Investor Presentaiton

NOVA $4.5bn EMERA SCOTIA in assets MAINE POWER 30% of earnings (100%) $1.5bn in assets 13% of earnings (100%) 41% of assets 14% of assets RI RI EMERA CARIBBEAN $1.3bn INC in assets 8% of earnings 12% of assets RI EMERA NEWFOUNDLAND/ LABRADOR TRANSMISSION PIPELINES RI Emera (Caribbean) Incorporated (80.7%) • Barbados Light & Power (80.7%) Lucelec (15.4%) ⚫ DOMLEC (41.8%) EUS Bahamas (100%) Grand Bahama Power Company (80.4%) Estimated $2bn in assets by 2017* Maritime Link *(100%) Labrador Island Link *(37.5%) 6% of earnings $813mm in assets 9% of earnings Brunswick Pipeline (100%) Maritimes & Northeast 7% of assets Pipeline (12.9%) RI Rumford Saint John Churchill Falls Muskrat Falls Bangor Bayside Halifax $1.4bn Bayside (100%) EMERA ENERGY in assets Bear Swamp (50%) Bear 29% of earnings 13% of assets US Gas Generation (100%) Brooklyn Energy (100%) Swamp Dracut Boston CORPORATE AND OTHER Emera Energy Services (100%) $1.4bn in assets 5% of earnings Emera Utility Services (100%) Tiverton Bridgeport Algonquin Power (20.9%) 13% of assets Open Hydro (3.3%) Brooklyn Bottom Brook St. John's Cape Ray Granite Canal Soldiers Pond Florida Grand Bahama Power Company Grand Bahama Point Aconi Woodbine Dominican Republic Puerto Rico DOMLEC Dominica St. Lucia Barbados LUCELEC Barbados Light & Power Company RI Regulated Investments Note: Earnings %'s LTM ended September 30 2015, and are based on "Adjusted Net Income" before corporate costs. Assets are as at September 30,2015 • • 5 Adjusted Net Income is calculated as reported net income, adjusted for mark-to-market impacts. *Maritime Link and Labrador Island Link are equity accounted and are in the Corporate and Other segment of the financial statements Emera

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