Chris Huskilson, President and Chief Executive Officer

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Academics and Energy A Powerful Partnership
Chris Huskilson, President and Chief Executive
Officer Emera Inc.
Jumpstart From Research to Commercialization
in the Energy Sector Saint John, New
Brunswick March 22, 2007
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Energy is Emeras Business
Emera Inc.
100
100
100
100
50
12.9
19
R
R
R
R
R
Bangor Hydro Electric
Nova Scotia Power Inc.
Brunswick Pipeline
Maritimes Northeast Pipeline
Bear Swamp
Emera Energy Services
St. Lucia Electricity Services
100
R
Northeast Reliability Interconnect
1.2 B revenues
125 M Earnings
4 B assets
Regulated business
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1 Challenge for Energy Industry

• Ensuring adequate supplies of acceptable energy

• Must find new ways to solve long standing
  problems
• more renewable energy
• lower emissions from existing sources
• greater emphasis on energy conservation and
  efficiency

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Win-Win Partnerships Can Deliver

• Real benefits for industry and educational
  institutions
• to work together to meet the challenges

Industry Wins
Institutions Win

• Research focuses on real problems
• Increases volume of research
• Funding opportunities
• Builds reputation

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Exciting Collaborations Underway

• NSPI and Acadia collaborating to establish In
  Stream tidal on a commercial scale in Minas
  Passage
• Builds on wind turbine developments
• More cost effective and environmentally friendly
  way to harness tidal power
• Carbon Storage Research Consortium an Emera /
  Dalhousie collaboration
• Geology based research to identify carbon storage
  opportunities in NS
• Potential to utilize coals beds and enhance
  methane recovery

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Speaking from Experience
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Working Together More Effectively

• Some differences in perspective
• between industry and institutions

• Little recourse for industry if research quality
  is poor
• Different pacing and success measures
• Graduating PhDs vs making more money, faster
• Internships work
• MITACS is a success story
• Commercialization gap between ideas and
  implementation
• Identification of Intellectual Property and
  sharing of results

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The Commercialization Funding Gap
Government
Private Sector
P3
Increasing Political Risk
Increasing Financial Risk

IDEA
PRODUCT
Commercialization
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Resolving IP Issues
Advance planning avoids conflict

• Starting point - IP belongs to the researcher
• Institutions and industry, as funders, want a
  share
• Managing with contracts, but one size does not
  fit all
• Critical to negotiate and document terms in
  advance