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 Natural Gas storage rights lease income for landowners and the City of Sacramento (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.
• Revenues of $1 Million to the City of Sacramento during the first year and approximately $500,000 annually thereafter.
• Revenues of $25 Million annually to the greater Sacramento region.     
• 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.  
• 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 and other regulatory entities.

SNGS is a local, community-oriented enterprise; partners Jim Fossum, Donald Russell, Derek Jones, 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 "Our Neighborhood Partnership"

The Foundation is securing its 501(c) 3 non-profit status, and will receive $25,000 during the initial project start-up phase, an amount committed by SNGS, in addition to receiving 0.25 percent (.25%) of annual gross revenues when full operation of the SNGS facility is achieved. This could yield approximately $25,000 to $44,000 or more per year.

Our Neighborhood Partnership will explore ways to invest $44,000 or more per year into your community, and welcome your ideas to help improve the quality of life for you and your neighbors. 

IDEAS FOR INVESTING IN YOUR COMMUNITY

• Sponsoring sports leagues for youth
  
• Traffic calming measures
  
• Scholarships for neighborhood high school students
  
• Park improvements
  
• Neighborhood security measures

SNGS has already disbursed more than $17,000 to several community organizations, and local groups and events including $2,500 to the Inter Soccer Club, a non-profit organization providing an alternative for families that cannot afford $150 per child per month to play soccer at the highest competitive level. For more information about the Inter Soccer Club, visit  www.intersoccerclubsacramento.org