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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.

About Emera Inc.

Emera Inc. (EMA-TSX) is an energy and services company $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, which together serve 575,000 customers. Nova Scotia Power supplies over 95% of the electric generation, transmission and distribution in Nova Scotia.