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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.

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 580,000 customers. 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 110,000 customers in eastern Maine. Emera’s other investments include 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

For more information: Nancy Tower, Chief Financial Officer (902) 428-6991 or Judy Steele, CA, Director, External and Investor Relations (902) 428 6999.