LOWELL, MA--(Marketwire - January 19, 2011) - TRC Companies, Inc. (NYSE: TRR) today announced that it has received one of six grants awarded by the New Hampshire Public Utilities Commission (PUC) for programs to reduce greenhouse gas emissions generated in the State. TRC will use the $5 million award to implement its "Pay for Performance" energy efficiency program for large commercial and industrial facilities.

"TRC is excited to expand its role in providing energy efficiency services to the State of New Hampshire," said Chris Vincze, Chairman and Chief Executive Officer. "We look forward to providing results New Hampshire can rely on to meet its energy and environmental obligations under the Regional Greenhouse Gas Initiative."

The Pay for Performance program, which also operates in New Jersey, takes a comprehensive, whole-building approach to reducing energy use while linking incentives directly to energy savings. The Program will develop a network of qualified Partners who provide technical services under direct contract to building owners. Partners will develop an Energy Reduction Plan for each project that includes a traditional energy audit, a financial plan for funding the energy efficient measures, and a construction schedule for implementation of the facility improvements. An energy verification component ensures a minimum source energy savings of 15 percent. The program is expected to reduce carbon dioxide emissions in New Hampshire by an estimated 147,388 metric tons. 

The PUC grants are funded by the Greenhouse Gas Emissions Reduction Fund, which consists of proceeds from the auction of carbon allowances through New Hampshire's participation in the Regional Greenhouse Gas Initiative (RGGI). RGGI is an effort by 10 Northeastern and Mid-Atlantic states to reduce emissions of greenhouse gases from the electric power sector.

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, 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 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 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 TRC's ongoing IRS audit, if not resolved successfully; 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; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See additional discussion in TRC's Annual Report on Form 10-K for the fiscal year ended June 30, 2010, 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.

Contact Information:

Company Contacts:
Angela Cincotta
(978) 656-3594

Catherine Stanley
(978) 656-3538

Investor Contact:
Sharon Merrill Associates
(617) 542-5300