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Emera Q3 Earnings Release Moved Up To November 2, 2001

HALIFAX, Nova Scotia, (TSE:EMA): Emera Inc. announced today that it would release its third quarter earnings results on Friday, November 2, 2001, a week earlier than the previously announced date of November 9. "We have been working at tightening our reporting schedule, and are ready to implement for Q3," said Ron Smith, Senior Vice-President and Chief Financial Officer of Emera.

Emera will also be holding a teleconference on November 2 at 2:00 pm Atlantic (1:00 pm Eastern, 10 am Pacific) to discuss the third quarter 2001 financial results. Analysts and other interested parties wanting to participate in the call should dial 1-888-391-0232 at least 10 minutes prior to the start of the call. No pass code is required. A replay of the teleconference will be available one hour after the call ends, until midnight on Monday, November 5, 2001 by dialing 1 -800-558-5253, Reservation # 19843277. The teleconference will also be Webcast live on the internet at www.Q1234.com, and archived and available for replay on that site.

About Emera Inc.

Emera Inc. (EMA-TSE) is a diversified energy and services company, with 550,000 customers and $3.5 billion in assets. The company has two wholly-owned operating subsidiaries, Nova Scotia Power Inc. and Bangor Hydro-Electric Company. Nova Scotia Power, a regulated utility, supplies over 95% of the electric generation, transmission and distribution in Nova Scotia. Bangor Hydro, also regulated, provides electricity transmission and distribution service to 110,000 customers in eastern Maine. It is a member of the New England Power Pool, and is interconnected with the other New England utilities to the south and with New Brunswick Power to the north. Emera also delivers bunker oil, diesel fuel and light fuel oil through its unregulated subsidiaries; has a 12.5 per cent interest in the Maritimes & Northeast Pipeline, which delivers Sable natural gas to markets in Maritime Canada and the northeastern United States; and an 8.4% interest in the Sable Offshore Energy Project offshore platforms and sub-sea field gathering lines.