TRC

Recent News & Press Releases

Press Release

TRC Acquires New Jersey’s Clean Energy Program Contract and Assumes Program Administrator Role

Plan to build on success and enhance energy efficiency benefits

NEW BRUNSWICK, NJ and LOWELL, MA. - Jan. 17, 2017 - TRC Companies Inc. (NYSE: TRR), a recognized leader in engineering, environmental consulting and construction-management services, today announced it has acquired the contract to serve as Program Administrator of New Jersey’s Clean Energy Program™ (NJCEP), which has provided more than $300 million annually in support to homeowners, businesses and government entities upgrading to high-efficiency and renewable energy technology.

“The acquisition of New Jersey’s Clean Energy Program contract supports TRC’s strategy of enhancing our leadership position in the energy efficiency services market,” said TRC Chief Strategy Officer James Stephenson. “In order to prepare for evolving energy policies and economic drivers, TRC continues to broaden its capabilities to support a diverse portfolio of energy sources, including Power, Oil & Gas and Clean Energy.”

All the staff who have been working for the prior NJCEP Administrator, Ameresco Inc. and its wholly owned subsidiary, Applied Energy Group Inc. (AEG), will be joining TRC. Financial terms of the transaction were not disclosed.

“We at TRC are honored to assume our expanded role as the Program Administrator of this exciting program,” said Frank Reilly, TRC Senior Vice President of Energy Efficiency. “We look forward to the opportunity to expand participation in NJCEP, improve cost-effectiveness and deliver excellent service and economic and environmental benefits to New Jersey homeowners, businesses and government entities.”

TRC and AEG anticipate the transition will be seamless, with the same team continuing in its existing role without interruption. TRC’s Energy Efficiency practice is a growing, national leader in the design and implementation of state energy efficiency programs and provides services similar to the administration of NJCEP in several other states.

About New Jersey’s Clean Energy Program (NJCEP)
NJCEP, established on January 22, 2003 in accordance with the Electric Discount and Energy Competition Act (EDECA), provides financial and other incentives to the state’s residential customers, businesses and schools that install high-efficiency or renewable energy technologies, thereby reducing energy usage, lowering customers’ energy bills and reducing environmental impacts. The program is authorized and overseen by the New Jersey Board of Public Utilities (NJBPU), and its website is www.NJCleanEnergy.com.

About TRC
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 power, environmental, infrastructure and oil and gas 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. TRC trades on the NYSE under the symbol TRR. For more information, visit TRC's website at www.TRCsolutions.com, follow us on Twitter @TRC_Companies or find us on LinkedIn.

TRC Media Contact  
Nicole Collins  
Director, Marketing and Communications 
978.656.3594
ncollins@trcsolutions.com

Investor Contact
Sharon Merrill Associates
(617) 542-5300
trr@investorrelations.com


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Press Release

TRC Names Kimberly Demuth as Market Director of Environmental Planning, Permitting and Licensing

Woodinville, WA and Lowell, MA – [January 3, 2017] – TRC Companies Inc., (NYSE: TRR), a recognized leader in engineering, environmental consulting and construction management services, announced today that Kimberly Demuth has joined as Market Director of Environmental Planning. In this role, she will lead the development of the Pacific Northwest Region with the establishment of a Seattle office, as well expanding the environmental planning and permitting services of TRC on a national level.

 “Kimberly is a seasoned professional with more than 35 years of experience in the oil & gas, transportation and energy industries, and her expertise will be invaluable as we build our footprint in the Northwest,” said John Cowdery, TRC’s Environmental Sector Leader. “Kimberly has worked directly with a number of key federal agencies on significant projects, and her knowledge of cultural resources, NEPA and FERC permitting will help us to expand our offerings in those areas. We’re thrilled to have her on the team.”

Throughout her career, Ms. Demuth has managed National Environmental Policy Act Environmental Impact Statements (NEPA EIS) projects, and has successfully completed federal and state permitting for oil and natural-gas pipeline projects. These include the Keystone, Keystone XL, and Alberta Clipper EIS Pipelines projects. Ms. Demuth led tribal and agency NEPA and Section 106 consultation process for the Department of State on each of these projects. She also developed Programmatic Agreement Documents, for each project while working closely with the Advisory Council on Historic Preservation.

 “TRC is widely recognized throughout the industry for their unwavering commitment to environmental preservation,” said Demuth. “I’m looking forward to helping continue this tradition while delivering clients the high level of service that TRC is known for.”

Demuth is a University of California graduate and also holds a Master’s in Historic Preservation of Architecture from the University of Oregon.

About TRC
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 power, environmental, infrastructure and oil and gas 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. TRC trades on the NYSE under the symbol TRR. For more information, visit TRC's website at www.TRCsolutions.com, follow us on Twitter @TRC_Companies or find us on LinkedIn.

TRC Media Contact 
Nicole Collins 
Director, Marketing and Communications 
978.656.3594 


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Press Release

TRC Predicts Big U.S. Infrastructure Push in 2017

Innovative funding mechanisms, project delivery methods will support increased investment

LOWELL, Mass. TRC Companies Inc. (NYSE: TRR), a recognized leader in engineering, environmental consulting and construction-management services, today released its top predictions for the infrastructure sector in 2017, including a significant expansion of investment supported by new financing sources and alternative project delivery methods.

President-elect Trump has backed a $1 trillion, ten-year U.S. infrastructure upgrade program and promised on the night of his election victory the country will be served by “second to none” roads, bridges, tunnels, transit, airports, schools, hospitals, and more.

TRC infrastructure experts anticipate three major trends driving the market in the coming year:

  1. Expect a big – and differently funded – push for infrastructure upgrades. While details will need time to be worked out between the new administration and Congress, all signs indicate Washington is ready to back the first major, multi-year omnibus infrastructure program in years. We see a high likelihood the new administration and Congress will look to some innovative ways of financing projects, including new tax breaks to incentivize private funding of infrastructure, a national Infrastructure Bank providing seed capital for project development, or a combination of both, to complement traditional tax- and toll-funded government and authority bonding.
  2. More than one way to fix a bridge. We foresee interest continuing to grow in 2017 for alternative delivery methods to get projects built more quickly and less expensively: design-build contracts, public-private partnerships, construction manager/general contractor, and hybrid approaches combining elements of all of those. The traditional and time-tested design-bid-build approach will continue to be a robust and primary approach to managing projects. The Commonwealth of Pennsylvania’s innovative 25-year PPP to design, replace, and maintain 558 Keystone State bridges with strict limits on how long they can be closed during work –- no more than 60 to 110 days depending on size -- will be closely monitored by other states where motorists and taxpayers have been frustrated with long delays and disruptions associated with bridge work.
  3. Hot technologies will heat up basic infrastructure management. Though it could be years or decades before driverless cars and trucks are widely adopted, 2017 will see more breakthroughs from driverless transportation research and development reshaping transportation systems. Technology developed to support autonomous vehicles –- and the operational challenges of current highway design they’ve brought scrutiny to –- will propel efforts to improve the layout and operations of today’s roads, such as technology-enhanced systems that make on-ramp merging safer and manage vehicle spacing in places and times of heavy congestion. At the same time, use of drones for oversight of construction projects, inspections, and day-to-day highway operations will grow rapidly in 2017 as more governments and transportation authorities quantify the benefits and design protocols for drone use with the Federal Aviation Administration.

TRC CEO Chris Vincze said: “As more infrastructure in major U.S. metropolitan areas reaches the end of its useful life, TRC is well positioned to play a key role in facilitating upgrades across the country. Today’s ‘road and bridge contractors’ are working with or right next to so many other kinds of infrastructure: Gas, electric, and fiber-optic telecommunications, transmission, and distribution lines; water and sewer pipes; railroad and transit lines; and long-distance oil and gas pipelines. As a recognized leader in managing all aspects of linear construction, TRC provides a fully integrated approach to meet the challenges posed by the kinds of large-scale, complex infrastructure initiatives we expect to grow rapidly next year and beyond.”

TRC’s 4,100 professionals working from 120 locations in the U.S. and United Kingdom include hundreds of engineers and consultants with deep experience in delivering integrated infrastructure projects. The company’s expertise includes highway, roadway, railway and bridge engineering and design, construction management, civil site work engineering geotechnical engineering and drilling, and other related fields critical to successful infrastructure delivery.



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Press release

TRC’s Top 12 Predictions for The Energy Industry in 2017

Robust Dealmaking and Investment, Increased Pipeline Safety and Grid Security

LOWELL, MA, TRC Companies Inc. (NYSE: TRR), a recognized leader in engineering, environmental consulting and construction-management services, today released its top 12 predictions for the energy, utility, and oil and gas sectors for 2017, including robust funding for utility mergers and acquisitions and infrastructure upgrades as well as big shifts in power plant and pipeline construction focus.

TRC CEO Chris Vincze said: “Even as oil and gas prices fluctuate and regulatory policies evolve, we see market drivers remaining very strong for investment in energy system upgrades and environmental and infrastructure work for the ongoing expansion of renewables. Our country has a tremendous need to update antiquated and deficient infrastructure, and that combined with available capital means investment will remain robust in 2017 for everything from renewable power and energy efficiency to utility consolidation and upgrading distribution systems.’’

With national emissions and climate-change regulations likely to change significantly under the new president and Congress, TRC’s energy/utility/oil and gas predictions for 2017 include:

  1. Robust power-generation deal making and M&A activity. Private equity funds have billions of dollars looking for returns, and slow load growth has investor-owned utilities interested in expanding both geographically and from electricity into gas and vice versa. “Interest will remain high in deals for gas-fired generation, wind and solar projects, and even existing coal-fired generation when the price and potential returns are right,’’ said Mark Hall, TRC vice president of power development.

  2. Pipeline construction and maintenance focus shifts. Given current oil and gas supplies and prices, expect pipeline construction activity in the U.S. in 2017 to focus much more on optimization than unbridled expansion: 30-, 40-, and 50-mile projects in various areas to improve the efficiency of delivery networks or meet the needs of specific end-use customers (“demand pull”), not proposals for 300-, 400-, and 500-mile projects to open major new supply flows. Two exceptions: We anticipate a big push to increase gas pipeline capacity from the U.S. Southwest to and through Mexico as the country continues to replace oil-burning electric generating stations with units fired by U.S.-exported gas. Also, with the new White House administration, the Keystone XL pipeline will likely be back on the table. Finally, 2016 incidents will drive stricter regulations (like the U.S. Department of Transportation Pipeline and Hazardous Materials Safety Administration “Mega Rule”) and more aggressive inspection regimes by pipeline operators in 2017.
  3. For pipeline developers, new rules for public engagement.  As dramatized by the protests over the Dakota Access Pipeline Project and environmentalist backlash against pipeline projects generally, we anticipate more proactive public outreach and engagement during the pipeline development process, along with greater adoption of pipeline routing optimization technology to identify the least controversial, most buildable pipeline routes. “Regulatory agencies are under more scrutiny and litigation pressure, so pipeline developers and their technical consultants will have to back up routing optimization with smarter, more proactive communication and education efforts to win public and regulatory support to get projects built,’’ said Scott Reed, TRC vice president of oil and gas.
  4. States are the drivers for efficiency and renewables. With the new administration in Washington taking energy policy in a new direction, look for most momentum for green energy/energy efficiency/demand response policy change to come from states like California, New York, Massachusetts, and New Jersey in 2017.
  5. Microgrids go social, buildings go all-electric. As the transition to an advanced energy system accelerates, we expect to see growing numbers of end users team up in community microgrids that combine multiple, diverse customers – municipal, commercial, residential, and institutional – as unified “islands” of electric load to improve overall reliability, increase the impact of shared energy and efficiency sources, and reduce energy costs. ““Another emerging energy trend in 2017 is with technology maturing and costs declining, more developers of high-performance and zero-net-energy buildings will consider making them all-electric, using solar PV as a major energy source, evaluating integrating energy storage and using heat pumps to replace fossil fuels for heating needs,’’said Carmen Hendrickson, Associate Vice President, TRC Energy Services.
  6. Some regional gas generation plateaus. With gigawatts of new gas-fired generation under construction and development in markets including Pennsylvania, Ohio, and Texas, look for proposals for new gas generation in the PJM and ERCOT grids to taper down by the end of 2017.  As this wave of new capacity there taking advantage of abundant shale gas comes on line, installed generation is approaching economic oversaturation.
  7. More program partners for utility upgrades. In the year ahead, more utilities will recognize they need to turn to a program partner to manage massive upgrade/modernization programs, including replacement of aging infrastructure, compliance with regulatory and emissions mandates, and securing the grid against terrorism and sabotage. The top 15 utilities face $30 billion worth of necessary upgrades, well beyond their in-house capabilities to manage. Partnerships with entities that have deep program management experience will be critical.
  8. On the grid, communication is key. Next year will see significantly increased investment in communications capabilities on the grid, at both the system and substation level, to enable more kinds of electrical equipment to report problems and communicate with other devices to address heightened concerns about grid vulnerability to terrorism and sabotage. Expertise in managing the integration of these devices and technologies into electrical facility design will become more important than ever in 2017.
  9. Decommissioned generator site redevelopment. As more communities see former power plant sites successfully redeveloped into industrial, commercial, retail, maritime and recreational facilities, interest will grow in 2017 in reforms –- like what’s now under way in Pennsylvania –- to define and cap the environmental legal liability for successor plant site owners for contamination related to past generation activity.
  10. Coal ash cleanups. As the EPA’s final rule on “management of coal combustion residuals from electric utilities” has taken effect, lawsuits challenging utilities on their self-certification plans to secure and close coal ash ponds and other disposal facilities have increased. We expect to see a growing chorus in 2017 calling for more uniform and predictable federal and state regulations that can lead to faster, more successful and cost-effective closures without the uncertainty, expense, and delay of litigation.
  11. Forecasting the price of oil will remain an uncertain science: The anticipated production cuts by OPEC and Russia in late 2016 will have a small but positive impact on oil prices. Domestically, U.S. crude oil will likely remain close to $50 per barrel in 2017, barring major geopolitical events that traditionally have caused significant price volatility.
  12. Energy storage. Many electric utilities will ramp up work in 2017 with microgrids and battery storage. But the major factor limiting widespread adoption will be whether and when utilities can get regulators’ approval for ratepayer-funded investments in the technology. “Energy storage raises so many questions for rate design, cost-shifting, impacts on generators, integration with grid operations, and technical compatibility issues that we do not see 2017 being the year of widespread utility-scale adoption, although we do foresee continued pilot storage projects to gain operational experience,’’ said Steve Persutti, TRC vice president of utility development.

TRC and its over 4,000 employees in 120 U.S. and U.K. offices are excited about what promises to be a busy, innovative year for the utility, generation, and oil and gas sectors. Vincze said, “TRC enters 2017 with strong capabilities to deliver solutions for clients throughout the power and oil and gas markets, and we’re continuing to invest in strategic hiring, evolve our service offerings, and identify acquisition opportunities that enhance our technical capabilities and geographical footprint.’’

www.TRCsolutions.com,  follow us on Twitter @TRC_Companies or find us on LinkedIn.


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Press release

TRC’s Linda Kaplan named to “STRUCTURE” Editorial Board

Acclaimed industry journal serves 34,800 practicing structural engineers, industry leaders

PITTSBURGH, PA and LOWELL, MA - [December 12, 2016] - TRC Companies Inc. (NYSE: TRR), a recognized leader in engineering, environmental consulting and construction-management services, today announced that Linda M. Kaplan, P.E., a senior structural engineer and project manager in TRC’s Pittsburgh office, has been named to the Editorial Board of STRUCTURE, the premier industry journal for practicing structural engineers.

A joint publication of the National Council of Structural Engineers Associations (NCSEA), Structural Engineering Institute (SEI), and Council of American Structural Engineers (CASE), STRUCTURE reports on unique structural solutions, project overviews, technical updates, and in-depth code reviews, with all articles reviewed by its editorial board of 14 practicing professionals. The monthly magazine reaches more than 34,800 practicing structural engineers and more than 3,000 detailers, fabricators, and related industry professionals.

Ms. Kaplan has worked on several major infrastructure projects including the 1,600-foot Hulton Bridge replacement in Allegheny County, Penna.; Squirrel Hill Tunnel rehabilitation in Pittsburgh; Maryland Transit Administration Purple Line preliminary design; and Washington Metropolitan Area Transit Authority pier retrofits. She is also the co-author, with Thomas Leech, of the 2016 book “Bridges … Pittsburgh at the Point … A Journey Through History.”

TRC Senior Vice President and Infrastructure Sector Leader Mark E. Lynch Jr. said: “All of us at TRC are proud and delighted to see Linda honored with this prestigious editorial board appointment at the most respected publication for structural engineers. Linda’s a leading example of the experience and excellence of our strong and growing TRC practice serving clients in structural engineering, bridge design, and infrastructure improvement.”

At TRC’s Pennsylvania offices in Harrisburg and Pittsburgh, TRC has increased staff by over 65 percent in the past year to serve an expanding roster of clients in everything from bridge replacements to large structures and independent structural analysis.

Barry Arnold, P.E., S.E., SECB, chairman of STRUCTURE’s editorial board, said in announcing the appointment: “It is a great pleasure to welcome Linda to the editorial board. She has extensive experience in writing and editing and is passionate about supporting and improving the profession … and will be a great addition to the STRUCTURE magazine team.”



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Press Release

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.

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.

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Press Release

TRC Names Brenda Reynolds as Vice President of Human Resources

Lowell, Mass. – July 18, 2016 – TRC Companies, Inc. (NYSE: TRR), a recognized leader in engineering, environmental consulting and construction-management services, announced today that Brenda Reynolds has joined as Vice President of Human Resources. In this role, she will lead TRC’s HR organization to advance TRC’s position as the employer of choice in the engineering and construction industry.

“As a human resource executive with more than 25 years of experience in multiple global industrial businesses, Brenda brings a new level of expertise to our team, and a seasoned perspective into the industries we serve,” said Chris Vincze, TRC’s Chairman and Chief Executive Officer. “Brenda has demonstrated a deep understanding of the markets we serve, and has consistently implemented strategies to improve the positive impact of senior leadership, especially with regard to organizational development and growth positioning. She will partner with our operating leaders to create an exciting platform for expanding our business. We look forward to her contributions toward our goals of profitable growth and performance excellence.”

Prior to joining TRC, Reynolds worked at General Electric (GE) for 26 years, most recently serving as the Senior Executive of Human Resources, where she led the function for an $8 billion global business with more than 11,000 employees. Working with the CEO and CFO, Reynolds led a turn-around in GE's Gas Power business and designed a new organizational structure to support business globalization and culture change. As a business partner, she successfully coached executives and project managers to improve leadership impact.

“TRC’s track record is unsurpassed, with a consistent dedication to client service, growth opportunities and a staff known throughout the industry for their expertise in each of their key market sectors,” said Reynolds. “I look forward to applying my experience and perspective to help TRC continue to build its reputation for excellence.”

Reynolds holds a Bachelor of Science in Industrial & Labor Relations from Cornell University.


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TRC Names Jeffrey D. Wiese Vice President and National Practice Leader for Pipeline Integrity Services

Lowell, Mass. – May 31, 2016 – TRC Companies, Inc. (NYSE: TRR) announced today that Jeff Wiese has joined as Vice President and National Practice Leader for Pipeline Integrity Services. In this role, he will lead the management and delivery of Geographic Information Systems (GIS) and Integrity solutions that help clients develop, operate and maintain critical energy infrastructure safely and reliably.

“With more than 25 years of industry experience, Jeff’s knowledge and relationships will be invaluable to our clients as they face increasing pipeline integrity management demands,” said Chris Vincze, TRC’s Chairman and Chief Executive Officer. “The perspective and insight Jeff brings will support the growth of our already strong team and help our clients meet regulatory requirements and business goals.”

Prior to joining TRC, Wiese served as Associate Administrator for the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA), where he directed 350 employees and executed a budget of roughly $200 million. In this capacity, he collaborated across the Department of Transportation, with Executive Branch agencies, Congressional committees and oversight offices, pipeline companies, major pipeline trade organizations, state government representatives, public and private sector emergency responders, and public safety and environmental advocates.

Throughout his 17-year career with PHMSA, Wiese managed a range of programs, including strategic direction; personnel and budget development and oversight; data-driven and risk-based regulatory inspection and enforcement; research programs; land-use management practices; excavation damage prevention; oil spill preparedness and response; continuity of operations and government activities and two Federal Advisory Committees.

“TRC’s integrated technology and market-leading solutions, combined with Jeff’s regulatory background, will provide our customers with unparalleled service offerings,” said Ed Wiegele, Senior Vice President of Oil and Gas.

“As one of the only firms in the nation to offer full-lifecycle pipeline and integrity services to mid-sized clients, TRC’s reputation in the industry is unsurpassed,” said Wiese. “I look forward to joining the team and providing innovative pipeline integrity solutions to clients.”

Wiese is an active member of the Common Ground Alliance, where he serves as a member of the Board. He is also a member of the External Advisors Group for the Center for Offshore Safety. He holds a B.A. in General Science from Grinnell College and an M.A. in Marine Affairs from the University of Rhode Island.


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ENR Top 500

TRC Rises in Ranking on ENR Top 500 Design Firms

Engineering News-Record has released its annual ranking of Top 500 Design Firms, placing TRC at #30. TRC was also ranked on the Top 20 Design Firms for the Power and Hazardous Waste sectors. For more information, please download TRC's coverage in the Top 500 issue.

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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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