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That certainly would be a way to improve, I guess, our social distancing.Improved results were due to higher revenues from capital-tracking mechanisms and lower depreciation expense in Connecticut. The COP on that was filed back in 2018 and -- but the process was paused last year so that we could update the project for our new one nautical mile by one nautical mile configuration. Good morning, Julian.Sure.
My name is Richard, and I'll be your operator for today's call. This is accomplished by having a tremendous team of 8,300 employees who have a singular focus on providing safe and reliable service to our customers and addressing the energy policy imperatives of our region. And as if the pandemic wasn't enough, they've also been called upon to respond very quickly to two significant storm events that blew through our three states over the last few weeks.
The Ørsted vision is a world that runs entirely on green energy. And as I mentioned, Connecticut is moving forward, and we should see some program designs and proposals by the end of July time frame.Great. Box 270 Hartford, CT 06141-0270 This document presents historical information pertaining to Eversource Energy and subsidiaries frequently requested by securities analysts and members of the financial community. It would be a significant opportunity for us to better able to manage distributed energy resources on the grid.
We were originally scheduled to receive a final order in May and implement permanent rates on July 1st, 2020. OK. That's helpful. MGE Energy Shareholder Services c/o Computershare Trust Company, N.A. That's a -- it would finance that in our current forecast period, that's correct.We have the longest January in 90 years. So the South Fork for project is really sort of the smaller of the cash requirements and smaller of the cash receipts also.Well, as I said, the -- Colombia is really not in our guidance at this point. Investor Relations FirstEnergy (NYSE: FE) is dedicated to safety, reliability and operational excellence. Proposals are due in -- by the end of July, July 31st. And Eversource, as a provider of critical services for nearly half New England, is taking its responsibility to its customers and its employees extremely seriously. Above all, we continue to execute our business plans and strategy successfully. Good morning, Travis.Yes. A new three-year grid modernization work plan for 2021 through 2023 will be filed in Massachusetts this summer. Now that I understand those dockets are going on right now. So is there any impact at all in financing plans from any potential delayed projects?Certainly, if there are -- it would be -- some of those costs, I would expect, would get shifted out of this year into subsequent years. Richard?Private Securities Litigation Reform Act of 1995. Let me emphasize that the earnings from offshore wind are incremental to the 5% to 7% EPS CAGR that we expect on our existing regulated business.
They get moved, there's hearings that switch around. Higher distribution revenues were partially offset by higher O&M and higher depreciation expense. We held our first virtual annual meeting yesterday. Good morning, Sophie.No. Eversource Energy Center at UConn; Working with the Red Sox; Working With The Bruins; Supporting the Community.
Is the ATM plus -- the ATM portion of equity?So first on the offshore wind solicitation in New York, is that still on track for the second half of this year, hasn't seen any headwinds given the COVID situation?Right. Mr. Kotkin, you may begin. I want to emphasize that a critical factor in our success over the past decade has been providing excellent service to our 4 million customers.
To date, more than 400 employees have returned to work following their quarantine period in medical clearance.Oh, no. I mean, in the weather in the first quarter in our service territory was -- the heating degree days were the lowest in 50 years. Good morning, Mike.Yes. Just one quick technical question. Eversource Energy ES is slated to release second-quarter 2020 financial results on Jul 31. I'd say we -- I feel very good about the regulatory constructs that we have in place in terms of delinquent accounts or delays or bad debts as you might want to call it. Over time, we expect the new gas company to issue its own debt, most likely in the private market, the same way that NSTAR Gas or Yankee Gas currently raise long-term debt capital.Just want to clarify some of the stuff you just talked about there.