Exhibit H-1
Proposed Form of Notice
SECURITIES AND EXCHANGE COMMISSION
(Release No. 35-______)
Filings under the Public Utility Holding Company Act of 1935, as amended ("Act")
November __, 2000
Notice is hereby given that the following filing(s) has/have been made with
the Commission pursuant to provisions of the Act and rules promulgated
thereunder. All interested persons are referred to the application(s) and/or
declaration(s) for complete statements of the proposed transaction(s) summarized
below. The application(s) and/or declaration(s) and any amendments thereto
is/are available for public inspection through the Commission's Office of Public
Reference. Interested persons wishing to comment or request a hearing on the
application(s) and/or declaration(s) should submit their views in writing by
December ____, 2000 to the Secretary, Securities and Exchange Commission, 450
5th Street, N.W., Washington, D.C. 20549, and serve a copy on the relevant
applicant(s) and/or declarant(s) at the address(es) as specified below. Proof of
service (by affidavit or, in case of an attorney at law, by certificate) should
be filed with the request. Any request for hearing shall identify specifically
the issues of fact or law that are disputed. A person who so requests will be
notified of any hearing, if ordered, and will receive a copy of any notice or
order issued in the matter. After December ____, 2000, the application(s) and/or
declaration(s), as filed or as amended, may be granted and/or permitted to
become effective.
* * * * *
Emera Inc.
Emera Inc. ("Emera"), a company formed under the laws of the Province of
Nova Scotia, Canada, P.O. Box 910, Halifax, Nova Scotia, has filed an
application under Section 3(a)(5), 9(a)(2) and 10 of the Public Utility Holding
Company Act of 1935, as amended (the "Act"). Bangor Hydro Electric Company
("BHE"), is a corporation organized under the laws of the State of Maine, 33
State St., Bangor, Maine 04401, and is currently exempt by order under Section
3(a)(1) of the Act. Emera proposes to acquire the outstanding voting securities
of BHE and, indirectly, BHE's direct and indirect public-utility subsidiary
companies, Maine Electric Power Company, Inc. and Chester SVC. Following the
acquisition, Emera will be a holding company within the meaning of Section
2(a)(7) of the Act.
Emera is the parent of Nova Scotia Power, Inc. ("NSPI"), a Canadian
electric utility company that owns and operates a vertically integrated electric
utility system in Nova Scotia. In the context of the acquisition, Emera has
undertaken that NSPI will qualify for exemption as a foreign utility company or
"FUCO" within the meaning of Section 33 of the Act, and will therefore not be
subject to any provision of the Act. Merger Sub, a to-be-formed Emera subsidiary
incorporated in the U.S., will merge with and into BHE, with BHE surviving.
Emera requests authorization for the merger, and further requests an order of
exemption under Section 3(a)(5) from all provisions of the Act except Section
9(a)(2). All the proposed transactions are more fully described in the
application.
For the Commission, by the Division of Investment Management, pursuant to
delegated authority.
Jonathan G. Katz
Secretary
