Emera Inc. Completes Sale of Interest in Northeast Wind

HALIFAX, Nova Scotia--()--Emera (TSX:EMA) announced today that the sale of its 49% interest in Northeast Wind Partners II, LLC (“Northeast Wind”) to First Wind Holdings, LLC (“First Wind”) has closed.

The proposed sale was announced in November 2014. Northeast Wind owns and operates 419 MW of wind generating assets located in the northeast United States. First Wind purchased Emera’s interest in Northeast Wind for USD $ 223.3 million. Emera’s carrying value of its 49% interest as of December 31st, 2014, was USD $ 204.4 million.

Forward Looking Information

This news release contains forward looking information. Actual future results may differ materially. Additional information related to Emera, including the company’s Annual Information Form, can be found on SEDAR at www.sedar.com.

About Emera

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with $9.41 billion in assets and 2013 revenues of $2.2 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 investments throughout northeastern North America, and in four Caribbean countries. Emera continues to target having 75-80% of its adjusted earnings come from rate-regulated businesses.

Emera common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.C, EMA.PR.E, and EMA.PR.F. Additional Information can be accessed at www.emera.com or at www.sedar.com.

Contacts

Emera Inc.
Media:
Dina Bartolacci Seely, 902-428-6059
dina.bartolacci@emera.com
or
Investor Relations:
Scott LaFleur, 902-428-6375
scott.lafleur@emera.com

Contacts

Emera Inc.
Media:
Dina Bartolacci Seely, 902-428-6059
dina.bartolacci@emera.com
or
Investor Relations:
Scott LaFleur, 902-428-6375
scott.lafleur@emera.com