Ms. Jackie Sheppard reports

EMERA BOARD ANNOUNCES CEO SUCCESSION

Emera Inc.'s Chris Huskilson has provided notice of his intention to retire as chief executive officer in 2018. As a result, the board of directors will appoint Scott Balfour, current chief operating officer and former chief financial officer, as CEO upon Mr. Huskilson's retirement.

"I am delighted to announce that Scott will be our next CEO," said Jackie Sheppard, chair of Emera. "Chris has been an outstanding CEO for more than 12 years, and we understand and respect his desire to step down in 2018. Over the past several years, the board and Chris have worked closely to develop a strong and experienced leadership team. The fact that we were able to select a successor internally is a testament to the depth of the leadership team and the succession work that has been done."

Mr. Balfour joined Emera as executive vice-president and CFO in 2012, was appointed COO of Northeast & Caribbean in March, 2016, and COO for Emera in November, 2016. Mr. Balfour has also assumed responsibility for leading corporate strategy and is the chair of the board for most of Emera's affiliates.

"Since joining Emera, Scott has taken on increasing levels of responsibility and has played a key role in the growth of the company," said Ms. Sheppard. "Scott's strong leadership, financial acumen, and experience at Emera as CFO and COO, combined with the deep experience of the leadership team, make this a natural next step for Emera."

As previously disclosed, Mr. Huskilson agreed to provide at least 12 months advance notice of his desire to retire, allowing for a seamless leadership transition.

"With TECO integrated and adding to our existing growth platforms, Emera is ready for this leadership change," said Mr. Huskilson. "The work the board has done on succession planning, Scott's leadership experience and the strength of our organization gives me confidence in both the timing of this transition and the future of Emera."

The successful execution of its strategy has transformed Emera into one of the 20 largest North American publicly traded utilities, serving more than 2.4 million customers and becoming a member of the S&P TSX60. Mr. Balfour has worked closely with Mr. Huskilson and the entire leadership team over the past five years to deliver consistent shareholder and customer value and to create significant progress on the strategy, including the TECO acquisition and large-scale projects such as the Maritime Link.

"It will be an honour to serve as CEO of Emera," said Mr. Balfour. "Emera is a great company with a great team and an exciting future. I look forward to continuing our work together to capitalize on the growth opportunities ahead of us."

Bios

Chris Huskilson -- president and chief executive officer

Mr. Huskilson began his career with Nova Scotia Power in 1980. He was made COO of Emera and Nova Scotia Power in July, 2003, and president and CEO of Emera in 2004. Mr. Huskilson is a member of the Association of Professional Engineers of Nova Scotia. He serves on many for-profit and not-for-profit boards of directors. He is past chair of the Greater Halifax Partnership, the Energy Council of Canada and the Canadian Electricity Association. In 2013, he was named Canadian Energy Person of the Year. He was also named Clean Energy Champion in 2015 and received an honorary doctorate from the University of New Brunswick in the same year. Mr. Huskilson will be inducted into the Junior Achievement Nova Scotia Business hall of fame in 2017. Mr. Huskilson holds a bachelor of science in engineering and a master of science in engineering from the University of New Brunswick.

Scott Balfour -- chief operating officer

Mr. Balfour was appointed COO for Emera in November, 2016. Mr. Balfour joined Emera in April, 2012, as executive vice-president and CFO, before becoming COO of Northeast & Caribbean in March, 2016. Since joining Emera, he has played a key role in strategy development, driving growth and large projects, including the TECO acquisition and the Maritime Link. Following six years in commercial and corporate banking with TD Bank and Royal Bank of Canada, Mr. Balfour played a leading role in growing Aecon Group into Canada's largest publicly traded construction firm. He joined Aecon as CFO in 1994 and became president in 2005. During that time, Aecon grew from a $60-million regionally based road building company into a $2.8-billion global multidisciplined contractor and infrastructure developer. Mr. Balfour is the past chair of the Ontario Energy Association board of directors. He also sits on the board of Martinrea International Inc. Mr. Balfour holds an honours bachelor in business administration (HBBA) from Wilfrid Laurier University, and an MBA from the University of Western Ontario's Richard Ivey School of Business.