Nova Scotia Power Inc. Completes Redemption of Preferred Shares

October 16, 2015

HALIFAX, Nova Scotia– Yesterday, Nova Scotia Power Inc. (the “Company”) completed its previously announced redemption of its outstanding Cumulative Redeemable First Preferred Shares, Series D (the “Series D Shares”) for a redemption price of $25.00 per share. Prior to redemption, the Company paid a dividend on the Series D Shares in the amount of $0.36875 per share for the quarter ending on September 30, 2015 to holders of record on October 1, 2015.

Effective as of the close of markets yesterday, the Company is no longer listed on the Toronto Stock Exchange (the “TSX”) as none of its securities are listed for trading on the TSX.

About Nova Scotia Power

Nova Scotia Power Incorporated, is a wholly-owned subsidiary of Emera Incorporated (TSX:EMA), a geographically diverse energy and services company headquartered in Halifax, Nova Scotia. Nova Scotia Power Incorporated is a fully-integrated regulated electric utility with approximately $4.4 billion of assets and is the primary electricity supplier in Nova Scotia. Nova Scotia Power Incorporated provides electricity generation, transmission and distribution services to approximately 505,000 customers.

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Investor Relations:
Nova Scotia Power Incorporated
Scott LaFleur, 902-428-6375
scott.lafleur@emera.com

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