Investor Presentaiton

CAPACITY PAYMENTS INCREASING Facility Bridgeport Tiverton Rumford Capacity (MW) 560 265 265 Location Connecticut Rhode Island Maine Creating New Value Established Long-term Service Agreement with Siemens, the turbine manufacturer, covering both gas turbines at Bridgeport. Major overhaul / upgrade completed at Bridgeport in 2014/2015, adding 40 MWs, and improving heat rate. Planned upgrade at Tiverton in 2016 will add ~20 MW. 11 MW was qualified for FCA9 and cleared at $17.73/kw-month for seven years. The balance has been qualified to participate in FCA10. Rumford Bangor Dracut Boston Tiverton Bridgeport Saint John Bayside Halifax Capacity Revenues ($USD) Bridgeport FCA5 ('14-'15) $17.5mm FCA6 FCA7 FCA8 ('15-'16) ('16-'17) ('17-'18) $18.7mm $17.2mm $38.5mm FCA9 ('18-'19) FCA10 ('19-'20) Clears in $54.5mm February Tiverton $9.4mm $10.0mm $9.2mm $20.6mm $34.8mm '2016 Rumford $9.4mm $10.0mm $9.2mm $20.6mm $28.0mm Total $36.3mm $38.7mm $35.6mm $79.7mm $117.3mm $/KW Month $2.855 $3.129 $2.950 $7.025 $9.55 $17.73* 22 22 * FCA 9 ($/KW Month): Rumford and Bridgeport $9.55, Tiverton $11.00, and Tiverton Upgrade $17.73 Emera

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