Nova Scotia Power Inc. approves preferred share quarterly dividends



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

    HALIFAX, July 11 /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 September 30, 2008,
payable on and after October 1, 2008 to Series C preferred shareholders of
record September 17, 2008; and a quarterly dividend of $0.36875 per
Nova Scotia Power Incorporated Series D First Preferred Share for the quarter
ending September 30, 2008 payable on and after October 15, 2008 to Series D
preferred shareholders of record October 1, 2008.
    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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