Nova Scotia Power Inc. issues $50 million of Medium Term Notes

    HALIFAX, Jan. 20 /CNW/ - Today, Nova Scotia Power Inc. completed the
issue of $50 million re-opened Series T Medium Term Notes. The re-opened
Series T Notes bear interest at the rate of 5.75% and yield 5.455% per annum
until October 1, 2013.
    Nova Scotia Power Inc.'s agency group for this issue under its Medium
Term Note Program is led by CIBC World Markets Inc., and includes RBC Dominion
Securities Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc. and TD Securities

    About Nova Scotia Power

    Nova Scotia Power Inc. is the largest wholly-owned subsidiary of Emera
Inc. (TSX-EMA), a diversified energy and services company. Nova Scotia Power
provides more than 95% of the generation, transmission and distribution of
electrical power to 478,000 customers in the province. The company is focused
on new technologies to enhance customer service and reliability, reduce
emissions and add renewable energy. Nova Scotia Power has 1,800 employees and
$3.2 billion in assets.

    Forward Looking Information

    This news release contains forward looking information. Actual future
results may differ materially. Additional financial and operational
information is filed electronically with various securities commissions in
Canada through the System for Electronic Document Analysis and Retrieval

For further information:

For further information: Nancy Tower, FCA, Chief Financial Officer,
Emera Inc., (902) 429-6991,; Jennifer Nicholson, CA,
Director, Investor Relations and Strategic Development, Emera Inc., (902)

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Nova Scotia Power Inc.

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