Emera East Coast Energy Conference Panel: “Challenges, Opportunities & Choices” June 15, 2016

Emera Corporate Strategy  Environmental Regs & Standards  Social & Political Demand  Fuel-Source Diversification  Energy Independence & Stability MARKET OPPORTUNITY: Demand For Cleaner Affordable Energy DRIVERS EMERA STRATEGY: Leverage the unique linkages and adjacencies of Emera’s assets, capabilities & relationships to create growth and development opportunities.  Renewables  Transmission (renewables to market)  Gas Generation and Transportation  Utilities FOCUS

Emera’s strategy in action: Nova Scotia’s Transition to Renewables

Next logical strategic step: Helping Create the Grid of the Future

Nova Scotia Initiatives

Barbados Initiative

LOWER CHURCHILL Phase 1 and Maritime Link Churchill Falls MUSKRAT FALLS (MF) GENERATION & LABRADOR TRANSMISSION (LTA) $4.6 billion project value 824 MW hydroelectric facility 4.9 TWh/yr 100% Nalcor owned Gull Island Muskrat Falls LABRADOR ISLAND LINK (LIL) $3.1billion project value 900 MW capacity 1,100 km Emera to invest ≈ $410 million for ≈ 59% partnership capital of LIL Bottom Brook Cape Ray MARITIME LINK (ML) $1.577 billion project value 500 MW capacity 170 km undersea link 100% Emera owned for 35 years Granite Canal Soldier’s Point Point Aconi Utility Service Area 7 7