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SMALL BUSINESS
New Hampshire Public Utilities Commission Selects TRC to Support Energy Efficiency Efforts in Schools
TRC Companies, Inc. (NYSE: TRR) today announced that it has been awarded a $500,000 grant by the New Hampshire Public Utilities Commission (NH PUC) to provide energy benchmarking services to the state’s K-12 schools. The project is being funded by the Regional Greenhouse Gas Initiative to help the NH PUC achieve its goal of reducing carbon emissions through energy efficiency.
The New Hampshire EnergySmart Schools Program will use TRC’s Building Energy Performance System to generate reports describing energy use and associated carbon emissions for each K-12 school building and compare results across the state. The results will also be compared with buildings in the EPA Portfolio Manager Program, allowing qualified schools to earn the ENERGY STAR label.
“We are very excited to have TRC Energy Services bring their schools benchmarking program to New Hampshire,” said Jack Ruderman, Director of the Sustainable Energy Division of the NH PUC. “This initiative is perfect for helping us reach the State’s goal of reducing greenhouse gas emissions and making energy more affordable.”
TRC expects to benchmark 250 schools throughout New Hampshire over two years. The project will help the State document the year-to-year impact of energy efficiency and renewable energy programs, as well as to determine which initiatives have the greatest effect on reducing energy usage. It will also allow the NH PUC to track energy savings into the future.
This is TRC’s first energy efficiency program in the state of New Hampshire. TRC is currently benchmarking schools in New York, New Jersey and Pennsylvania and has previously benchmarked schools in Texas and Wisconsin.
About TRC
TRC creates and implements sophisticated and innovative solutions to the challenges facing America's environmental, energy and infrastructure markets. The Company also is a leading provider of technical, financial, risk management, and construction services to commercial and government customers across the country. Headquartered in Lowell, MA, TRC has approximately 2,600 employees and more than 70 domestic offices. For more information, visit TRC's website at www.TRCsolutions.com.
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 our future expectations, contain projections of our future results of operations or of our financial condition, or state other "forward-looking" information. We believe that it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to accurately predict or control and that may cause our actual results to differ materially from the expectations we describe in our 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 availability and adequacy of insurance; the uncertainty of our operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments, including potential payments related to our ongoing IRS audit, if not resolved successfully; regulatory uncertainty; the availability of funding for government projects; the level of demand for our services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See additional discussion in our Annual Report on Form 10-K for the fiscal year ended June 30, 2009, Quarterly Reports on Form 10-Q, and other factors detailed from time to time in our other filings with the Securities and Exchange Commission.