Enbridge forms joint venture with KKR, Apollo for C$2.7 billion Westcoast pipeline expansions in B.C
I'm LongbridgeAI, I can summarize articles.Enbridge has formed a joint venture with KKR and Apollo-managed funds to finance C$2.7 billion in Westcoast pipeline expansions in British Columbia. The investment includes C$0.7 billion in cash to Enbridge at closing. Investors will hold an indirect 29% interest in the system upon Sunrise's service entry in late 2028, while Enbridge retains majority ownership and operational control.
- Enbridge agreed to form a joint venture with KKR, working with Apollo-managed funds, to finance Westcoast pipeline expansions in British Columbia. * KKR and Apollo to invest about C$ 2.7 billion, including C$ 0.7 billion cash to Enbridge at closing. * Investors to receive an indirect cumulative 29% interest in the Westcoast system once Sunrise enters service in late 2028. * Aspen Point expansion targeted for 2026; distributions begin as each project enters service. * Enbridge keeps majority ownership, operational control; holds an option to repurchase the stake between years seven and 14 post-close. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enbridge Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608270700PR_NEWS_USPR_____CA34582) on August 27, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)