TRC
Total Resource Cost
CPUC
Total Resource Cost (TRC)
The TRC is a regulatory concept used to represent the total net costs of a resource decision. The TRC is used by the California Public Utilities Commission (CPUC) and other regulatory jurisdictions as one of several benchmarks used to evaluate the cost-effectiveness of various programs, measures, and strategies.
First Costs
The total initial costs for acquiring an asset, or to permit, design, procure and install equipment, and to develop and construct a facility.