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For further information, see "Business Development and Capital Expenditures - Offshore Wind Business" included in this Management's Discussion and Analysis.Pension and PBOP plan assets and obligations are remeasured annually using a December 31st measurement date. Finally, the project allowed a problematic underground 115 kV transmission path through the city of Springfield that was vulnerable to thermal overloads to be removed from service by breaking it in half at the middle. For financial reporting, their fiscal year ends on December 31st.
At the onset of the pandemic in the United States, liquidity in the commercial paper credit market began to deteriorate rapidly.
Due to the nature and significance of these items on Net Income Attributable to Common Shareholders, we believe that the non-GAAP presentation is a more meaningful representation of our financial performance and provides additional and useful information to readers of this report in analyzing historical and future performance of our business. EVERSOURCE ENERGY 2019 ANNUAL REPORT 003SSN118F 2019 Annual #1 energy company on Newsweek’s list Report of Most Responsible Companies, recognizing our commitment to corporate social responsibility. Help With ZIP Codes. A trusted source of energy expertise, the Center is striving to advance new research and technologies to ensure reliable power during extreme weather and security events. Each year the Eversource Energy Center publishes an annual report. The project also involved rebuilding all of the 115 kV lines along the transmission corridor between South Agawam and Ludlow to increase their capacities, building a new 115 kV transmission substation in East Springfield (Cadwell), replacing the Fairmont 115 kV transmission substation in Chicopee with a new substation across the street, and configuring a new 115 kV line from South Agawam to Southwick using a combination of both new and old line segments of the former 115 kV path between Agawam and North Bloomfield.
To date, we have not experienced significant operational or financial impacts directly related to the pandemic.
As of the date of our filing, the outbreak of COVID-19 has not resulted in a significant financial or operational impact. As of May 7, 2020, we had 31 confirmed employee cases of COVID-19. Our available borrowing capacity under our commercial paper programs totaled $1.27 billion as of March 31, 2020.Our natural gas distribution segment earnings increased $7.9 million in the first quarter of 2020, as compared to the first quarter of 2019, due primarily to a base distribution rate increase at Yankee Gas effective January 1, 2020 and higher earnings from capital tracker mechanisms due to continued investments in natural gas infrastructure. You can generally identify our forward-looking statements through the use of words or phrases such as "estimate," "expect," "anticipate," "intend," "plan," "project," "believe," "forecast," "should," "could," and other similar expressions.
We are continuing to closely monitor for COVID-19 pandemic related changes, as well as operate under our pandemic response plan; however, we cannot at this time predict the impact that the COVID-19 pandemic will have on our future financial condition and operations.We use these non-GAAP financial measures to evaluate and provide details of earnings results by business and to more fully compare and explain our 2020 and 2019 results without including these items.