TRC

Recent News & Press Releases

Press Release

TRC Selected by PSNC Energy for Second Phase of Natural Gas Pipeline Replacement and Upsizing Project

Company to continue project role following successful completion of Phase I

Lowell, Mass. – April 22, 2016 – TRC Companies, Inc. (NYSE: TRR), a recognized leader in engineering, environmental consulting and construction-management services, has been selected by PSNC Energy, a SCANA company, to provide $12.4 million of additional engineering design, mapping, right-of-way and surveying services for the second phase of a natural gas pipeline replacement and upsizing project in North Carolina. When complete, the project will result in improved line integrity, enhanced safety and additional capacity for economic development using clean-burning gas.

“We are proud to continue our relationship with PSNC Energy, especially on a project that supports the structural integrity of such an important pipeline,” said Chris Vincze, Chairman and Chief Executive Officer of TRC. “Participating in the entirety of this project has enabled TRC to showcase our expertise across a number of practices. We’re honored to have been selected again based on our efforts during the first phase.”

TRC is continuing to participate in the first phase of the project, which involves the removal and replacement of 26 miles of existing pipelines. Phase I began in January 2015 and is expected to be in-service in June 2016. During the second phase of the project, which involves the installation of 46 miles of a new, larger pipeline, TRC will support PSNC with respect to design and documentation for future integrity maintenance. Planning for Phase II began in March 2016, and construction is expected to be complete in the fall of 2017.

“The new pipeline system will benefit not just our company, but the entire surrounding community,” said Andrew Moore, Manager of Operations for PSNC Energy. “TRC has been an integral part of this project since day one, and we’re looking forward to working with them to successfully bring the next phase online.”

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, 2015, and other factors included from time to time in the Company's other subsequent filings with the Securities and Exchange Commission.

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Press Release

TRC Provides Engineering Support for Renewable Energy Project in Nevada

Company designed high-voltage interconnection for 250MW solar farm

LOWELL, MASS. – March 31, 2016 -- TRC Companies, Inc. (NYSE: TRR) has completed a project with Wilson Construction Company to design, procure and construct a 250MW photovoltaic installation located in Primm, Nevada, on the California border. TRC performed the high-voltage electrical design needed to connect the solar facility into the Southern California transmission system. The project is expected to provide enough renewable energy to power 80,000 homes.

“Renewable energy is an increasingly important part of the electric supply system in California, and TRC is proud to have supported this project,” said David Zarider, Senior Vice President for TRC. “This work represents a significant expansion of our energy engineering design expertise for renewable projects in the Western U.S. We are committed to helping our clients achieve success with projects that enhance reliability and support the incorporation of renewable resources into the energy mix.”

As a subcontractor to Wilson, TRC provided all design and engineering necessary to complete the project. Wilson performed project management, equipment procurement and physical installation of the 34.5kV collection system, 230kV substation, and 230kV Gen-Tie Transmission Line.

“Wilson is honored to be part of this project,” said Ted Leineke, Vice President of Substation Construction for Wilson Construction. “We are committed to teaming with effective partners such as TRC and look forward to working together on additional projects.”


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Press Release

TRC Selected by PennDOT to Provide Construction Inspection Services Statewide

Company will support critical upgrades to aging roads and bridges LOWELL,

LOWELL, MASS. – Feb. 23, 2016 – TRC Companies, Inc. (NYSE: TRR) today announced it has been awarded a five-year, $19.8 million contract by the Pennsylvania Department of Transportation (PennDOT), to provide construction inspection services for precast and prestressed concrete products used on roadway and bridge projects across the state. The work will support the inspection of new structures being installed to replace and upgrade aging infrastructure systems throughout Pennsylvania.

“This award extends our 25-year relationship with PennDOT, and we are pleased to continue our role in support of important infrastructure upgrade projects across the state,” said Scott Gallaher, P.G., Principal of Construction Engineering and Inspection Services for TRC. “These efforts will help to address structurally deficient bridges throughout Pennsylvania, greatly enhancing the safety and quality of the state’s highway system.”

The project will include fabrication shop inspection by a staff of approximately 22 highly specialized TRC construction inspectors with expertise in prefabricated concrete. Specific items that will receive regular inspection include drainage elements, median barriers, earth retaining walls, bridge superstructures, pre-stress beams, large special design pipes and various other items. TRC will also support PennDOT with specification writing, technical analytics and program consultation.


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Press Release

TRC Honored for Business Achievement

Company recognized for growth and service to the Power and Oil & Gas markets

TRC Companies, Inc. (NYSE: TRR), a recognized leader in engineering, environmental consulting and construction-management services to the energy, environmental, infrastructure and pipeline markets, is proud to announce it has been recognized with two Business Achievement awards from The Environmental Business Journal for 2015 in the categories of Mergers and Acquisitions and New Practice Areas. The Company was recognized for two strategic acquisitions that significantly advanced its profitable growth strategy in both the Power and Oil & Gas markets and won a second award for its accomplishments decommissioning coal power plants.

“TRC is proud to be recognized by the Environmental Business Journal,” said Chris Vincze, Chairman and Chief Executive Officer. “Investing in complementary businesses with strong market fundamentals is a key part of our strategy for continued profitable growth and performance excellence. We are committed to streamlining efficiencies nationwide and expanding our technical breadth and geographical reach to support our environmental and energy clients.”

TRC grew significantly in 2015, most notably through the acquisition of Willbros Professional Services, based in Tulsa, Okla., which brought more than 700 employees and generated $200 million in revenue in 2014. It established the Company’s fourth operating and reporting segment, Pipeline Services. TRC is now one of the nation’s only providers of end-to-end solutions for the Oil & Gas industry, from up-front environmental permitting and remediation through pipeline engineering, EPC, construction management, field services, integrity and data management services. In addition, the acquisition of Georgia-based X-Line Inc., a 40-employee firm, expanded TRC’s position in the distribution engineering and design space throughout the Southeast. In total, TRC has made 11 acquisitions since 2011, all contributing to compounded annual revenue growth of more than 15%.

In the category of New Practice Areas, TRC was recognized for its extensive work supporting the decommissioning of coal power plants. The firm provided plant owners with engineering, permitting and construction services for seven such projects in 2015 and 20 since 2008. In so doing, TRC supported the development of new, efficient gas-turbine power plants, sped the transition to a cleaner electricity supply and helped achieve greenhouse gas reductions. In 2015, TRC supported National Grid in replacing two coal-oil-gas steam-turbine generating stations in New York with new gas-turbine technology. For these projects, TRC provided health, safety and environmental plans; pre-demolition surveys; plans and specifications; procurement; and construction support services.

The Environmental Business Journal recognizes outstanding business performance in the environmental industry with its annual Business Achievement Awards. In 2015, it honored 56 companies for revenue growth, acquisitions, innovative project designs, technology applications, new practice areas, social contributions and industry leadership. The awards will be presented at a special ceremony during the Environmental Industry Summit XIV in San Diego, Calif. on March 9-11, 2016.


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TRC’s Carmen Henrikson Elected to Board of California Energy Efficiency Industry Council

LOWELL, MASS. – Feb. 10, 2016 – TRC Companies, Inc. is pleased to announce the election of Carmen Henrikson, Associate Vice President of Energy Services in Oakland, California, to the Board of Directors of the California Energy Efficiency Industry Council (Efficiency Council). Henrikson will serve on the Board’s 2016 Executive Committee as Treasurer.

“As a long-standing member and supporter of the Efficiency Council, TRC can attest to the extraordinary value and strong voice this organization provides its members,” Henrikson said. “I am honored to join the Board and work with our energy allies to advance the Council’s inspiring vision over the next several years.”

The Efficiency Council is California’s primary business voice for the energy efficiency and demand response industries. It represents member companies through support for efficiency policies, programs and technologies that foster sustainable jobs, long-term economic vitality, stable and reasonably priced energy systems and environmental improvement for all Californians.

With integrated business development, energy policy and program delivery experience, Henrikson will work with the Board to implement the Efficiency Council’s recently adopted Strategic Plan. Henrikson’s career in California’s energy efficiency and demand response industry includes 15 years of collaborating with investor-owned utilities, public agencies and industry allies in a rapidly changing energy environment. She holds both an MBA from the University of Michigan’s Ross School of Business and an MSc in Natural Resource Policy as part of the University of Michigan’s Erb Institute.

About the Efficiency Council

Formed in 2009, the California Energy Efficiency Industry Council (Efficiency Council) is a 501 (c)(6) trade association representing non-utility businesses that provide energy efficiency and demand response services and products in California. The Efficiency Council brings the business voice to regulatory, legislative and policy forums throughout the state to promote energy efficiency and demand response.


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TRC Becomes Major Tulsa Employer With Acquisition of Willbros Professional Services

TRC and Chamber of Commerce Open House Draws City Officials for Formal Welcome


From left to right: County Commissioner Karen Keith; Mike Neal, CEO Tulsa Regional Chamber; Tulsa Mayor Dewey F. Bartlett; Ed Wiegele, SVP and Pipeline Services Sector Director, TRC; Chris Vincze, Chairman & CEO, TRC; Lannie McNeill, Senior Technical Advisor, TRC

– January 20, 2016 – TRC Companies, Inc. and the Tulsa Regional Chamber today hosted an open house and ribbon-cutting ceremony, to welcome the Willbros Professional Services staff to the TRC family and to introduce the newly expanded company to the greater Tulsa community. During the event, Tulsa Mayor Dewey F. Bartlett Jr., TRC leadership and local government officials discussed the impact of the acquisition for the Tulsa community and for the Company’s clients.

TRC, a recognized leader in engineering, environmental consulting and construction-management services, acquired the professional services business segment of Willbros late last year. The new TRC business unit, “Pipeline Services,” positions TRC as the leading provider of end-to-end solutions in both the power and oil & gas markets.

Speakers at the event included Dewey F. Bartlett Jr., Mayor of the City of Tulsa; Mike Neal, President and CEO of the Tulsa Regional Chamber; Chris Vincze, Chairman & CEO of TRC; Ed Wiegele, Senior Vice President and Pipeline Services Sector Director at TRC (formerly President of Willbros Professional Services); and Scott Pruitt, Oklahoma Attorney General.

“We couldn’t be happier to be here in Tulsa today, welcoming our new colleagues and introducing TRC to the community,” Vinzce said. “The merger of our organizations is transformational for both of our businesses. We are truly ‘better together,’ with expanded capabilities to serve the oil and gas market at a time when cleaner natural gas solutions are pivotal to our collective energy future. We are focused on providing immediate and long-term value to all of our clients and are committed to helping the Tulsa business community continue to grow.”

“Tulsa is home to several major industries, including oil and gas, and the region has the greatest growth and employment concentration in the country,” Neal said. “We are confident TRC will be a valuable partner as we continue to expand our workforce and boost economic development for years to come.” 

Headquartered in Tulsa, OK, and led by Ed Wiegele, TRC Pipeline Services has approximately 750 employees in nine offices nationwide. It has a premier reputation as a provider of innovative pipeline and facilities engineering, EPC/EPCM, field services and integrity services to the oil and gas transmission and midstream markets, as well as at government facilities. The segment’s 2014 gross revenue was approximately $209 million. 


A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, environmental consulting and construction management firm that provides integrated services to the energy, environmental, infrastructure and pipeline services 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 at @TRC_Companies and on LinkedIn.

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Tulsa World: "Ceremony celebrates TRC's expansion to Tulsa"

The banner stretched across the front doors of 2087 E. 71st St. on Wednesday morning read “Better Together — TRC and Willbros Professional Services.”

And together Chris Vincze, chairman and CEO of Massachusetts-based TRC Companies Inc., and Ed Wiegele, a former Willbros employee and current senior vice president of TRC Pipeline Services, cut the ribbon.

Read the full article and event coverage on the Tulsa World website. 

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PennEnergy: "Better Together: TRC makes Willbros Professional Services acquisition official"

TRC Companies, Inc. and the Tulsa Regional Chamber hosted an open house and ribbon-cutting ceremony to welcome the Willbros Professional Services staff to the TRC family, and to introduce the newly expanded company to the greater Tulsa community.

TRC, a recognized leader in engineering, environmental consulting and construction-management services, acquired the professional services business segment of Willbros late last year. The new TRC business unit, "Pipeline Services," positions TRC as the leading provider of end-to-end solutions in both the power and oil & gas markets.

Read more in the full PennEnergy article here.

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Press Release

TRC Teams With BQ Energy for Award-Winning Solar Installation

TRC Teams With BQ Energy for Award-Winning Solar Installation

LOWELL, MA--(Marketwired - Jan 13, 2016) TRC Companies, Inc. (NYSE:TRR), a recognized leader in engineering, environmental consulting and construction management services to the energy, environmental and infrastructure markets, is pleased to have teamed with BQ Energy to develop the PatterSun solar installation, a project that recently received a 2015 Chairman's Award from The Business Council of New York. The project is a Megawatt-scale solar energy farm constructed on the surface of a capped landfill in Patterson, New York in Putnam County. It's the first of its kind to be constructed on a municipal solid waste landfill in the state. TRC originally completed the first project of this nature in Massachusetts and now performs similar services throughout the entire country.

"TRC is committed to supporting the development of innovative solutions that encourage clean energy, energy reliability and environmental sustainability, and we're very proud to have been part of the project team for this venture," said Chris Vincze, Chairman and Chief Executive Officer. "The PatterSun project is groundbreaking in the way that it allows both the solar farm and the underlying landfill to coexist, creating a dual-purpose facility that will provide continued, tangible benefits to residents of the state."

To ensure the project came to fruition, TRC led the environmental permitting, engineering design and landfill oversight and worked closely with the New York State Department of Environmental Conservation (NYSDEC) and the New York City Department of Environmental Protection (NYCDEP), to obtain approval to construct solar arrays through two phases of installations on a former municipal solid waste landfill site. To comply with all permitting regulations, the project deployed above-ground ballasted foundations, which prevent contact between the solar farm and the underlying waste material.

Due to the Town of Patterson's location in the New York City watershed, TRC also developed a Stormwater Pollution Prevention Plan, which was reviewed and approved by NYCDEP, to ensure that the solar design would limit impact to the existing landfill.

The PatterSun landfill solar project contains over 3,000 individual solar panels, and in the first months of production, generated 918 Megawatt-hours of energy. By comparison, the same level of power production would have required 698 tons of CO2, 28 tons of methane and 455,095 gallons of water.

The Business Council of New York State, Inc., is the leading business organization in New York State, representing the interests of large and small firms throughout the state. Its membership is made up of thousands of member companies, as well as local chambers of commerce and professional and trade associations. Though 72 percent of their members are small businesses, they also represent some of the largest and most important corporations in the world, including IBM, Verizon, Eastman Kodak, Citigroup, JP Morgan Chase, Corning, Pfizer and many more. All told, Business Council members employ more than 1.2 million New Yorkers. For more information please visit www.bcnys.org or contact at 518.465.7511.

BQ Energy is a worldwide leader in renewable energy projects on brownfields and landfills, and was founded in 2002. They have developed award winning renewable energy projects throughout the US. Solar projects in operation and construction and development on landfills and brownfield in New York State, Connecticut, Massachusetts, and Maryland. They have developed over 100 MW of wind based projects on brownfields in the US and in Europe. BQ Energy projects are featured prominently in publications by the US EPA and various State agencies as well. BQ Energy is based in Poughkeepsie, NY. For more information please visit www.bqenergy.com or contact at 845.473.0300.

A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, environmental consulting and construction management firm that provides integrated services to the energy, environmental, infrastructure and pipeline services 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 at @TRC_Companies and on LinkedIn.

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TRC Completes Environmental Permitting for One of Nation’s Largest Coal-to-Natural Gas Power Conversion Projects

1,100+ MW Hummel Station Facility Expected to Be Online in 2018

LOWELL, Mass. (Jan. 7, 2016) TRC Companies, Inc. (NYSE: TRR) today announced that it was responsible for providing air and water permitting services for Panda Hummel Station, one of the largest coal-to-natural gas power conversion projects in the United States. Located in Shamokin Dam in Snyder County, Pennsylvania, Hummel Station will be an efficient, natural gas combined cycle generating facility. It will replace the 65-year-old retired Sunbury coal-fired steam electric generating plant, which was permanently shut down in 2014. Hummel Station was developed by Panda Power Funds and Sunbury Generation LP, in a joint venture. The project was financed at the end of October 2015.

“TRC is proud to support the development of this clean energy project,” said Chris Vincze, TRC Chairman and CEO. “We are committed to providing high-quality services that not only satisfy our clients’ needs to provide more reliable, cost effective and clean energy, but also promote a more sustainable environment for the entire community.” 

When Hummel Station comes online in early 2018, the plant will supply major power markets, including Philadelphia and New York. The project is expected to create hundreds of jobs, power approximately 1 million homes, decrease emissions of SO2 and NOx by more than 90 percent, and use 97 percent less cooling water than the retired, coal-fired power plant. 

Siemens Energy will provide the power island package and Bechtel Power Corp. will serve as the Engineering, Procurement, Construction (EPC) contractor for the 1,100+ MW Hummel Station. The generating station will interconnect to pipelines with access to the Marcellus Shale gas formation.

TRC has been providing environmental consulting services to Sunbury Generation LP since 2006, having secured permits and approvals for a voluntary pollution control project at its now-retired, coal-fired power plant. In 2011, TRC began providing air and water permitting services in support of the coal-to-natural gas power conversion project. TRC secured one of the most critical pre-construction permits, the necessary air Plan Approval, by preparing the air emissions calculations and air permit application and participating in regulatory outreach with the Pennsylvania Department of Environmental Protection.

A leader in providing multimedia licensing and environmental services for the power generation sector, TRC has provided environmental and air quality permitting services for tens of thousands of megawatts of natural gas-fired power generation projects developed by independent power producers and utilities.


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