entergy gulf states louisiana , l.l.c .management's financial discussion and analysis sources of capital entergy gulf states louisiana's sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt or preferred membership interest issuances ; and bank financing under new or existing facilities .entergy gulf states louisiana may refinance or redeem debt and preferred equity/membership interests prior to maturity , to the extent market conditions and interest and dividend rates are favorable .all debt and common and preferred equity/membership interest issuances by entergy gulf states louisiana require prior regulatory approval .preferred equity/membership interest and debt issuances are also subject to issuance tests set forth in its corporate charter , bond indentures , and other agreements .entergy gulf states louisiana has sufficient capacity under these tests to meet its foreseeable capital needs .entergy gulf states , inc .filed with the ferc an application , on behalf of entergy gulf states louisiana , for authority to issue up to $ 200 million of short- term debt , up to $ 500 million of tax-exempt bonds and up to $ 750 million of other long-term securities , including common and preferred membership interests and long-term debt .on november 8 , 2007 the ferc issued orders granting the requested authority for a two-year period ending november 8 , 2009 .entergy gulf states louisiana's receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
[['2008', '2007', '2006', '2005'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['$ 11589', '$ 55509', '$ 75048', '$ 64011']]
see note 4 to the financial statements for a description of the money pool .entergy gulf states louisiana has a credit facility in the amount of $ 100 million scheduled to expire in august 2012 .no borrowings were outstanding under the credit facility as of december 31 , 2008 .in may 2008 , entergy gulf states louisiana issued $ 375 million of 6.00% ( 6.00 % ) series first mortgage bonds due may 2018 .the proceeds were used to pay at maturity the portion of the $ 325 million of 3.6% ( 3.6 % ) series first mortgage bonds due june 2008 that had not been assumed by entergy texas and to redeem , prior to maturity , $ 189.7 million of the $ 350 million floating rate series of first mortgage bonds due december 2008 , and for other general corporate purposes .the portion of the $ 325 million of 3.6% ( 3.6 % ) series first mortgage bonds due june 2008 that had been assumed by entergy texas were paid at maturity by entergy texas in june 2008 , and that bond series is no longer outstanding .the portion of the $ 350 million floating rate series of first mortgage bonds due december 2008 that had been assumed by entergy texas were paid at maturity by entergy texas in december 2008 , and that bond series is no longer outstanding .hurricane rita and hurricane katrina in august and september 2005 , hurricanes katrina and rita hit entergy gulf states inc.'s jurisdictions in louisiana and texas .the storms resulted in power outages ; significant damage to electric distribution , transmission , and generation infrastructure ; and the temporary loss of sales and customers due to mandatory evacuations .entergy gulf states louisiana is pursuing a range of initiatives to recover storm restoration and business continuity costs and incremental losses .initiatives include obtaining reimbursement of certain costs covered by insurance and pursuing recovery through existing or new rate mechanisms regulated by the ferc and local regulatory bodies , in combination with securitization. .

Question: what is the annual interest expense related to series first mortgage bonds due may 2018 , in millions?
Answer: 22.5