TRC Companies, Inc.
(NYSE: TRR) today announced that NextEra Energy Resources, part of FPL Group, awarded the Company a contract to design approximately 15 miles of overhead transmission line in Gray County, Kansas. The new line will connect the Gray County Wind Farm to an existing 115kV transmission line, expanding NextEra’s ability to deliver renewable energy to its service territory. TRC also will coordinate all surveying activities, geotechnical studies, and foundation design associated with the project.
“TRC is proud to support NextEra, our strong, long-term partner-customer, with their wind energy transmission project,” said Chairman and Chief Executive Officer Chris Vincze. “Our participation in this project demonstrates our presence as a full service provider in the renewable energy arena. As an organization, we are passionate about addressing our nation’s energy challenges, and we are dedicated to delivering results that enable our clients to achieve success.”
Prior to this stage of the project, TRC assisted NextEra with a route selection study to identify viable routes for the transmission line and to evaluate all options. The relationship TRC developed with NextEra during this phase, along with its extensive transmission line design services and well-established reputation in this market, contributed to the new contract award.
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
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
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, 2009, 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.