Nova Scotia Power Inc. approves preferred share quarterly dividends



    
    TSX: NSI.PR.C
         NSI.PR.D
    

    HALIFAX, Nov. 1 /CNW/ - The Board of Directors of Nova Scotia Power Inc.
approved a quarterly dividend of $0.30625 per Nova Scotia Power Incorporated
Series C First Preferred Share for the quarter ending December 31, 2007,
payable on and after January 1, 2008 to Series C preferred shareholders of
record December 18, 2007; and a quarterly dividend of $0.36875 per Nova Scotia
Power Incorporated Series D First Preferred Share for the quarter ending
December 31, 2007 payable on and after January 15, 2008 to Series D preferred
shareholders of record December 31, 2007.
    Pursuant to the Income Tax Act (Canada) and corresponding provincial
legislation, Nova Scotia Power Inc. hereby notifies its Series C preferred
shareholders and its Series D preferred shareholders that such dividends
declared qualify as eligible dividends.

    Nova Scotia Power Inc. is a wholly-owned subsidiary of Emera (TSX-EMA), a
diversified regional energy company. Nova Scotia Power provides more than 97%
of electric generation, transmission, and distribution to more than 460,000
customers across Nova Scotia. NSPI is committed to supporting Nova Scotian
communities by providing safe, reliable power. Nova Scotia Power Inc.
preferred shares are traded on the Toronto Stock Exchange under the symbols
NSI.PR.C and NSI.PR.D.




For further information:

For further information: Nancy Tower, Chief Financial Officer, (902)
428-6991; Jennifer Nicholson, Director, Investor Relations and Corporate
Strategy, (902) 428-6347

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Nova Scotia Power Inc.

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