Enbridge

Enbridge agrees with KKR and Apollo to form a joint venture into which the investors will contribute about CAD 2.7bn for the Aspen Point and Sunrise expansion programs; CAD 0.7bn will be paid to Enbridge at closing. After Sunrise enters service, KKR and Apollo will hold an indirect cumulative 29% stake in the Westcoast system, while Enbridge retains majority ownership and operational control. The projects are regulatory approved, backed by long‑term take‑or‑pay contracts, and are scheduled to enter service in 2026 (Aspen Point) and late 2028 (Sunrise); Enbridge can repurchase the investors’ stake in years 7–14. Enbridge expects no material impact on its 2026 guidance or its medium‑term outlook. » More on de.investing.com

Enbridge is acquiring Salt Creek Midstream’s crude oil gathering business for $600 million, including the Orla and Wink North systems and a 50% stake in Delaware Crossing. The roughly 500 miles of infrastructure has a throughput capacity of 420,000 barrels/day, 350,000 barrels of storage capacity and serves more than 20 producers on about 320,000 acres secured under exclusive contracts with an average remaining term of ten years. The assets can feed multiple long-haul pipelines and link Permian production to the Enbridge Ingleside Energy Center; Enbridge expects an immediate positive impact on distributable cash flow per share and earnings per share. Closing is expected later in 2026 and is subject to customary conditions, including clearance by the Federal Trade Commission under the Hart-Scott-Rodino Act. » More on de.investing.com

The Michigan Supreme Court vacated a key permit for Enbridge’s Line 5 tunnel under the Straits of Mackinac, forcing the Michigan Public Service Commission to redo its environmental review and delaying the project. The decision adds to ongoing litigation over Governor Gretchen Whitmer’s efforts to shut the pipeline and follows federal interventions by the U.S. and Canadian governments. Separately, the U.S. Court of Appeals ordered rerouting of Line 5 off Bad River reservation land after finding Enbridge trespassed, leaving the cross-border energy corridor’s future uncertain. » More on forbes.com