Emera Inc. (Emera), through its principal subsidiaries, Nova Scotia Power Inc. (NSPI) and Bangor Hydro-Electric Company (BHE), is engaged in the production and sale of electric energy. The Company has two segments: Nova Scotia Power and Bangor Hydro. NSPI is engaged in the production and sale of electric energy in Nova Scotia and Bangor Hydro is engaged in the transmission and distribution of electric energy in central Maine. In September 2008, Emera announced that it had purchased 25% of the Grand Bahama Power Company Limited (GBPC) through its acquisition of 50% of the shares of ICD Utilities Limited of the Bahamas.