DBRS Rates Emera Inc.’s $250 Million Series H Medium-Term Notes at BBB (high)

DBRS has today assigned a rating of BBB (high) with a Stable trend to Emera Inc.’s (Emera or the Company) $250 million 2.96% Series H unsecured medium-term notes due on December 13, 2016 (the Notes). The issue is expected to settle on December 13, 2011.

The Notes are being issued pursuant to Emera’s $350 million prospectus supplement dated June 9, 2010, to the Short Form Base Shelf Prospectus dated May 19, 2010, as amended and restated on February 18, 2011. The Notes will be senior, unsecured obligations of Emera, ranking pari passu with all other unsecured and unsubordinated debt of the Company.

The proceeds will be used to repay short-term indebtedness and for general corporate purposes.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Companies in the North American Energy Utilities (Electric and Natural Gas) Industry, which can be found on the DBRS website under Methodologies.