Emera Inc. reported unaudited consolidated cash flow results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net cash provided by operating activities of $84.3 million, purchase of to property, plant and equipment of $99.8 million compared to net cash provided by operating activities of $40.1 million, purchase of to property, plant and equipment of $188.1 million over the same period last year. For the nine months, the company reported net cash provided by operating activities of $208.1 million, purchase of to property, plant and equipment of $224.5 million compared to net cash provided by operating activities of $254.3 million, purchase of to property, plant and equipment of $395 million over the same period last year.

Emera Inc. reported consolidated earnings results for the third quarter and nine months of 2009. For the quarter, the company's net earnings were $34.9 million, compared to $6.5 million for the same period in 2008. Earnings per share in the quarter were $0.31 compared to $0.05 in the third quarter of 2008. In the third quarter of 2008, two significant accounting adjustments at Nova Scotia Power and Bear Swamp negatively impacted earnings in that quarter. Excluding these accounting adjustments, earnings per share would have been $0.22 in the third quarter of 2008. Year to date earnings were $135.8 million for the first three quarters of 2009 compared to $118.8 million for the same period in 2008. Earnings per share were $1.21 for the nine months ended September 30, 2009 compared to $1.06 for the same period in 2008.

Chris Huskilson, President and CEO of Emera Inc., said in a conference call, “We are pleased with our results this past quarter and for the year so far. We have momentum in our business and this is translating into record earnings for us for the first three quarters of this year. Our current strategy has been in place for about five years and has been successful. We have decided with our Board that this is the best approach for us because there is significant opportunity to use our expertise in both our current businesses and in new regions where we may choose to invest. We see the possibility of increasing our investment in northeast North America, other the next five years. The focus of this investment will be in three areas. First of all, we will increase the clean energy component of our generation fleet through the addition of renewables including wind, biomass and tile. We will invest to collect these and other renewables and connect them to the grid through transmission projects. And we will invest in natural gas infrastructure to balance the increase renewables, and transition the region from higher carbon to lower carbon generation. We will continue to seek utility acquisition opportunities, and will continue to advance our work in the Caribbean.”