Emera approves quarterly dividend

    TSX: EMA

    HALIFAX, Oct. 5 /CNW/ - On October 5, 2007 the Board of Directors of
Emera Inc. approved a quarterly dividend to $0.2275 per common share. The
dividend is payable on and after November 15, 2007 to common shareholders of
record at the close of business on November 1, 2007.
    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 Inc.

    Emera Inc. (EMA-TSX) is an energy and services company with $4.0 billion
in assets. Energy 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 also
owns 19% of St. Lucia Electricity Services Limited, which serves more than
50,000 customers on the Caribbean island of St. Lucia. 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; 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; Jennifer Nicholson, Director Investor Relations and Strategy
Development, (902) 428-6347

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Emera Inc.

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