Termination of Reporting Obligations with the U.S. Securities and Exchange Commission

HALIFAX, June 21, 2012 /PRNewswire/ - (TSX: EMA) (TSX: EMA.PR.A) (TSX: EMA.PR.C): Emera Inc. ("Emera") announces that today it will file a Form 15F with the United States Securities and Exchange Commission (the "SEC") with the intention of removing its common shares from registration under Section 12(g) of the United States Securities Exchange Act of 1934, as amended (the "Exchange Act"), and voluntarily terminating its reporting obligations under Section 15(d) of the Exchange Act in respect of its common shares, first preferred shares and debt securities. On March 20, 2012, Emera filed a Post-Effective Amendment to its Registration Statement on Form F-9 with the SEC, removing from registration all unsold securities.

Upon making this filing, Emera's reporting obligations with the SEC, including its obligations to file annual reports on Form 40-F and furnish reports on Form 6-K, will immediately be suspended. Emera expects that its reporting obligations in respect of its common shares, first preferred shares and debt securities will be terminated effective 90 days after filing the Form 15F with the SEC. Emera is current with its reporting requirements under the Exchange Act.  Emera will continue to report its financial results in accordance with U.S. GAAP.

Forward Looking Information

This press release contains forward-looking information and forward-looking statements which reflect the current views of Emera with respect to the company's objectives, plans, financial and operating performance, business prospects and opportunities. Wherever used, the word "will", "expects" and similar expressions identify forward-looking statements and forward-looking information. Forward-looking statements and forward-looking information should not be read as guarantees of future events, performance or results, and will not necessarily be accurate indications of whether, or the times at which, such events, performance or results will be achieved. Emera disclaims any intention or obligation to update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

About Emera

Emera Inc. is an energy and services company with $7.0 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 and in California. 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 symbols EMA, EMA.PR.A, and EMA.PR.C. Additional information can be accessed at www.emera.com, www.sedar.com, or www.sec.gov.

SOURCE EMERA INC.

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