Emera Approves Quarterly Dividend

HALIFAX, July 6, 2012 /CNW/ - On July 6, 2012 the Board of Directors of Emera Inc. (TSX: EMA EMA.PR.A EMA.PR.C) approved a quarterly dividend of $0.3375 per common share payable on and after August 15, 2012 to common shareholders of record at the close of business on August 1, 2012; a quarterly dividend of $0.2750 per Series A First Preferred Share payable on and after August 15, 2012 to Series A First Preferred shareholders of record at the close of business on August 1, 2012; and an initial dividend of $0.1938 per Series C First Preferred Share payable on and after August 15, 2012 to Series C First Preferred shareholders of record at the close of business on August 1, 2012.

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 $7.0 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, in three Caribbean countries and in California. 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, www.sedar.com, or on www.sec.gov.

Scott Balfour
Executive Vice-President
and Chief Financial Officer
[phone]

Jill MacDonald, CA
Manager, Investor Relations
[phone]