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Chris Huskilson to Succeed David Mann as Emera CEO

HALIFAX, Nova Scotia, April 29, 2004: The Board of Directors of Emera Inc. (TSX-EMA) today announced that Chris Huskilson will succeed David Mann as President and Chief Executive Officer of the company upon Mr. Mann's retirement in October of this year.

"I am proud and excited to be taking on this new role," said Mr. Huskilson. "I started my career with Nova Scotia Power almost 24 years ago, and I believe our business offers a great future, with significant opportunity for our shareholders, customers and employees. I have been fortunate to have David's guidance over the past several years, and we will be working together with our team to ensure a smooth transition."

Mr. Huskilson, 46, began his career with Nova Scotia Power in 1980 and has held a series of increasingly senior positions with the company including Superintendent of Hydro Production at the Mersey Hydro System; Senior Operations Planner at the Energy Control Centre; Plant Manager of both Lingan and Glace Bay Generating Stations; Vice President of Transmission & Distribution; and Executive Vice President of Operations. He was named Chief Operating Officer of Emera in July, 2003.

Mr. Huskilson is a member of the Association of Professional Engineers of Nova Scotia; the Canadian Electricity Association; CIGRE (International Council on Large Electric Systems); the Executive Committee of the Northeast Power Coordinating Council; and the Planning Committee of the North American Electric Reliability Council. In addition, he is Vice-chair of the Board of the Greater Halifax Partnership; a member of the Board of Governors of the Nova Scotia Community College; and serves on the Board of the Halifax Metropolitan Chamber of Commerce. He is Vice-Chairman of Bangor Hydro Electric Company. He holds a Bachelor of Science in Engineering and a Master of Science in Engineering from the University of New Brunswick.

Mr. Huskilson will also join the Board of Directors of Emera in November. Mr. Mann will continue to serve as a Director of Emera Inc., until the 2005 Annual General Meeting.

About Emera Inc.

Emera Inc. (EMA-TSX) is an energy and services company with 570,000 customers and $4.0 billion in assets. The core business of Emera is electricity and the company has two wholly-owned regulated electric utility subsidiaries, Nova Scotia Power Inc. and Bangor Hydro-Electric Company. Nova Scotia Power supplies over 95% of the electric generation, transmission and distribution in Nova Scotia. Bangor Hydro provides electricity transmission and distribution service to 107,000 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. In addition Emera owns a 12.9% interest in the Maritimes & Northeast Pipeline, which delivers Sable natural gas to markets in Maritime Canada and the northeastern United States; Emera Energy Services which manages energy assets on behalf of third parties and provides related services; and Emera Fuels, which distributes home heating oil and related products to customers in the Maritime provinces.