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Nova Scotia Power Inc. issues $200 million of Medium Term Notes

    HALIFAX, July 27 /CNW/ - Today, Nova Scotia Power Inc. completed the
issue of $200 million Series W Medium Term Notes. The Series W Notes bear
interest at the rate of 5.95% and yield 5.974% per annum until July 27, 2039.
    The Offering was made to the public through a syndicate of agents co-led
by TD Securities Inc. and RBC Dominion Securities Inc., and included CIBC
World Markets Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., Merrill Lynch
Canada Inc. and National Bank Financial Inc.
    The net proceeds of the Offering will be used to repay short term
borrowings.

    About Nova Scotia Power

    Nova Scotia Power Inc. is the largest wholly-owned subsidiary of Emera
Inc. (TSX-EMA), a diversified energy and services company. Nova Scotia Power
provides more than 95% of the generation, transmission and distribution of
electrical power to 483,000 customers in the province. The company is focused
on new technologies to enhance customer service and reliability, reduce
emissions and add renewable energy. Nova Scotia Power has 1,800 employees and
$3.5 billion in assets.

For further information: Nancy Tower, FCA, Chief Financial Officer,
Emera Inc., (902) 429-6991, nancy.tower@emera.com; Jennifer Nicholson, CA,
Director, Investor Relations and Strategic Development, Emera Inc., (902)
428-6347, jennifer.nicholson@emera.com