Northeast Wind Partners II

Emera closed the sale of its 49% interest in Northeast Wind Partners II (Northeast Wind) to First Wind Holdings (First Wind) has closed. The proposed sale was announced in November 2014. Northeast Wind owns and operates 419 MW of wind generating assets located in the northeast United States. First Wind purchased Emera's interest in Northeast Wind for $223.3 million. Emera's carrying value of its 49% interest as of December 31^st, 2014, was $204.4 million.

Emera will sell its 49% interest in Northeast Wind Partners II (Northeast Wind), to its 51% partner, First Wind Holdings (First Wind) for $223.3 million. Northeast Wind owns and operates a 419-MW portfolio of wind generating assets located in the Northeast United States. Emera acquired its interest in Northeast Wind in 2012. Emera's sale is part of a larger deal which will see 100% of First Wind sold to a third party, and is conditional on that transaction closing.