Emera Q2 Earnings Release and Conference Call

HALIFAX, June 23, 2008 - (EMA-TSX): Emera's Q2 2008 earnings will be released on Friday, August 1, 2008. The company will be hosting a teleconference at 2:00 pm Atlantic time that day (1:00 pmToronto/Montreal/New York; 12:00 pmWinnipeg; 10:00 amVancouver) to discuss the Q2 2008 financial results.

Analysts and other interested parties wanting to participate in the call should dial 1-888-575-8232 (in Toronto 416-406-6419) at least 10 minutes prior to the start of the call. No pass code is required. The teleconference will be recorded. If you are unable to join the teleconference live, you can dial for playback toll-free at 1-800-408-3053 (in Toronto 416-695-5800), access code 3264932# (available until midnight, August 15, 2008). The teleconference will also be web cast live at www.emera.com and available for playback for one year.

About Emera

Emera Inc. (EMA-TSX) is an energy and services company with $4.4 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. In addition to its electric utility investments, Emera has a joint venture interest in BearSwamp, 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.

Contact:

Jennifer Nicholson, CA,

Director Investor Relations and Strategic Development,

(902) 428-6347