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Investor Presentaiton

TIMING OF INVESTMENTS Maritime Link and Labrador Island Link ($CADmm) Maritime Link - Equity Maritime Link - Debt Labrador Island Link - Equity $415 $189 $298 $146 $161 $169 $159 $159 $68 $27 $35 $80 $12 $9 2011-2012 2013 2014 2015 2016 2017 NOTES: Timing of investments are estimates and subject to change. Amounts exclude AFUDC. 36 Emera

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