Emera Approves Quarterly Dividend

HALIFAX, Nova Scotia--(BUSINESS WIRE)--

On January 4, 2013 the Board of Directors of Emera Inc. (TSX: EMA EMA.PR.A and EMA.PR.C) approved a quarterly dividend of $0.35 per common share payable on and after February 15, 2013 to common shareholders of record at the close of business on February 1, 2013; a quarterly dividend of $0.2750 per Series A First Preferred Share payable on and after February 15, 2013 to Series A First Preferred shareholders of record at the close of business on February 1, 2013; and a quarterly dividend of $0.25625 per Series C First Preferred Share payable on and after February 15, 2013 to Series C First Preferred shareholders of record at the close of business on February 1, 2013.

Pursuant to the Income Tax Act (Canada) and corresponding provincial legislation, Emera Inc. hereby notifies its common shareholders, its Series A First Preferred shareholders, and its Series C First Preferred shareholders that such dividends declared qualify as eligible dividends.

About Emera Inc.

Emera Inc. is an energy and services company with $7.4 billion in assets and 2011 revenues of $2.1 billion. The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services. Emera's strategy is focused on the transformation of the electricity industry to cleaner generation and the delivery of that clean energy to market. Emera has interests throughout northeastern North America and in three Caribbean countries. More than 80% of the company's earnings come from regulated investments. Emera common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A and EMA.PR.C. Additional Information can be accessed at www.emera.com or at www.sedar.com.