EMERA APPROVES QUARTERLY DIVIDEND
07 Janvier 2011 - 6:10PM
PR Newswire (Canada)
HALIFAX, Jan. 7 /CNW/ -- TSX: EMA EMA.PR.A HALIFAX, Jan. 7 /CNW/ -
On January 7, 2011 the Board of Directors of Emera Inc. approved a
quarterly dividend of $0.3250 per common share payable on and after
February 15, 2011 to common shareholders of record at the close of
business on February 1, 2011; and a quarterly dividend of $0.2750
per Series A First Preferred Share payable on and after February
15, 2011 to Series A First Preferred shareholders of record at the
close of business on February 1, 2011. 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 Inc. (EMA and EMA.PR.A - TSX) is an
energy and services company with $5.8 billion Canadian dollars 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 Maine and Maritimes
Corporation, the parent company of Maine Public Service Company, a
regulated electric utility serving approximately 36,000 electricity
customers in Northern Maine and MAM Services Group. In the
Caribbean, Emera owns 19% of St. Lucia Electricity Services
Limited, which serves more than 50,000 customers on the island of
St. Lucia; 80.4% of Grand Bahama Power Company which serves 19,000
customers on the island of Grand Bahama; and 38% of Light &
Power Holdings which serves 120,000 customers on the island of
Barbados through its regulated electric utility The Barbados Light
and Power Company. 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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