entergy louisiana , llc management's financial discussion and analysis entergy's utility supply plan initiative will continue to seek to transform its generation portfolio with new or repowered generation resources .opportunities resulting from the supply plan initiative , including new projects or the exploration of alternative financing sources , could result in increases or decreases in the capital expenditure estimates given above .the estimated capital expenditures are subject to periodic review and modification and may vary based on the ongoing effects of regulatory constraints , environmental compliance , market volatility , economic trends , business restructuring , and the ability to access capital .management provides more information on long- term debt and preferred stock maturities in notes 5 and 6 to the financial statements .sources of capital entergy 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 and existing facilities .entergy louisiana may refinance or redeem debt and preferred membership interests prior to maturity , to the extent market conditions and interest and distribution rates are favorable .all debt and common and preferred membership interest issuances by entergy louisiana require prior regulatory approval .preferred membership interest and debt issuances are also subject to issuance tests set forth in corporate charters , bond indentures , and other agreements .entergy louisiana has sufficient capacity under these tests to meet its foreseeable capital needs .entergy 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 )'], ['$ 61236', '( $ 2791 )', '( $ 54041 )', '( $ 68677 )']]
see note 4 to the financial statements for a description of the money pool .entergy louisiana has a credit facility in the amount of $ 200 million scheduled to expire in august 2012 .no borrowings were outstanding under the credit facility as of december 31 , 2008 .in april 2008 , entergy louisiana repurchased , prior to maturity , $ 60 million of auction rate governmental bonds , which are being held for possible remarketing at a later date .in august 2008 , entergy louisiana issued $ 300 million of 6.50% ( 6.50 % ) series first mortgage bonds due september 2018 .the net proceeds of the issuance will be used for capital expenditures , working capital needs , and general corporate purposes .prior to their application , the remaining net proceeds may be invested in temporary cash investments or the entergy system money pool .hurricane rita and hurricane katrina in august and september 2005 , hurricane katrina and hurricane rita , along with extensive flooding that resulted from levee breaks in and around entergy louisiana's service territory , caused catastrophic damage .the storms and flooding resulted in widespread power outages ; significant damage to distribution , transmission , and generation infrastructure ; and the temporary loss of sales and customers due to mandatory evacuations and destruction of homes and businesses due to wind , rain , and extended periods of flooding .entergy pursued a broad range of initiatives to recover storm restoration and business continuity costs and incremental losses .initiatives included 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 for entergy louisiana incurred from the series first mortgage bonds due september 2018 , in millions?
Answer: 19.5