SNGS benefits both individual landowners & the Sacramento region

• Landowners receive a signing bonus and annual lease payments or can negotiate sale of storage rights.
• The region benefits from much-needed supply reserves, which can help lower energy costs.
• Provides critical reserves to mitigate curtailments or “brownouts.”

SNGS provides economic benefits

• Substantial storage rights income for landowners and the City (for Danny Nunn Park).
• Creating new jobs, both during construction and operation.
• $60 million SNGS facilities will generate new property, sales and income tax revenues.
• Economic benefits will continue as long as SNGS operates (up to 50 years).

SNGS is a local partnership working closely with community, businesses, and regulators

• Educating and involving local community, working closely with neighborhood leaders and business groups (e.g., Avondale/Glen Elder Neighborhood Association, Power Inn Alliance, etc.)
• Providing annual funding for the Community/Neighborhood Foundation.
• Working with City/County/State officials and coordinating closely with regulators and utilities.
• SNGS development and operation will be strictly regulated and monitored by the CPUC.
• SNGS is a local, community-oriented enterprise; partners Jim Fossum, Don Russell, and Derek and Vern Jones, along with General Counsel Jack Diepenbrock, are recognized in the Sacramento community and are all actively involved in civic affairs.

The Community/Neighborhood Foundation

• Would receive an amount equal to 25% of annual gross revenues which could yield $25,000 to $44,000 or more per year for the community.
• Monies donated would be used to support projects and activities favored by the community.
• Board of Directors could include membership from local community groups such as AGENA, Power Inn Alliance, the City, youth groups, etc.
• The City’s non-profit entity, “Gifts to Share, Inc.”, may collect and distribute these dollars as determined by the directors.