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Emera approves quarterly dividend

HALIFAX, Jan. 9, 2009 (Canada NewsWire via COMTEX News Network) -- TSX: EMA

On January 9, 2009 the Board of Directors of Emera Inc. approved a quarterly dividend of $0.2525 per common share. The dividend is payable on and after February 16, 2009 to common shareholders of record at the close of business on February 2, 2009.

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

Emera Inc. (EMA-TSX) is an energy and services company with $4.7 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 600,000 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 and 25% of Grand Bahama Power Company which serves 19,000 customers on the Caribbean island of Grand Bahama. 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; a 7.4% interest in Open Hydro and Emera Energy Services which manages energy assets on behalf of third parties. Visit Emera on the web at www.emera.com.

SOURCE: EMERA INC.

Nancy Tower, FCA, Chief Financial Officer, (902) 428-6991; Jennifer Nicholson, CA,
Director Investor Relations and Strategic Development, (902) 428-6347