HALIFAX,
Dec. 12, 2011 /PRNewswire/ - (TSX:
NSI.PR.D) - Nova Scotia Power Inc. ("Nova Scotia Power") announces
that today it will file a Post-Effective Amendment to its
Registration Statement on Form F-9 with the United States
Securities and Exchange Commission (the "SEC"), removing from
registration all unsold debt securities as of the date of this
filing.
Nova Scotia Power also announces that today it
will file a Form 15F with the SEC with the intention of voluntarily
terminating its reporting obligations under Section 15(d) of the
United States Securities Exchange Act of 1934, as amended (the
"Exchange Act").
As a result of this filing, Nova Scotia Power's
reporting obligations with the SEC, including its obligations to
file annual reports on Form 40-F and furnish reports on Form 6-K,
will immediately be suspended. Nova Scotia Power expects that this
termination will become effective 90 days after filing the Form 15F
with the SEC. Nova Scotia Power is current with its reporting
requirements under the Exchange Act. Nova Scotia Power
will continue to report its financial results in accordance with
U.S. GAAP.
Forward-Looking Information
This press release contains forward-looking
information and forward-looking statements which reflect the
current views of Nova Scotia Power with respect to the Company's
objectives, plans, financial and operating performance, business
prospects and opportunities. Wherever used, the words "would",
"will", and similar expressions identify forward-looking statements
and forward-looking information. Forward-looking statements and
forward-looking information should not be read as guarantees of
future events, performance or results, and will not necessarily be
accurate indications of whether, or the times at which, such
events, performance or results will be achieved. Nova Scotia Power
disclaims any intention or obligation to update or revise any
forward-looking information or forward-looking statements, whether
as a result of new information, future events or otherwise, except
as required under applicable securities laws.
About Nova Scotia Power
Nova Scotia Power Inc. (TSX-NSI.PR.D) has
provided electricity to Nova Scotians for more than 80 years.
The company provides electricity generation, transmission, and
distribution services to approximately 490,000 customers in the
province. Nova Scotia Power is transforming its generation to
reduce its carbon footprint and enable new economic activity by
replacing fossil fuels with renewable energy sources. The
company has nearly $4.0 billion in
assets and approximately 2,000 employees who are dedicated to safe
work, enhanced customer service, system reliability and serving
their communities. Nova Scotia Power is the largest
wholly-owned subsidiary of Halifax-based Emera Inc., whose shares are
listed on the Toronto Stock Exchange and trade under the symbols
EMA and EMA.PR.A.
SOURCE Nova Scotia Power Inc.