Enbridge received project funding and commitments for more, supporting Aspen Point and Sunrise. It gives up a minority interest, but the money helps pay for those expansions.
The deal shifts some project costs to KKR and Apollo. Enbridge gives up part of Westcoast, but the firms' money supports its expansion work and covers some costs already incurred. Their share is expected to reach 29% when Sunrise starts in 2028, so Enbridge trades some ownership for project funding.
KKR joined the Westcoast investment and will receive part ownership. The story gives no expected return, so it does not change KKR's business outlook.
Apollo joined the Westcoast investment and will receive part ownership. The story gives no expected return, so it does not change Apollo's business outlook.
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