Investor Presentaiton

INCREASED REGULATED EARNINGS 1,2 Total segmented earnings (June 30, 2015 LTM) New England ENL 6% Emera Energy 30% NSPI 33% Emera Maine Pipeline 9% 13% Caribbean Canada Emera Caribbean 7% Pro forma 84% regulated earnings (June 30, 2015 LTM) PGS 6% NMGC 4% NM NSPI 17% Canada Florida Tampa Electric 38% Emera Energy 16% Caribbean 13 ¹Based on the twelve-month period ended June 30, 2015. Numbers in chart may not add due to rounding. 2Segmented earnings includes the operations of NMGC acquired by TECO Energy on September 2, 2014 and excludes the discontinued operations of TECO Coal, TECO Guatemala and Other, and Emera Corporate & Other (except Emera Newfoundland/Labrador Transmission). New England ENL 3% Pipelines 5% Emera Maine 7% Emera Caribbean 4% Emera

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