Our consolidated earnings for the second quarter of 2020 were $0.26 per diluted share, compared to $0.38 for the second quarter of 2019.
For year-to-date, consolidated earnings were $0.98 per diluted share for 2020, compared to $2.14 last year.
You may have seen recently the Avista Foundation provided more than $500,000 to support 37 different organizations throughout our service area.
And so far in 2020, our foundation has provided more than $1.5 million to help those in need.
In total, we expect to spend approximately $330 million implementing the plan components over the life of the 10-year plan.
Last year, we established a goal to serve our customers with a 100% clean electricity by 2045 and a 100% carbon-neutral resources by 2027.
Consistent with our goal and our 2020 Integrated Resource Plan, we are seeking proposals from renewable energy project developers, who are capable of constructing, owning and operating up to 120 average megawatts.
As such, we are confirming our 2020 consolidated earnings guidance, a range of $1.75 to $1.95 per diluted share.
Our Senior Vice President, Chief Legal Counsel, and Corporate Secretary, Marian Durkin, just retired on August 1.
The Blackhawks, because of the pandemic, made the playoffs and we're currently 1-1 with Edmonton with a game tonight.
For the second quarter of 2020, Avista Utilities contributed $0.26 per diluted share, compared to $0.32 in 2019.
The Energy Recovery Mechanism in Washington was a small benefit in this year of $0.4 million, compared to a much larger benefit in 2019 of $6 million.
For the year-to-date, we recognized a pre-tax benefit of $5.6 million in 2020, compared to $3.5 million in 2019, all with respect to the ERM.
With respect to the COVID-19 impacts on our results, we recorded an incremental $3.3 million of bad debt expense for the year-to-date and we expect the incremental amount to be $5.7 million for the full-year, including the first quarter as -- first half, as compared to our original forecast.
During the second quarter, we deferred $1.1 million of bad debt expense associated with this order.
Compared to normal, in the second quarter there was a -- our loads, there was a decrease of approximately 6% on overall electric loads, which consisted of approximately 10% decrease in commercial and a 14% decrease in Industrial, which was partially offset by about 4% increase in our residential loads.
These loads decreased earnings by about $0.03 in the second quarter and we expect to have continued lower loads throughout most of the year, with a gradual recovery toward the end of the year.
Over 90% of our utility revenue is covered by regulatory mechanisms.
However, we do not expect this to have a significant impact on our planned projects and we continue to be committed to investing the necessary capital in our utility infrastructure and expect our spending in 2020 to be still be about $405 million.
With respect to liquidity, at June 30, we had $160 million of available liquidity under our $400 million line of credit and we had $100 million in cash from our term loan.
We expect to issue this year approximately $165 million of long-term debt and up to $70 million of equity, and that includes $24 million that we've issued through June.
As Dennis mentioned earlier, we are confirming our 2020 guidance, with a consolidated range of $1.75 to $1.95.
We expect our long-term earnings growth after 2023 to be 4% to 6%.
We expect Avista Utilities to contribute in the range of $1.77 to $1.89 per diluted share.
The midpoint of our range does not include any expense or benefit under the ERM and our current expectation is that we will be in a benefit of a 90/10 sharing band, which is expected to add $0.06 per diluted share.
For 2020, we expect AEL&P to contribute in the range of $0.07 to $0.11 per share and our outlook for AEL&P assumes, among other variables, normal precipitation and hydroelectric generation for the remainder of the year.
And we continue to expect our other businesses to have a loss of between $0.09 and $0.05 per diluted share.

Summary:
Our consolidated earnings for the second quarter of 2020 were $0.26 per diluted share, compared to $0.38 for the second quarter of 2019.
As such, we are confirming our 2020 consolidated earnings guidance, a range of $1.75 to $1.95 per diluted share.
For the second quarter of 2020, Avista Utilities contributed $0.26 per diluted share, compared to $0.32 in 2019.
As Dennis mentioned earlier, we are confirming our 2020 guidance, with a consolidated range of $1.75 to $1.95.