Michael A.  Vitelli was named Executive Vice President, President — Americas in March 2010.
He previously served as Executive Vice President — Customer Operating Groups since March 2008.
Mr.  Vitelli joined us in February 2004 and has held positions such as Senior Vice President and General Manager of Home Solutions.
Prior to joining us, he spent 23 years with Sony Electronics, Inc. , serving in positions of increasing responsibility including executive vice president of Sony’s Visual Products Company.
Mr.  Vitelli serves on the boards of the National Multiple Sclerosis Society, Minnesota Chapter, and the National Consumer Technology Industry chapter of the Anti-Defamation League, where he serves as the industry chair.
J.  Scott Wheway is Chief Executive Officer — Best Buy Europe, appointed in July 2009.
He joined us in May 2009 as Chief Operating Officer — Best Buy International.
Prior to joining us, Mr.  Wheway served as managing director of Boots the Chemist, a health and beauty chain in the U. K. , part of Alliance Boots GmbH, an international health and beauty group with both retail and wholesale operations.
Prior to joining Boots in 2005, Mr.  Wheway spent 20 years at Tesco plc, a global retailer of food, non-food and retailing services, where he worked his way up from the sales floor to senior executive leadership positions, including operations director and change director.
He also serves as a non-executive director of Aviva plc, a U. K. -based global insurer.
Item 4.
Reserved.
Not applicable.
PART II Item 5.
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information Our common stock is traded on the New York Stock Exchange under the ticker symbol BBY.
The table below sets forth the high and low sales prices of our common stock as reported on the New York Stock Exchange — Composite Index during the periods indicated.
## Table 0 ##
Holders As of April 26, 2010, there were 3,405 holders of record of our common stock.
Dividends In fiscal 2004, our Board initiated the payment of a regular quarterly cash dividend with respect to shares of our common stock.
A quarterly cash dividend has been paid in each subsequent quarter.
Our quarterly cash dividend for the first two quarters of fiscal 2009 was $0.13 per share and for the balance of fiscal 2009 and all of fiscal 2010 was $0.14 per share.
The payment of cash dividends is subject to customary legal and contractual restrictions.
Future dividend payments will depend on our earnings, capital requirements, financial condition and other factors considered relevant by our Board.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers From time to time, we repurchase our common stock in the open market pursuant to programs approved by our Board.
We may repurchase our common stock for a variety of reasons, such as acquiring shares to offset dilution related to equity-based incentives, including stock options and our employee stock purchase plan, and optimizing our capital structure.
In June 2007, our Board authorized up to $5.5 billion of share repurchases.
The program, which became effective on June 26, 2007, terminated and replaced a $1.5 billion share repurchase program authorized by our Board in June 2006.
There is no expiration date governing the period over which we can repurchase shares under the June 2007 authorization.
At the end of fiscal 2008, $2.5 billion of the $5.5 billion share repurchases authorized by our Board in June 2007 was available for future share repurchases.
We made no share repurchases in fiscal 2010 and 2009.
We consider several factors in determining when to make share repurchases including, among other things, our cash needs, the availability of funding and the market price of our stock.
We expect that cash provided by future operating activities, as well as available cash and cash equivalents and short-term investments, will be the sources of funding for our share repurchase program.
Based on the anticipated amounts to be generated from those sources of funds in relation to the remaining authorization approved by our Board under the June 2007 share repurchase program, we do not expect that future share repurchases will have a material impact on our short-term or long-term liquidity.
Consolidated Statements of Changes in Shareholders’ Equity $ and shares in millions
## Table 1 ##
See Notes to Consolidated Financial Statements.
Notes to Consolidated Financial Statements $ in millions, except per share amounts or as otherwise noted
ENTERGY LOUISIANA, LLC AND SUBSIDIARIES MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS Results of Operations Net Income 2016 Compared to 2015 Net income increased $175.4 million primarily due to the effect of a settlement with the IRS related to the 2010-2011 IRS audit, which resulted in a $136.1 million reduction of income tax expense.
Also contributing to the increase were lower other operation and maintenance expenses, higher net revenue, and higher other income.
The increase was partially offset by higher depreciation and amortization expenses, higher interest expense, and higher nuclear refueling outage expenses.2015 Compared to 2014 Net income increased slightly, by $0.6 million, primarily due to higher net revenue and a lower effective income tax rate, offset by higher other operation and maintenance expenses, higher depreciation and amortization expenses, lower other income, and higher interest expense.
Net Revenue 2016 Compared to 2015 Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges.
Following is an analysis of the change in net revenue comparing 2016 to 2015.
## Table 2 ##
The retail electric price variance is primarily due to an increase in formula rate plan revenues, implemented with the first billing cycle of March 2016, to collect the estimated first-year revenue requirement related to the purchase of Power Blocks 3 and 4 of the Union Power Station.
See Note 2 to the financial statements for further discussion.
The transmission equalization variance is primarily due to changes in transmission investments, including Entergy Louisiana’s exit from the System Agreement in August 2016.
The volume/weather variance is primarily due to the effect of less favorable weather on residential sales, partially offset by an increase in industrial usage and an increase in volume during the unbilled period.
The increase

<table><tr><td> </td><td colspan="2"> Sales Price</td></tr><tr><td> </td><td> High </td><td> Low </td></tr><tr><td><i>Fiscal 2010</i></td><td></td><td></td></tr><tr><td>First Quarter</td><td>$42.06</td><td>$23.97</td></tr><tr><td>Second Quarter</td><td>39.98</td><td>31.25</td></tr><tr><td>Third Quarter</td><td>44.32</td><td>35.66</td></tr><tr><td>Fourth Quarter</td><td>45.55</td><td>35.01</td></tr><tr><td><i>Fiscal 2009</i></td><td></td><td></td></tr><tr><td>First Quarter</td><td>$45.95</td><td>$38.75</td></tr><tr><td>Second Quarter</td><td>48.03</td><td>36.10</td></tr><tr><td>Third Quarter</td><td>47.50</td><td>16.42</td></tr><tr><td>Fourth Quarter</td><td>31.25</td><td>19.02</td></tr></table>
<table><tr><td> </td><td>Common Shares</td><td>Common Stock</td><td>Additional Paid-In Capital</td><td>Retained Earnings</td><td>Accumulated Other Comprehensive Income (Loss)</td><td>Total Best Buy Co., Inc.</td><td>Non controlling Interests</td><td>Total</td></tr><tr><td> Balances at March 3, 2007</td><td>481</td><td>$48</td><td>$430</td><td>$5,507</td><td>$216</td><td>$6,201</td><td>$35</td><td>$6,236</td></tr><tr><td>Net earnings</td><td>—</td><td>—</td><td>—</td><td>1,407</td><td>—</td><td>1,407</td><td>3</td><td>1,410</td></tr><tr><td>Other comprehensive income (loss), net of tax:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td>—</td><td>—</td><td>—</td><td>—</td><td>311</td><td>311</td><td>2</td><td>313</td></tr><tr><td>Unrealized losses on available-for-sale investments</td><td>—</td><td>—</td><td>—</td><td>—</td><td>-25</td><td>-25</td><td>—</td><td>-25</td></tr><tr><td>Total comprehensive income</td><td></td><td></td><td></td><td></td><td></td><td>1,693</td><td>5</td><td>1,698</td></tr><tr><td>Cumulative effect of adopting a new accounting standard related to uncertain tax positions</td><td>—</td><td>—</td><td>—</td><td>-13</td><td>—</td><td>-13</td><td>—</td><td>-13</td></tr><tr><td>Stock options exercised</td><td>4</td><td>—</td><td>93</td><td>—</td><td>—</td><td>93</td><td>—</td><td>93</td></tr><tr><td>Tax benefit from stock options, restricted stock and employee stock purchase plan</td><td>—</td><td>—</td><td>17</td><td>—</td><td>—</td><td>17</td><td>—</td><td>17</td></tr><tr><td>Issuance of common stock under employee stock purchase plan</td><td>1</td><td>—</td><td>53</td><td>—</td><td>—</td><td>53</td><td>—</td><td>53</td></tr><tr><td>Stock-based compensation</td><td>—</td><td>—</td><td>105</td><td>—</td><td>—</td><td>105</td><td>—</td><td>105</td></tr><tr><td>Common stock dividends, $0.46 per share</td><td>—</td><td>—</td><td>—</td><td>-204</td><td>—</td><td>-204</td><td>—</td><td>-204</td></tr><tr><td>Repurchase of common stock</td><td>-75</td><td>-7</td><td>-690</td><td>-2,764</td><td>—</td><td>-3,461</td><td>—</td><td>-3,461</td></tr><tr><td> Balances at March 1, 2008</td><td>411</td><td>41</td><td>8</td><td>3,933</td><td>502</td><td>4,484</td><td>40</td><td>4,524</td></tr><tr><td>Net earnings</td><td>—</td><td>—</td><td>—</td><td>1,003</td><td>—</td><td>1,003</td><td>30</td><td>1,033</td></tr><tr><td>Other comprehensive (loss) income, net of tax:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td>—</td><td>—</td><td>—</td><td>—</td><td>-830</td><td>-830</td><td>-175</td><td>-1,005</td></tr><tr><td>Unrealized losses on available-for-sale investments</td><td>—</td><td>—</td><td>—</td><td>—</td><td>-19</td><td>-19</td><td>—</td><td>-19</td></tr><tr><td>Reclassification adjustment for impairment loss on available-for-sale security included in net earnings</td><td>—</td><td>—</td><td>—</td><td>—</td><td>30</td><td>30</td><td>—</td><td>30</td></tr><tr><td>Total comprehensive income</td><td></td><td></td><td></td><td></td><td></td><td>184</td><td>-145</td><td>39</td></tr><tr><td>Acquisition of business</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>666</td><td>666</td></tr><tr><td>Acquisition of noncontrolling interest</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>-48</td><td>-48</td></tr><tr><td>Stock options exercised</td><td>2</td><td>—</td><td>34</td><td>—</td><td>—</td><td>34</td><td>—</td><td>34</td></tr><tr><td>Tax benefit from stock options, restricted stock and employee stock purchase plan</td><td>—</td><td>—</td><td>4</td><td>—</td><td>—</td><td>4</td><td>—</td><td>4</td></tr><tr><td>Issuance of common stock under employee stock purchase plan</td><td>1</td><td>—</td><td>49</td><td>—</td><td>—</td><td>49</td><td>—</td><td>49</td></tr><tr><td>Stock-based compensation</td><td>—</td><td>—</td><td>110</td><td>—</td><td>—</td><td>110</td><td>—</td><td>110</td></tr><tr><td>Common stock dividends, $0.54 per share</td><td>—</td><td>—</td><td>—</td><td>-222</td><td>—</td><td>-222</td><td>—</td><td>-222</td></tr><tr><td> Balances at February 28, 2009</td><td>414</td><td>41</td><td>205</td><td>4,714</td><td>-317</td><td>4,643</td><td>513</td><td>5,156</td></tr><tr><td>Net earnings</td><td>—</td><td>—</td><td>—</td><td>1,317</td><td>—</td><td>1,317</td><td>77</td><td>1,394</td></tr><tr><td>Other comprehensive income, net of tax:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments</td><td>—</td><td>—</td><td>—</td><td>—</td><td>329</td><td>329</td><td>76</td><td>405</td></tr><tr><td>Unrealized gains on available-for-sale investments</td><td>—</td><td>—</td><td>—</td><td>—</td><td>28</td><td>28</td><td>—</td><td>28</td></tr><tr><td>Cash flow hedging instruments — unrealized gain (loss)</td><td></td><td></td><td></td><td></td><td></td><td>—</td><td>—</td><td>—</td></tr><tr><td>Total comprehensive income</td><td></td><td></td><td></td><td></td><td></td><td>1,674</td><td>153</td><td>1,827</td></tr><tr><td>Purchase accounting adjustments</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>-22</td><td>-22</td></tr><tr><td>Stock options exercised</td><td>4</td><td>1</td><td>95</td><td>—</td><td>—</td><td>96</td><td>—</td><td>96</td></tr><tr><td>Tax loss from stock options, restricted stock and employee stock purchase plan</td><td>—</td><td>—</td><td>-19</td><td>—</td><td>—</td><td>-19</td><td>—</td><td>-19</td></tr><tr><td>Issuance of common stock under employee stock purchase plan</td><td>1</td><td>—</td><td>42</td><td>—</td><td>—</td><td>42</td><td>—</td><td>42</td></tr><tr><td>Stock-based compensation</td><td>—</td><td>—</td><td>118</td><td>—</td><td>—</td><td>118</td><td>—</td><td>118</td></tr><tr><td>Common stock dividends, $0.56 per share</td><td>—</td><td>—</td><td>—</td><td>-234</td><td>—</td><td>-234</td><td>—</td><td>-234</td></tr><tr><td> Balances at February 27, 2010</td><td>419</td><td>$42</td><td>$441</td><td>$5,797</td><td>$40</td><td>$6,320</td><td>$644</td><td>$6,964</td></tr></table>
<table><tr><td></td><td>Amount (In Millions)</td></tr><tr><td>2015 net revenue</td><td>$2,408.8</td></tr><tr><td>Retail electric price</td><td>69.0</td></tr><tr><td>Transmission equalization</td><td>-6.5</td></tr><tr><td>Volume/weather</td><td>-6.7</td></tr><tr><td>Louisiana Act 55 financing savings obligation</td><td>-17.2</td></tr><tr><td>Other</td><td>-9.0</td></tr><tr><td>2016 net revenue</td><td>$2,438.4</td></tr></table>

Question: what is the growth rate in net revenue in 2016 for entergy louisiana?