over 1 million customers.
EDC also provides 2,265 MW of installed capacity through its generation facilities in Venezuela.
The purchase price allocation was as follows (in millions):
## Table 0 ##
Property and equipment was reduced by the negative goodwill.
The cost of the acquisition was allocated on the basis of estimated fair value of the assets acquired and liabilities assumed, primarily based upon an independent appraisal.
As of December 31, 2000, the severance plan was completed and the workforce was reduced by approximately 2,500 people.
All of the costs associated with the plan were recorded during 2000, and all of the cash payments were made in 2000.
In August 2000, a subsidiary of the Company completed the acquisition of a 59% equity interest in a Hidroelectrica Alicura S. A.
(‘‘Alicura’’) in Argentina from Southern Energy, Inc.  and its partners.
Alicura operates a 1,000 MW peaking hydro facility located in the province of Neuquen, Argentina.
The purchase price of approximately $205 million includes the assumption of existing non-recourse debt.
In December 2000 a subsidiary of the Company acquired an additional 39% ownership interest in Alicura, 19.5% ownership interests each from the Federal Government of Argentina and the Province of Neuquen, for approximately $9 million.
At December 31, 2000, the Company’s ownership interest was 98%.
The employees of Alicura own the remaining 2%.
All of the purchase price was allocated to property, plant and equipment and is being depreciated over the useful life.
In October 2000, a subsidiary of the Company completed the acquisition of Reliant Energy International’s 50% interest in El Salvador Energy Holdings, S. A.
(‘‘ESEH’’) that owns three distribution companies in El Salvador.
The purchase price for this interest in ESEH was approximately $173 million.
The three distribution companies, Compania de Alumbrado Electrico de San Salvador, S. A.  de C. V. , Empresa Electrica de Oriente, S. A.  de C. V.  and Distribuidora Electrica de Usulutan, S. A.
De C. V.  serve 3.5 million people, approximately 60% of the population of El Salvador, including the capital city of San Salvador.
A subsidiary of the Company had previously acquired a 50% interest in ESEH through its acquisition of EDC.
Through the purchase of Reliant Energy International’s ownership interest, the Company owns a controlling interest in the three distribution companies.
The total purchase price for 100% of the interest in ESEH approximated $325 million, of which approximately $176 million was allocated to goodwill and is being amortized over 40 years.
In December 2000, the Company acquired all of the outstanding shares of KMR Power Corporation (‘‘KMR’’), including the buyout of a minority partner in one of KMR’s subsidiaries, for approximately $64 million and assumed long-term liabilities of approximately $245 million.
The acquisition was financed through the issuance of approximately 699,000 shares of AES common stock and cash.
KMR owns a controlling interest in two gas-fired power plants located in Cartagena, Colombia: a 100% interest in the 314 MW TermoCandelaria power plant and a 66% interest in the 100
Tables of Contents Interest and Other Income (Expense), Net
## Table 1 ##
(1) In accordance with authoritative guidance, we record gains and losses associated with executive deferred compensation plan assets in interest and other income and gains and losses associated with the related liabilities in operating expenses.
The total amounts recorded in operating expenses for each period are approximately equal to the total amounts recorded in interest and other income in those periods.
Income Taxes Effective Tax Rate The Tax Cuts and Jobs Act (2017 Tax Act) was enacted on December 22, 2017 and reduces the U. S.  statutory federal corporate tax rate from 35% to 21%.
The effective date of the tax rate change was January 1, 2018.
The change resulted in a blended lower U. S.  statutory federal rate of 26.9% for fiscal year 2018.
As a result, we adjusted our annual effective tax rate for the year ended July 31, 2018, as well as adjusted our U. S.  net deferred tax asset balance at the lower rates.
Our effective tax rates for fiscal 2018, fiscal 2017, and fiscal 2016 were approximately 19%, 29%, and 33%.
Excluding the tax benefits related to share-based compensation, the reorganization of a subsidiary, and the charge related to the remeasurement of our deferred tax asset balances, our effective tax rate for fiscal 2018 was approximately 26% and did not differ significantly from the federal statutory rate of 26.9%.
Excluding the share-based compensation tax benefits, our effective tax rate for fiscal 2017 was approximately 34% and did not differ significantly from the federal statutory rate of 35%.
See Note 10 to the financial statements in Item 8 of this Annual Report for more information about our effective tax rates.
Net Deferred Tax Assets At July 31, 2018, we had net deferred tax assets of $80 million which included a valuation allowance of $93 million for loss and tax credit carryforwards related to state research and experimentation tax credits, foreign losses, and state operating and capital losses.
We recorded the valuation allowance to reflect uncertainties about whether we will be able to utilize some of our deferred tax assets before they expire.
While we believe our current valuation allowance is sufficient, we could in the future be required to increase the valuation allowance to take into account additional deferred tax assets that we may be unable to realize.
We assess the need for an adjustment to the valuation allowance on a quarterly basis.
The assessment is based on our estimates of future sources of taxable income for the jurisdictions in which we operate and the periods over which our deferred tax assets will be realizable.
See “Critical Accounting Policies and Estimates” earlier in this Item 7 and Note 10 to the financial statements in Item 8 of this Annual Report for more information.
Discontinued Operations In the third quarter of fiscal 2016 we sold our Demandforce, QuickBase, and Quicken businesses for $463 million in cash.
We recorded a pre-tax gain of $354 million and a net gain of $173 million on the disposal of these three businesses in fiscal 2016.
We have reclassified our statements of operations for all periods presented to reflect these businesses as discontinued operations.
See Note 7 to the financial statements in Item 8 of this Annual Report for a more complete description of these discontinued operations and the impact that they have had on our statements of operations for the fiscal periods presented.
MetLife, Inc.  Notes to the Consolidated Financial Statements — (Continued) Total fees expensed associated with these committed facilities were $55 million and $35 million for the years ended December 31, 2009 and 2008, respectively.
Information on these committed facilities at December 31, 2009 is as follows:
## Table 2 ##
(1) Letters of credit and replacements or renewals thereof issued under this facility of $280 million, $10 million and $200 million are set to expire no later than December 2015, March 2016 and June 2016, respectively.
(2) The Holding Company is a guarantor under this agreement.12.
Collateral Financing Arrangements Associated with the Closed Block In December 2007, MLIC reinsured a portion of its closed block liabilities to MRC, a wholly-owned subsidiary of the Company.
In connection with this transaction, MRC issued, to investors placed by an unaffiliated financial institution, $2.5 billion in aggregate principal amount of 35-year surplus notes to provide statutory reserve support for the assumed closed block liabilities.
Interest on the surplus notes accrues at an annual rate of 3-month LIBOR plus 0.55%, payable quarterly.
The ability of MRC to make interest and principal payments on the surplus notes is contingent upon South Carolina regulatory approval.
At both December 31, 2009 and 2008, the amount of the surplus notes outstanding was $2.5 billion.
Simultaneous with the issuance of the surplus notes, the Holding Company entered into an agreement with the unaffiliated financial institution, under which the Holding Company is entitled to the interest paid by MRC on the surplus notes of 3-month LIBOR plus 0.55% in exchange for the payment of 3-month LIBOR plus 1.12%, payable quarterly on such amount as adjusted, as described below.
The Holding Company may also be required to pledge collateral or make payments to the unaffiliated financial institution related to any decline in the estimated fair value of the surplus notes.
Any such payments would be accounted for as a receivable and included in other assets on the Company’s consolidated balance sheets and would not reduce the principal amount outstanding of the surplus notes.
Such payments would, however, reduce the amount of interest payments due from the Holding Company under the agreement.
Any payment received from the unaffiliated financial institution would reduce the receivable by an amount equal to such payment and would also increase the amount of interest payments due from the Holding Company under the agreement.
In addition, the unaffiliated financial institution may be required to pledge collateral to the Holding Company related to any increase in the estimated fair value of the surplus notes.
During 2008, the Holding Company paid an aggregate of $800 million to the unaffiliated financial institution relating to declines in the estimated fair value of the surplus notes.
The Holding Company did not receive any payments from the unaffiliated financial institution during 2008.
During 2009, on a net basis, the Holding Company received $375 million from the unaffiliated financial institution related to changes in the estimated fair value of the surplus notes.
No payments were made or received by the Holding Company during 2007.
Since the closing of the collateral financing arrangement in December 2007, on a net basis, the Holding Company has paid $425 million to the unaffiliated financial institution related to changes in the estimated fair value of the surplus notes.
In addition, at December 31, 2008, the Holding Company had pledged collateral with an estimated fair value of $230 million to the unaffiliated financial institution.
At December 31, 2009, the Holding Company had no collateral pledged to the unaffiliated financial institution in connection with this agreement.
The Holding Company may also be required to make a payment to the unaffiliated financial institution in connection with any early termination of this agreement.
A majority of the proceeds from the offering of the surplus notes was placed in a trust, which is consolidated by the Company, to support MRC’s statutory obligations associated with the assumed closed block liabilities.
During 2007, MRC deposited $2.0 billion into the trust, from the proceeds of the surplus notes issued in 2007.
During 2008, MRC deposited an additional $314 million into the trust.
No amounts were deposited into the trust during 2009.
At December 31, 2009 and 2008, the estimated fair value of assets held in trust by the Company was $2.4 billion and $2.1 billion, respectively.
The assets are principally invested in fixed maturity securities and are presented as such within the Company’s consolidated balance sheets, with the related income included within net investment income in the Company’s consolidated statements of operations.
Interest on the collateral financing arrangement is included as a component of other expenses.
Total interest expense related to the collateral financing arrangement was $51 million, $117 million and $5 million for the years ended December 31, 2009, 2008 and 2007, respectively

<table><tr><td>Purchase price</td><td>$1,700</td></tr><tr><td>Less: Stockholders' equity of EDC</td><td></td></tr><tr><td>Capital stock</td><td>-508</td></tr><tr><td>Paid-in surplus</td><td>-245</td></tr><tr><td>Retained earnings</td><td>-1,353</td></tr><tr><td>Treasury stock</td><td>323</td></tr><tr><td>Adjustment of assets and liabilities to fair value:</td><td></td></tr><tr><td>Property and equipment</td><td>-1,578</td></tr><tr><td>Deferred income tax asset</td><td>231</td></tr><tr><td>Employee severance plan</td><td>157</td></tr><tr><td>Investment in subsidiaries</td><td>36</td></tr><tr><td>Elimination of intangible asset – goodwill</td><td>7</td></tr><tr><td>Other net assets</td><td>-51</td></tr><tr><td>Goodwill – negative</td><td>$-1,281</td></tr></table>
<table><tr><td>(In millions)</td><td>Fiscal 2018</td><td>Fiscal 2017</td><td>Fiscal 2016</td></tr><tr><td>Interest income</td><td>$18</td><td>$8</td><td>$3</td></tr><tr><td>Net gain on executive deferred compensation plan assets-1</td><td>7</td><td>7</td><td>—</td></tr><tr><td>Other</td><td>1</td><td>-12</td><td>-7</td></tr><tr><td>Total interest and other income (expense), net</td><td>$26</td><td>$3</td><td>$-4</td></tr></table>
<table><tr><td> Account Party/Borrower(s)</td><td> Expiration</td><td> Capacity</td><td> Letter of   Credit   Issuances</td><td> Drawdowns</td><td> Unused   Commitments</td><td> Maturity   (Years)</td></tr><tr><td></td><td></td><td colspan="5"> (In millions)</td></tr><tr><td>MetLife, Inc.</td><td>August 2010</td><td>$300</td><td>$300</td><td>$—</td><td>$—</td><td>—</td></tr><tr><td>MetLife, Inc.</td><td>December 2010</td><td>1,500</td><td>412</td><td>—</td><td>1,088</td><td>—</td></tr><tr><td>Exeter Reassurance Company Ltd., MetLife, Inc., & Missouri Reinsurance (Barbados), Inc.</td><td>June 2016 -1</td><td>500</td><td>490</td><td>—</td><td>10</td><td>6</td></tr><tr><td>Exeter Reassurance Company Ltd.</td><td>December 2027 -2</td><td>650</td><td>490</td><td>—</td><td>160</td><td>18</td></tr><tr><td>MetLife Reinsurance Company of South Carolina & MetLife, Inc.</td><td>June 2037</td><td>3,500</td><td>—</td><td>2,797</td><td>703</td><td>27</td></tr><tr><td>MetLife Reinsurance Company of Vermont & MetLife, Inc.</td><td>December 2037 -2</td><td>2,896</td><td>1,483</td><td>—</td><td>1,413</td><td>28</td></tr><tr><td>MetLife Reinsurance Company of Vermont & MetLife, Inc.</td><td>September 2038 -2</td><td>3,500</td><td>1,508</td><td>—</td><td>1,992</td><td>28</td></tr><tr><td>Total</td><td></td><td>$12,846</td><td>$4,683</td><td>$2,797</td><td>$5,366</td><td></td></tr></table>

Question: what was the total price for the kmr power corporation purchase in millions?
Answer: 309.0