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Emera Approves Quarterly Dividend

HALIFAX, Nova Scotia, October 5, 2007 , (EMA-TSX): On October 5, 2007 the Board of Directors of Emera Inc. approved a quarterly dividend to $0.2275 per common share. The dividend is payable on and after November 15, 2007 to common shareholders of record at the close of business on November 1, 2007.

Pursuant to the Income Tax Act (Canada) and corresponding provincial legislation, Emera Inc. hereby notifies its common shareholders that 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. Energy 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 also owns 19% of St. Lucia Electricity Services Limited, which serves more than 50,000 customers on the Caribbean island of St. Lucia. In addition to its electric utility investments, Emera has 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, please contact:

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

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