SOURCE: TRC Companies, Inc.

TRC Companies, Inc.

July 09, 2013 09:00 ET

TRC Continues Work to Deepen Energy Savings in New Multi-Family Homes

Company Supports Market Transformation to Reach California's Net Zero Goals

LOWELL, MA--(Marketwired - Jul 9, 2013) - TRC Companies, Inc. (NYSE: TRR) has been awarded a contract to continue its implementation of the California Multi-family New Homes (CMFNH) energy efficiency program through 2014.

The $5.5 million contract was awarded by Pacific Gas and Electric Company (PG&E). With the ultimate goal of transforming the multi-family new construction market in California and helping to achieve California's net zero goals, TRC will help multi-family new construction developers in central and northern California achieve greater energy savings through design.

"CMFNH's energy efficiency program serves as a model for its far-reaching, long-term effectiveness," said Chris Vincze, Chairman and Chief Executive Officer of TRC. "We look forward to providing continued support that helps achieve deep energy savings in new multi-family homes and greenhouse gas reductions for the environment."

TRC's energy efficiency experts have supported the CMFNH program since 2006, delivering sustainable solutions with positive environmental and financial impacts to the residents of California. In the next three years, CMFNH expects at least 8,500 dwelling units to complete construction that are currently enrolled in the program. Collectively, the units are expected to receive more than $3.4 million in incentives as a reward for their expected energy savings. 

From inception to date, CMFNH has saved 3.7 million kWh, 3,300 kW, and 731,000 therms in installed energy savings. It has distributed more than four million dollars in incentives to 226 projects that achieve an average of 26 percent better than the Title 24 Standards. The program promotes changes such as optimized building operations, minimized building loads, and improved system efficiencies. It is funded by California utility customers and administered by PG&E under the auspices of the California Public Utilities Commission.

About TRC
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 at @TRC_Companies and on LinkedIn.

Forward-Looking Statements
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, 2012, 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.

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