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Nova Scotia Power Inc. Approves Preferred Share
Quarterly Dividend

HALIFAX, Nova Scotia--(BUSINESS WIRE)--On July 5, 2013 the Board of Directors of Nova Scotia Power Inc. (TSX: NSI.PR.D) approved a quarterly dividend of $0.36875 per Nova Scotia Power Incorporated Series D First Preferred Share payable on and after October 15, 2013 to Series D preferred shareholders of record October 1, 2013.

Pursuant to the Income Tax Act (Canada) and corresponding provincial legislation, Nova Scotia Power Inc. hereby notifies its Series D preferred shareholders that such dividends declared qualify as eligible dividends.

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 almost 498,000 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 $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, EMA.PR.A, EMA.PR.C, and EMA.PR.E.

Contacts

Nova Scotia Power Inc.
Scott Balfour, (902) 428-6179
Executive Vice-President and Chief Financial Officer
or
Jill MacDonald, (902) 428-6486
Manager Investor Relations