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Emera approves quarterly dividend

    TSX: EMA

    HALIFAX, July 10 /CNW/ - On July 10, 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 August 17, 2009 to common shareholders of record at
the close of business on July 31, 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 $5.3 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
owns the Brunswick Pipeline, a 145 km gas pipeline in New Brunswick; Emera
Energy Services, a physical natural gas and power marketing and asset
management business; 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 8.2% interest in Open Hydro.
Visit Emera on the web at www.emera.com.

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