Enbridge Advances Historic Equity Ownership with First Nations on B.C. Natural Gas Pipeline System
Enbridge (NYSE: ENB) has announced a landmark CAD$715 million investment agreement with the Stonlasec8 Indigenous Alliance Limited Partnership, representing 36 First Nations in British Columbia. The deal will grant the First Nations Partnership a 12.5% ownership stake in Enbridge's Westcoast natural gas pipeline system. The transaction is supported by a CAD$400 million loan guarantee from Canada Indigenous Loan Guarantee Corporation (CILGC).
The Westcoast pipeline system, operating for over 65 years, is a crucial energy infrastructure asset. The partnership aims to provide sustained economic benefits to First Nations communities, funding investments in housing, infrastructure, environmental stewardship, and cultural preservation. The transaction is expected to close by the end of Q2 2025, subject to financing completion and conditions precedent.
Enbridge (NYSE: ENB) ha annunciato un accordo di investimento storico di 715 milioni di dollari canadesi con la Stonlasec8 Indigenous Alliance Limited Partnership, che rappresenta 36 Prime Nazioni della British Columbia. L'accordo concederà alla Partnership delle Prime Nazioni una quota di proprietà del 12,5% nel sistema di gasdotti Westcoast di Enbridge. L'operazione è supportata da una garanzia di prestito di 400 milioni di dollari canadesi fornita dalla Canada Indigenous Loan Guarantee Corporation (CILGC).
Il sistema di gasdotti Westcoast, in funzione da oltre 65 anni, rappresenta un'infrastruttura energetica fondamentale. La partnership mira a garantire benefici economici duraturi alle comunità delle Prime Nazioni, finanziando investimenti in abitazioni, infrastrutture, tutela ambientale e preservazione culturale. La transazione è prevista per essere completata entro la fine del secondo trimestre del 2025, subordinatamente al completamento del finanziamento e al soddisfacimento delle condizioni precedenti.
Enbridge (NYSE: ENB) ha anunciado un acuerdo de inversión histórico de 715 millones de dólares canadienses con Stonlasec8 Indigenous Alliance Limited Partnership, que representa a 36 Primeras Naciones en Columbia Británica. El acuerdo otorgará a la alianza de Primeras Naciones una participación accionaria del 12,5% en el sistema de gasoductos Westcoast de Enbridge. La transacción cuenta con el respaldo de una garantía de préstamo de 400 millones de dólares canadienses de la Canada Indigenous Loan Guarantee Corporation (CILGC).
El sistema de gasoductos Westcoast, en operación por más de 65 años, es una infraestructura energética clave. La alianza busca proporcionar beneficios económicos sostenidos a las comunidades de las Primeras Naciones, financiando inversiones en vivienda, infraestructura, protección ambiental y preservación cultural. Se espera que la transacción se cierre antes de finales del segundo trimestre de 2025, sujeta a la finalización del financiamiento y al cumplimiento de condiciones previas.
Enbridge(NYSE: ENB)는 브리티시컬럼비아에 있는 36개의 퍼스트 네이션을 대표하는 Stonlasec8 Indigenous Alliance Limited Partnership과 7억 1,500만 캐나다 달러 투자 계약을 체결했다고 발표했습니다. 이번 거래를 통해 퍼스트 네이션 파트너십은 Enbridge의 Westcoast 천연가스 파이프라인 시스템에 대한 12.5% 소유 지분을 갖게 됩니다. 이 거래는 캐나다 원주민 대출 보증 공사(CILGC)의 4억 캐나다 달러 대출 보증 지원을 받습니다.
65년 넘게 운영되어 온 Westcoast 파이프라인 시스템은 중요한 에너지 인프라 자산입니다. 이번 파트너십은 주택, 인프라, 환경 보호, 문화 보존에 대한 투자를 지원하며 퍼스트 네이션 커뮤니티에 지속적인 경제적 혜택을 제공하는 것을 목표로 합니다. 이 거래는 자금 조달 완료 및 선행 조건 충족을 전제로 2025년 2분기 말까지 완료될 예정입니다.
Enbridge (NYSE : ENB) a annoncé un accord d'investissement historique de 715 millions de dollars canadiens avec Stonlasec8 Indigenous Alliance Limited Partnership, représentant 36 Premières Nations de la Colombie-Britannique. Cet accord accordera au partenariat des Premières Nations une participation de 12,5 % dans le système de pipeline de gaz naturel Westcoast d'Enbridge. La transaction est soutenue par une garantie de prêt de 400 millions de dollars canadiens de la Canada Indigenous Loan Guarantee Corporation (CILGC).
Le système de pipeline Westcoast, en fonctionnement depuis plus de 65 ans, est une infrastructure énergétique essentielle. Le partenariat vise à fournir des bénéfices économiques durables aux communautés des Premières Nations, en finançant des investissements dans le logement, les infrastructures, la protection de l'environnement et la préservation culturelle. La transaction devrait être finalisée d'ici la fin du deuxième trimestre 2025, sous réserve de l'achèvement du financement et des conditions préalables.
Enbridge (NYSE: ENB) hat eine bahnbrechende Investitionsvereinbarung in Höhe von 715 Millionen CAD mit der Stonlasec8 Indigenous Alliance Limited Partnership bekannt gegeben, die 36 First Nations in British Columbia vertritt. Durch die Vereinbarung erhält die Partnerschaft der First Nations einen 12,5%igen Eigentumsanteil am Westcoast-Erdgas-Pipelinesystem von Enbridge. Die Transaktion wird durch eine 400 Millionen CAD-Darlehensgarantie der Canada Indigenous Loan Guarantee Corporation (CILGC) unterstützt.
Das seit über 65 Jahren betriebene Westcoast-Pipelinesystem ist eine wichtige Energieinfrastruktur. Die Partnerschaft zielt darauf ab, den First Nations-Gemeinschaften nachhaltige wirtschaftliche Vorteile zu bieten und Investitionen in Wohnraum, Infrastruktur, Umweltschutz und Kulturerhalt zu finanzieren. Der Abschluss der Transaktion wird bis Ende des zweiten Quartals 2025 erwartet, vorbehaltlich der Finanzierung und der Erfüllung der aufschiebenden Bedingungen.
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Enbridge's CAD$715M deal giving First Nations 12.5% pipeline ownership strengthens Indigenous relations while maintaining control of critical infrastructure.
This CAD
The deal structure is noteworthy – approximately
For Enbridge shareholders, this transaction presents multiple benefits. First, it strengthens the company's social license to operate in Indigenous territories, potentially reducing regulatory and operational friction for future projects. Second, it provides immediate capital that could be redeployed into growth initiatives or balance sheet optimization. Third, it aligns with ESG criteria increasingly important to institutional investors without diluting overall corporate control of the asset.
The timing of the anticipated close – by the end of Q2 2025 – suggests minimal regulatory hurdles, indicating the deal structure has been carefully crafted to satisfy government requirements. For Enbridge, this represents the continuation of a strategic pattern of Indigenous partnerships that enhance rather than hinder its operational capabilities, while demonstrating its commitment to Indigenous reconciliation through meaningful economic participation rather than symbolic gestures.
The First Nations Partnership has reached an agreement with Canada Indigenous Loan Guarantee Corporation (CILGC), a subsidiary of Canada Development Investment Corporation (CDEV), to secure a
"Enbridge's Westcoast natural gas pipeline system is a critical piece of energy infrastructure that has been providing people with the energy they need for more than 65 years," said Cynthia Hansen, Enbridge's Executive Vice President and President of Gas Transmission and Midstream. "This transaction provides an opportunity to build on our existing relationships with Indigenous communities and help advance reconciliation."
"Today is a significant milestone for Stonlasec8 First Nations and we are incredibly grateful to have the Government of
"Enbridge's commitment to advance Indigenous ownership opportunities related to our existing and growing energy assets underlines our efforts to be the First Choice partner for the communities we serve. These partnerships – which are part of our Indigenous Reconciliation Action Plan – allow Indigenous communities to beneficially invest in our operations and play a greater role in shaping
"I want to thank everyone who contributed to making this historic and highly complex transaction possible. Today's announcement also underscores CDEV's role as a catalyst for transformative initiatives that benefit all Canadians," said Elizabeth Wademan, President and CEO of CDEV, the parent company of the CILGC. "We launched CILGC in record time with a commitment to operate at the speed of business. The CDEV team is proud of the leading role it played on this transaction, and for the partnership created through this deal."
"This loan guarantee is a testament to our commitment to fostering Indigenous economic reconciliation and ensuring that Indigenous Peoples have a meaningful stake in
"This landmark agreement is a powerful example of how our new federal government is getting things done in
The transaction is expected to close by the end of the second quarter of 2025, subject to the completion of required financing and the satisfaction of all conditions precedent to the transaction.
RBC Capital Markets acted as financial advisor to Enbridge and McCarthy Tétrault as legal counsel. TD Securities Inc. acted as financial advisor to the First Nations Partnership, Boughton Law as legal counsel and MNP as business and tax advisors.
About Enbridge's Westcoast natural gas pipeline system
Enbridge's Westcoast natural gas pipeline system is an essential piece of energy infrastructure that is capable of transporting up to 3.6 billion cubic feet of natural gas per day. Owned by Westcoast Energy Inc., a wholly owned subsidiary of Enbridge, this system stretches more than 2,900 kilometres from
About Enbridge
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, carbon capture and storage. Headquartered in
Forward-Looking Information
Forward-looking information, or forward-looking statements, have been included in this news release to provide information about Enbridge and its subsidiaries and affiliates, including management's assessment of Enbridge and its subsidiaries' and affiliates' future plans and operations. This information may not be appropriate for other purposes. Forward looking statements are typically identified by words such as ''anticipate'', ''expect'', ''project'', 'estimate'', ''forecast'', ''plan'', ''intend'', ''target'', ''believe'', "likely" and similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information or statements included or incorporated by reference in this document include, but are not limited to, statements with respect to Enbridge's agreement with the First Nations Partnership for it to acquire an interest in Enbridge's natural gas pipeline system in
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Enbridge's forward-looking statements are subject to risks and uncertainties pertaining to the realization of anticipated benefits and synergies of projects and transactions, including the Transaction, and the successful execution of our strategic priorities; operating performance; the Company's dividend policy; regulatory parameters; changes in regulations applicable to the Company's business; litigation; acquisitions and dispositions and other transactions, including the Transaction, and the realization of anticipated benefits therefrom; project approval and support; renewals of rights-of-way; weather; economic and competitive conditions; global geopolitical conditions; political decisions and evolving government trade policies, including potential and announced tariffs, duties, fees, economic sanctions, or other trade measures; public opinion; changes in tax laws and tax rates; exchange rates; interest rates; inflation; commodity prices; and supply of and demand for commodities, including but not limited to those risks and uncertainties discussed in this news release and in the Company's other filings with Canadian and
FOR FURTHER INFORMATION PLEASE CONTACT:
Enbridge | First Nations Partnership |
Media Investment Community | Media Sedgwick Strategies Allie Meeres Phone: (778) 918-1250 Email: allie@sedgwickstrategies.ca |
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