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Nova Scotia Power Issues $200 Million In New Medium Term Notes

HALIFAX, Nova Scotia, August 25, 2003 (TSX:EMA): Today, Nova Scotia Power announced it issued $200 million of new Series S Medium Term Notes. The Series S notes bear interest at the rate of 6.95% and yield 7.076% per annum until August 25, 2033.

NSPI's agency group for this issue under its Medium Term Note Program is led by RBC Dominion Securities Inc. and includes CIBC World Markets Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., and TD Securities Inc.