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Press release from Business Wire

Emera Appoints Judy Steele, FCA, President and Chief Operating Officer of Emera Energy

Tuesday, October 02, 2012

Emera Appoints Judy Steele, FCA, President and Chief Operating Officer of Emera Energy09:54 EDT Tuesday, October 02, 2012 HALIFAX, Nova Scotia (Business Wire) -- (TSX: EMA): Chris Huskilson, President and Chief Executive Officer of Emera Inc., is pleased to announce that Judy Steele, FCA, has been appointed President and Chief Operating Officer of Emera Energy. Ms. Steele is replacing Wayne O'Connor who was recently appointed Executive Vice President, Operations for Nova Scotia Power. Most recently, Ms. Steele was Chief Financial Officer for Emera Inc. She has extensive experience with Emera Energy, having served as Vice President Finance, and as a member of its Executive team from 2007 to 2011. She has also worked in a variety of capacities across Emera's business including Investor and External Relations, Strategy Development, and Regulatory Affairs. "Judy knows Emera Energy's business very well, and appreciates its strategic fit within Emera overall,” said Chris Huskilson, President and CEO, Emera Inc. "She is a proven leader, and will help our strong team at Emera Energy continue to grow the business. I look forward to working with Judy in her new role.” Ms. Steele is a Fellow Chartered Accountant and prior to joining Emera in 1999 she worked in the financial services industry for Ernst & Young, in both the accounting and auditing, and consulting practices. Forward Looking Information This news release contains forward looking information. Actual future results may differ materially. Additional financial and operational information is filed electronically with various securities commissions in Canada through the System for Electronic Document Analysis and Retrieval (SEDAR). About Emera Emera Inc. is an energy and services company with $7.4 billion in assets and 2011 revenues of $2.1 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 interests throughout northeastern North America, in three Caribbean countries. More than 80% of the company's earnings come from regulated investments. Emera common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, and EMA.PR.C. Additional information can be accessed at www.emera.com, www.sedar.com, or on www.sec.gov. About Emera Energy Emera Energy is Atlantic Canada's premier natural gas and electricity marketing, trading and asset optimization business, operating across northeast North America. Emera Energy also owns Bayside Power, a 260 MW gas fired electricity generating facility in Saint John, New Brunswick; and has a 49% interest in 370 MW of wind energy assets in New England. Emera Inc.Sasha Irving, CommunicationsCell: 902-229-5104Sasha.Irving@emera.com