Investor Presentaiton

Fortis Alberta Grande Prairie Fort McMurray Christina Lake Lac La Biche Athabasca Forsskatchewan Lloydminster Barrhead Westlock Whitecourt Morinville St. Albert Spruce Grove Hinton Edmonton Sherwood Park Drayton Valley • Leduc Camrose Wetaskiwin Wainwright Rocky Mountain House Ponoka Lacombe Provost Stettler Red Deer Sundre Olds Drumheller Cochrane Banff Airdrie Strathmore Canmore Calgary Okotoks Brooks High River Type of utility Regulator Regulatory model 2017 Formula 2017F Midyear Rate Base 5-Year CAGR on Midyear Rate Base (1) 2016 Assets % of total regulated assets (2) 2016 Earnings 2016 Earnings % of total regulated pro forma net earnings Major Capital Projects Medicine Hat Claresholm Crowsnest Fort Pass Taber Lethbridge MacLeod Pincher Creek Development Opportunities (3) Pending Regulatory Decisions (1) (2) (3) 5-Year CAGR on midyear rate base includes 2017 to 2021 forecast. Includes goodwill. Development opportunities are not included in the base capital forecast and would represent incremental capital spending. FORTIS Fortis Alberta Electricity distribution Alberta Utilities Commission PBR 8.5% on 37% equity $3.2B 5.6% 9% $121M 11% Pole-Management Program Renewables, Distribution System Investments, Changing Customer Expectations PBR Next Generation Application 30

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