Investor Presentaiton

EXPANDED GEOGRAPHIC and REGULATORY DIVERSIFICATION Pro forma asset map 80 New Mexico ☐ D Florida Dominican Republic Grand Grand Bahama Power Company Bahama Florida Barbados Light & Power Company, DOMLEC, Lucelec 00 - Pipelines - Transmission lines Power plants Pro forma regulatory snapshot Nova Scotia Power Rate base Allowed ROE Equity capitalization Emera Maine (Transmission / Distribution) Rate base Allowed ROE Equity capitalization Emera Caribbean Rate Base Allowed Return on Rate Base CAD$3.7bn 8.75% 9.25% 37.5-40.0% CAD$400mm / CAD$300mm 10.57% 11.74% / 9.55% 62.0% / 49.0% CAD$0.9bn 10.0%-15.0% Emera Newfoundland /Labrador Transmission (estimated 2017)1 Rate Base Allowed ROE Equity capitalization Tampa Electric Rate base Allowed ROE Equity capitalization Peoples Gas Rate base Allowed ROE Equity capitalization New Mexico Gas XOXOXOXO Rate base Allowed ROE Equity capitalization ~CAD$2.0bn 9.0% (ML)/8.8% (LIL) 30.0% (ML) / 100.0% (LIL) ~USD$4.8bn² 9.25% 11.25% 54.0% USD$715mm² 9.75% 11.75% 54.7% USD$517mm² Pro Forma 2,400,000 customers 10.0% 52.0% 1 Maritime Link (ML) and Labrador Island Link (LIL) are equity accounted 12 2 Tampa Electric and Peoples Gas average rate base based on earnings surveillance reports filed to FPSC in December 2014. NMGC rate base as of September 30, 2014 as disclosed by TECO Emera

View entire presentation