2006 News Releases

Emera Reports Third Quarter Earnings of $19.5 Million – November 3, 2006
HALIFAX, Nova Scotia, November 3, 2006, (TSX - EMA): Emera Inc.’s consolidated net earnings were $19.5 million in Q3 2006 compared to $15.9 million in Q3 2005. Emera’s earnings per share were $0.18 in Q3 2006 compared to $0.14 in Q3 2005.
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Emera Approves Quarterly Dividend – October 6, 2006
HALIFAX, Nova Scotia, October 6, 2006, (TSX - EMA): The Board of Directors of Emera Inc. approved a quarterly dividend of $0.2225 per common share. The dividend is payable on and after November 15, 2006 to common shareholders of record at the close of business on November 1, 2006.
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Nova Scotia Power Inc. Approves Preferred Share Quarterly Dividends – October 6, 2006
HALIFAX, Nova Scotia, October 6, 2006, (TSX - EMA): The Board of Directors of Nova Scotia Power Inc. approved a quarterly dividend of $0.30625 per Nova Scotia Power Incorporated Series C First Preferred Share for the quarter ending December 31, 2006, payable on and after January 1, 2007 to Series C preferred shareholders of record December 18, 2006; and a quarterly dividend of $0.36875 per Nova Scotia Power Incorporated Series D First Preferred Share for the quarter ending December 31, 2006 payable on and after January 15, 2007 to Series D preferred shareholders of record December 29, 2006.
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Emera Approves Quarterly Divdend – July 7, 2006
HALIFAX, Nova Scotia, July 7, 2006, (EMA-TSX): The Board of Directors of Emera Inc. approved a quarterly dividend of $0.2225 per common share. The dividend is payable on and after August 15, 2006 to common shareholders of record at the close of business on August 1, 2006.
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Nova Scotia Power Inc. Approves Preferred Share Quarterly Dividends – July 7, 2006
HALIFAX, Nova Scotia, July 7, 2006, (EMA-TSX): The Board of Directors of Nova Scotia Power Inc. approved a quarterly dividend of $0.30625 per Nova Scotia Power Incorporated Series C First Preferred Share for the quarter ending September 30, 2006, payable on and after October 1, 2006 to Series C preferred shareholders of record September 15, 2006; and a quarterly dividend of $0.36875 per Nova Scotia Power Incorporated Series D First Preferred Share for the quarter ending September 30, 2006 payable on and after October 15, 2006 to Series D preferred shareholders of record September 29, 2006.
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Emera to Invest in Proposed Brunswick Pipeline – May 16, 2006
HALIFAX, Nova Scotia, May 16, 2006, (EMA-TSX): Emera Inc. will invest approximately $350 million, for full ownership of a proposed pipeline which will deliver natural gas from the planned Canaport TM Liquified Natural Gas (LNG) import terminal near Saint John, New Brunswick to markets in Canada and the US Northeast.
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Emera Earns $43.6 Million in Q1 2006 – May 9, 2006
Cash Flow Improves Substantially
HALIFAX, Nova Scotia, May 9, 2006, (EMA-TSX): Emera Inc.’s consolidated net earnings were $43.6 million in Q1 2006, compared to $48.3 million for the same period in 2005. Net cash provided by operating activities improved substantially, to $69.1 million in Q1 2006, compared to $18.0 million in the first quarter of 2005. Earnings per share were $0.40, compared to $0.44 in 2005.
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Nova Scotia Power Receives 2006 Rate Decision – March 10, 2006
HALIFAX – The Nova Scotia Utility and Review Board (UARB) has released its decision on Nova Scotia Power Inc.'s (NSPI) Rate Application for 2006.
“A rate increase is never good news for our customers,” said Chris Huskilson, Nova Scotia Power’s President and Chief Executive Officer. “However, higher worldwide energy prices are driving higher costs on all products, from the price of gas at the pump to what we pay to heat our homes.” 
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Fuel Costs Reduce Emera 2005 Earnings – February 20, 2006
HALIFAX, Nova Scotia, February 20, 2006, (EMA-TSX): Emera Inc.’s consolidated net earnings were $121.2 million for the year ended December 31, 2005, down from $129.8 million in 2004.
The decrease in annual earnings reflects lower earnings at Emera’s largest subsidiary, Nova Scotia Power Inc. (NSPI), which earned $91.2 million in 2005, compared to $107.3 million in 2004. NSPI’s fuel costs were approximately $71 million, or 23% higher year over year, due to higher coal and oil prices. The related earnings impact was only partially offset by an approximately 5% electricity rate increase implemented in the spring of 2005, and the deferral of first quarter corporate taxes in advance of that rate increase.
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Emera Welcomes Allan L. Edgeworth to the Board of Directors – February 18, 2006
HALIFAX, Nova Scotia, February 18, 2006:  Emera Inc. is pleased to announce the appointment of Mr. Allan L. Edgeworth to the Board of Directors.
Mr. Edgeworth is the President of ALE Energy Inc. of Calgary, Alberta. He is the former President and Chief Executive Officer of Alliance Pipeline. Prior to assuming CEO responsibilities in 2001, he served as Chief Operating Officer. Mr. Edgeworth also held senior positions with Westcoast Energy, including President, Pipeline Division, and Senior Vice President of Regulatory Affairs.
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Emera Q4 Earnings Release and Conference Call Rescheduled – January 23, 2006
Halifax, NS January 23, 2006 (EMA-TSX): The Emera Inc. Q4 2005 earnings conference call (originally scheduled for Friday, February 17, 2006) has been rescheduled to Monday, February 20th, 2006 at 11:30 AM Atlantic time (10:30 AM Eastern, 7:30 AM Pacific) to accommodate a change in timing of the Company’s Board of Directors meeting. Fourth quarter financial results will also be released on Monday, February 20th at approximately 9:30 AM Atlantic time (8:30 AM Eastern, 5:30 AM Pacific).
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Emera Approves Quarterly Dividend – January 6, 2006
Halifax, NS January 6, 2006 (TSX: EMA): The Board of Directors of Emera Inc. approved a quarterly dividend of $0.2225 per common share. The dividend is payable on and after February 15, 2006 to common shareholders of record at the close of business on February 1, 2006.
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