Enbridge, KKR Form C$2.7B JV for Westcoast Gas Pipeline Expansion

1. 1Enbridge (ENB) and KKR agree to form JV for Aspen Point and Sunrise expansions of the Westcoast gas pipeline in British Columbia
2. 2Total investment of approximately C$2.7 billion... KKR and Apollo to hold cumulative 29% stake upon Sunrise startup, with C$700 million cash paid to Enbridge at closing
3. 3Enbridge retains majority stake and operatorship... Aspen Point expected in service in 2026, Sunrise by end of 2028

Source The Wall Street Journal +1 · View original ↗

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