Nova Scotia Power approves preferred share quarterly dividends

17 April 2002 – The Board of Directors of Nova Scotia Power Inc. today approved a quarterly dividend of $0.30625 per Nova Scotia Power Incorporated Series C First Preferred Share for the quarter ending June 30, 2002 payable on and after July 1, 2002 to Series C preferred shareholders of record June 18, 2002; and a quarterly dividend of $0.36875 per Nova Scotia Power Incorporated Series D First Preferred Share for the quarter ending June 30, 2002 payable on and after July 15, 2002 to Series D preferred shareholders of record June 28, 2002.

Nova Scotia Power Inc. is a regulated company and is the principal supplier of electricity in Nova Scotia with 440,000 residential, commercial and industrial customers. 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. Nova Scotia Power Inc. is a subsidiary of Emera Inc. whose common shares are traded on The Toronto Stock Exchange under the symbol EMA.

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