EMA Emera Incorporated

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. 


Emera Incorporated ("Emera") (TSX:EMA) announced today that it has entered into
an agreement with a syndicate led by TD Securities Inc., CIBC, RBC Capital
Markets and Scotiabank, under which they have agreed to purchase from Emera and
sell to the public 5,135,000 Common Shares of Emera. The underwriters will also
have the option to purchase up to an additional 770,250 Common Shares to cover
over-allotments, if any, and for market stabilization purposes, during the 30
days following the closing of the offering (the "Over-Allotment Option"). 


The purchase price of $34.10 per Common Share will result in gross proceeds to
Emera of $175.1 Million ($201.4 Million, if the Over-Allotment Option is
exercised in full). The net proceeds of the offering will be used for general
corporate purposes, including reducing indebtedness outstanding under Emera's
credit facility. 


The offering is subject to the receipt of all necessary regulatory and stock
exchange approvals. Closing is expected to occur on or about December 14, 2012. 


The Common Shares have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements. This
media release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any offer, solicitation or sale of the
securities in any province, state or jurisdiction in which such offer,
solicitation or sale would be unlawful.


Forward Looking Information 

This news release contains forward looking information. Actual future results
may differ materially. Additional information related to Emera, including the
company's Annual Information Form, can be found on SEDAR at www.sedar.com.


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 or at www.sedar.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Emera Incorporated
Jill MacDonald, CA
Manager, Investor Relations
(902) 428-6486

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