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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.

About Emera Inc.

Emera Inc. (EMA-TSX) is an energy and services company with $4.0 billion in assets. Electricity is Emera’s core business. The company has two wholly-owned regulated electric utility subsidiaries, Nova Scotia Power Inc. and Bangor Hydro-Electric Company, which together serve 590,000 customers. Emera’s other investments include a joint venture interest in Bear Swamp, a 600 megawatt pumped storage hydro-electric facility in northern Massachusetts; a 12.9% interest in the Maritimes & Northeast Pipeline; and Emera Energy Services which manages energy assets on behalf of third parties and provides related services. Visit Emera on the web at www.emera.com.