TMX group

TSX: NSI.PR.C
     NSI.PR.D

HALIFAX, Oct. 7 /CNW/ - The Board of Directors of Nova Scotia Power Inc.
approved a quarterly dividend of $0.30625 per Nova Scotia Power Incorporated
Series C First Preferred Share for the quarter ending December 31, 2005,
payable on and after January 1, 2006 to Series C preferred shareholders of
record December 19, 2005; and a quarterly dividend of $0.36875 per Nova Scotia
Power Incorporated Series D First Preferred Share for the quarter ending
December 31, 2005 payable on and after January 16, 2006 to Series D preferred
shareholders of record December 30, 2005.

Nova Scotia Power Inc. is a wholly-owned subsidiary of Emera Inc.     
(EMA-TSX). It is a regulated company with more than 450,000 customers across
Nova Scotia. Its system is province wide and provides over 95% of the
generation, transmission, and distribution of electric power throughout Nova
Scotia. Nova Scotia Power Inc. preferred shares are traded on the Toronto
Stock Exchange under the symbols NSI.PR.C and NSI.PR.D.