KKR and Apollo Are Buying 29 Percent of Westcoast. Enbridge Still Runs the Pipe
On August 27 Enbridge said KKR, with Apollo, will put about C$2.7 billion into a joint venture that funds the Aspen Point and Sunrise expansions on Westcoast. Enbridge gets about C$0.7 billion cash at close. The investors take an indirect 29 percent of the system when Sunrise is in service. Close still has conditions. 2026 guidance did not move.