BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 15.May.2025, Words: 385) — Enbridge Inc. reached an agreement whereby the Stonlasec8 Indigenous Alliance Limited Partnership (the First Nations Partnership), which currently represents 36 First Nations in British Columbia (B.C.), will make a CAD$715mn investment in Enbridge’s Westcoast natural gas pipeline system.
When it is all said and done, the First Nations Partnership will own a 12.5% interest in that system, subject to certain closing conditions as well as customary closing adjustments. The transaction is expected to close by the end of the second-quarter 2025, subject to the completion of required financing and the satisfaction of all conditions precedent to the transaction.
