( a ) consists of pollution control revenue bonds and environmental revenue bonds , some of which are secured by collateral mortgage bonds .
( b ) pursuant to the nuclear waste policy act of 1982 , entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service . a0 a0the contracts include a one-time fee for generation prior to april 7 , 1983 . a0 a0entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee , plus accrued interest , in long-term debt .
( c ) see note 10 to the financial statements for further discussion of the waterford 3 lease obligation and entergy louisiana 2019s acquisition of the equity participant 2019s beneficial interest in the waterford 3 leased assets and for further discussion of the grand gulf lease obligation .
( d ) this note did not have a stated interest rate , but had an implicit interest rate of 7.458% ( 7.458 % ) .
( e ) the fair value excludes lease obligations of $ 34 million at system energy and long-term doe obligations of $ 183 million at entergy arkansas , and includes debt due within one year . a0 a0fair values are classified as level 2 in the fair value hierarchy discussed in note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades .
the annual long-term debt maturities ( excluding lease obligations and long-term doe obligations ) for debt outstanding as of december a031 , 2017 , for the next five years are as follows : amount ( in thousands ) .

amount ( in thousands )
2018
$ 760000
2019
$ 857679
2020
$ 898500
2021
$ 960764
2022
$ 1304431

in november 2000 , entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction .
as part of the purchase agreement with nypa , entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date .
in october 2015 , entergy announced a planned shutdown of fitzpatrick at the end of its fuel cycle .
as a result of the announcement , entergy reduced this liability by $ 26.4 million pursuant to the terms of the purchase agreement .
in august 2016 , entergy entered into a trust transfer agreement with nypa to transfer the decommissioning trust funds and decommissioning liabilities for the indian point 3 and fitzpatrick plants to entergy .
as part of the trust transfer agreement , the original decommissioning agreements were amended , and the entergy subsidiaries 2019 obligation to make additional license extension payments to nypa was eliminated .
in the third quarter 2016 , entergy removed the note payable of $ 35.1 million from the consolidated balance sheet .
entergy louisiana , entergy mississippi , entergy new orleans , entergy texas , and system energy have obtained long-term financing authorizations from the ferc that extend through october 2019 . a0 a0entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018 .
entergy new orleans has also obtained long-term financing authorization from the city council that extends through june 2018 , as the city council has concurrent jurisdiction with the ferc over such issuances .
capital funds agreement pursuant to an agreement with certain creditors , entergy corporation has agreed to supply system energy with sufficient capital to : 2022 maintain system energy 2019s equity capital at a minimum of 35% ( 35 % ) of its total capitalization ( excluding short- term debt ) ; entergy corporation and subsidiaries notes to financial statements .

Question: what is the percent change in annual long-term debt maturities from 2018 to 2019?
Answer: 12.9%
Calculation: subtract(857679, 760000), divide(#0, 760000)