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TRC Selected by the State of New Hampshire to Support Distribution of ARRA Funds


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© Business Wire 2009
2009-12-09 22:09:36 -

TRC Companies, Inc. : (NYSE: TRR) today announced that it has been selected by the State of New Hampshire to issue and manage subgrants - worth more than $6 million - to local communities for projects that increase energy efficiency, reduce greenhouse gas emissions and advance the development of renewable energy systems. The subgrants are funded through the Energy Efficiency and Conservation Block Grant Program (EECBG), which is supported by the American Recovery and Reinvestment Act (ARRA).

“The ARRA funds will help entities across New Hampshire reduce their energy use and, ultimately, save money,” said Frank Reilly, TRC’s Vice President of Energy Services. “We look forward to participating in the selection process and supporting the award recipients in an

effort to achieve the greatest savings possible. It is promising to see stimulus funding dedicated to energy efficiency, an area where TRC has considerable expertise and offers a number of services.”


As EECBG Program Manager, TRC will support the New Hampshire Office of Energy and Planning by.

- Creating a structure and requirements for the subgrant program;
- Developing and implementing an application selection process;
- Educating and informing municipalities about the grant opportunity;
- Assisting with the award selection process;
- Overseeing the program’s progress and compliance with state goals; and
- Collecting and reporting on jobs created and retained, energy saved and emissions reduced.

This project represents an expansion of TRC’s services in New Hampshire.

The Company is currently supporting the New Hampshire Public Utilities Commission and the New Hampshire Department of Education to document and analyze the energy use and associated carbon emissions for K-12 public and private schools across the State. The results will help the State reach its greenhouse gas reduction goals and determine which efficiency programs have the greatest impact.


About TRC

TRC creates and implements sophisticated and innovative solutions to the challenges facing America's environmental, energy and infrastructure sectors. The Company also is a leading provider of technical, financial, risk management, and construction services to commercial and government customers across the country. 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.

Company Contacts:Angela Cincotta, 978-656-3594 acincotta@trcsolutions.com : mailto:acincotta@trcsolutions.com orCatherine
Stanley, 978-656-3538 cstanley@trcsolutions.com : mailto:cstanley@trcsolutions.com orInvestor
Contact:Sharon Merrill Associates, 617-542-5300 trr@investorrelations.com : mailto:trr@investorrelations.com


Author:
Hossam Abdel-Kader
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