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EMERA CONFIRMS DIVIDEND “ELIGIBLE”

February 15, 2007 (TSX: EMA) 
Halifax, NS: On January 5, 2007 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, 2007 to common shareholders of record at the close of business on February 1, 2007.

Pursuant to new dividend rules under proposed subsection 89(14) of the Income Tax Act (Canada), Emera Inc. hereby notifies its common shareholders such dividend declared qualifies as an eligible dividend.
 
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.

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