SOURCE: TRC Companies, Inc.
LOWELL, MA--(Marketwired - Mar 27, 2014) - TRC Companies, Inc. (NYSE: TRR) has completed a project to evaluate three residential energy efficiency programs offered by Idaho Power, an electric utility serving more than 500,000 customers in southern Idaho and eastern Oregon. TRC's energy efficiency evaluators reviewed the utility's Heating and Cooling Efficiency Program, Residential Lighting Program and the Northwest ENERGY STAR Homes Program to study their effectiveness and recommend improvements that will help Idaho Power and its customers achieve greater energy savings.
"TRC commends Idaho Power for its commitment to excellence and continuous improvement of its energy efficiency programs," said Chris Vincze, Chairman and Chief Executive Officer. "Our experts have been instrumental in shaping dozens of similar programs across the U.S., helping utilities meet efficiency goals and reducing energy bills for their customers."
As part of the project, TRC conducted in-depth interviews with Idaho Power staff, regional program partners and trade allies -- including builders, contractors, raters, lighting manufacturers and retailers and other stakeholders. TRC also reviewed customer survey feedback and compared the utility's programs to established best practices. TRC compiled its findings into a report documenting program successes, identifying barriers and providing recommendations for program improvements to help Idaho Power, its trade allies and its customers meet future market needs.
"It's important for Idaho Power to provide its customers with programs and information that help them manage their energy use through the administration and careful management of energy efficiency programs," said Gary Grayson, Idaho Power Energy Efficiency Evaluator. "The knowledgeable and responsive professionals at TRC provided us with comprehensive program process evaluations along with viable, best practice recommendations that will help us improve the efficiencies of these programs."
TRC's energy efficiency experts collaborate with clients to achieve deep and continuous energy savings across multiple sectors including homes, schools and businesses. TRC is a leader in energy efficiency program design and implementation, program evaluation, building energy codes and standards development, code compliance support and energy efficiency technologies research.
A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, consulting and construction management firm that provides integrated services to the energy, environmental and infrastructure markets. TRC serves a broad range of clients in government and industry, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information and updates from the Company, visit TRC's website at www.TRCsolutions.com and follow TRC on Twitter and Stock Twits at @TRC_Companies and on LinkedIn.
Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. You should consider statements that contain these words carefully because they discuss TRC's future expectations, contain projections of the Company's future results of operations or of its financial condition, or state other "forward-looking" information. TRC believes that it is important to communicate its future expectations to its investors. However, there may be events in the future that the Company is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the uncertainty of TRC's operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments; regulatory uncertainty; the availability of funding for government projects; the level of demand for TRC's services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; the availability and adequacy of insurance; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See the risk factors and additional discussion in TRC's Annual Report on Form 10-K for the fiscal year ended June 30, 2013, Quarterly Reports on Form 10-Q, and other factors detailed from time to time in the Company's other filings with the Securities and Exchange Commission.