EMA Emera Incorporated

HALIFAX, Sept. 24 /CNW/ -- TSX: EMA EMA.PR.A HALIFAX, Sept. 24 /CNW/ - On September 24, 2010, the Board of Directors of Emera Inc. approved a quarterly dividend of $0.3250, or $1.30 annually, per common share payable on and after November 15, 2010, to common shareholders of record at the close of business on November 1, 2010. As well, the Board of Directors also approved a quarterly dividend of $0.2750, or $1.10 annually, per Series A First Preferred Share payable on and after November 15, 2010, to Series A First Preferred shareholders of record at the close of business on November 1, 2010. "We have committed to grow our common dividend as our earnings increase," said Chris Huskilson, President and Chief Executive Officer of Emera Inc. "This 17 cent annual increase in our common dividend reflects the continuing success of our strategy. We know our dividend is important to our shareholders, and we are pleased to be able to provide for this 15% increase." Pursuant to the Income Tax Act (Canada) and corresponding provincial legislation, Emera Inc. hereby notifies its common shareholders and its Series A First Preferred shareholders that such dividends declared qualify as eligible dividends. About Emera Emera Inc. (EMA and EMA.PR.A -TSX) is an energy and services company with $5.7 billion in assets. Electricity is Emera's core business. Approximately 94% of Emera's revenues are earned by Nova Scotia Power Inc (NSPI), Bangor Hydro Electric Company (BHE) and the Brunswick Pipeline. NSPI and BHE are wholly-owned regulated electric utilities which together serve 603,000 customers. The Brunswick Pipeline is a 145 km gas pipeline in New Brunswick. Emera also owns 38% of Barbados Light and Power which serves 120,000 customers on the Caribbean island of Barbados, 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 Bayside Power, a 260 MW gas-fired power plant in Saint John, 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; and an 8.2% interest in Open Hydro. Visit Emera on the web at www.emera.com. Nancy Tower, FCA, Chief Financial Officer, (902) 428-6991; Jennifer Nicholson, CA, Senior Director Stakeholder Relations, (902) 428-6347

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