« Back

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.

Nova Scotia Power Inc. is a wholly-owned subsidiary of Emera Inc. (EMA-TSX). It is a regulated company with more than 450,000 customers across Nova Scotia. Its system is province wide and provides over 95% of the generation, transmission, and distribution of electric power throughout Nova Scotia. Nova Scotia Power Inc. preferred shares are traded on the Toronto Stock Exchange under the symbols NSI.PR.C and NSI.PR.D.

For more information:

Nancy Tower,
Chief Financial Officer
(902) 428-6991

or

Judy Steele, CA
Director, External and Investor Relations
(902) 428 6999