OFFER TO LIGHT & POWER HOLDINGS LTD. SHAREHOLDERS

TORONTO, Nov. 25 /CNW/ - Emera Inc. ("Emera" - Toronto Stock Exchange listing: "EMA"), an existing shareholder of Light & Power Holdings Ltd. ("Light & Power Holdings" - Barbados Stock Exchange listing: "LPH") is pleased to announce that it intends to make an offer to the other shareholders of Light & Power Holdings to acquire additional issued common shares of Light & Power Holdings, subject to receipt of approval from the Barbados Securities Commission for such an offer. Light & Power Holdings is the parent company of the Barbados Light & Power Company Limited. Details of the offer will be forthcoming shortly.

The Barbados Securities Commission and the Barbados Stock Exchange have been informed of Emera's intention to make the offer for additional common shares of Light & Power Holdings.

Emera acquired its current 38% of the common shareholding in Light & Power Holdings in May 2010 from Leucadia National Corporation.

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 19% of St. Lucia Electricity Services Limited, which serves more than 50,000 customers on the Caribbean island of St. Lucia, 25% of Grand Bahama Power Company which serves 19,000 customers on the Caribbean island of Grand Bahama and 38% of Light & Power Holdings which serves 120,000 customers on the Caribbean 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

For further information:

Media Contact:
Sasha Irving
Director Corporate Communications
902- 428-6685

Investor Contact:
Jennifer Nicholson
Senior Director Stakeholder Relations
902-223-0461