SOURCE: TRC Companies, Inc.

TRC Companies, Inc.

July 29, 2016 09:00 ET

TRC Supports Clean Line Energy to Bring Renewable Energy to Mid-South and Southeast

TRC Will Provide Land Acquisition and Survey Services for One of the Largest Clean Energy Infrastructure Projects in the U.S.

LOWELL, MA--(Marketwired - Jul 29, 2016) - TRC Companies, Inc. (NYSE: TRR) today announced that it has been awarded a $12 million contract by Clean Line Energy to provide land acquisition services, survey permissions and overall project management for the Plains & Eastern Clean Line transmission project. The Plains & Eastern Clean Line is one of the largest clean energy infrastructure projects in the country. It will provide a pathway for 4,000 megawatts of low-cost wind power to be delivered from Oklahoma to the Mid-South and Southeast. The agreement between Clean Line Energy and TRC, which has a major office located in Tulsa, furthers Clean Line's commitment to working with local suppliers.

"Clean Line Energy's mission of building modern energy infrastructure closely aligns with our own core values of sustainability, including our commitment to grow our clean energy services year over year," said Chris Vincze, Chairman and Chief Executive Officer. "The 700-mile transmission line will improve the U.S. electric grid, support economic development and job growth, and make safe, reliable and lower-cost power available to consumers."

TRC will provide program management, acquisition of environmental and cultural survey consents, and acquisition support. It also will be communicating with landowners across the route to educate them about the benefits of the project.

"TRC is a critical partner for us as we look to construct the Plains & Eastern Clean Line. We are pleased that we found a partner with a footprint in Oklahoma to further our land acquisition efforts," said Michael Skelly, President of Clean Line Energy. "Our commitment to fair and transparent dealings with all landowners will be well-served by the highly experienced staff that TRC brings to the table."

"We're thrilled to see the positive economic impact on northeast Oklahoma through this partnership between TRC and the Plains & Eastern Clean Line," said Mike Neal, President and CEO of the Tulsa Regional Chamber. "We have long supported the Plains & Eastern Clean Line as a unique opportunity to bring together private investment, proven technology, public benefits and government leadership to meet the growing need for reliable transmission infrastructure."

Construction is expected to start in 2017 and to be complete and operational in 2020.

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, infrastructure and pipeline markets. TRC serves a broad range of commercial, industrial and government clients, 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 StockTwits at @TRC_Companies and on LinkedIn.

About Clean Line Energy Partners
Clean Line's mission is to connect abundant, renewable energy resources to areas that have a high demand for clean, reliable energy. Clean Line is developing a series of transmission projects to move renewable energy to market. For more information, please visit www.CleanLineEnergy.com.

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