Stakeholder Relations, (902) 428-6347
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