Net Impairment We recognized $14.9 million of net impairment during the year ended December 31, 2011, on certain securities in our non-agency CMO portfolio due to continued deterioration in the expected credit performance of the underlying loans in those specific securities.
The gross other-than-temporary impairment (“OTTI”) and the noncredit portion of OTTI, which was or had been previously recorded through other comprehensive income, are shown in the table below (dollars in millions):
## Table 0 ##
Other Revenues Other revenues decreased 15% to $39.3 million for the year ended December 31, 2011 compared to 2010.
The decrease was due primarily to the gain on sale of approximately $1 billion in savings accounts to Discover Financial Services in the first quarter of 2010, which increased other revenues during the year ended December 31, 2010.
Provision for Loan Losses Provision for loan losses decreased 43% to $440.6 million for the year ended December 31, 2011 compared to 2010.
The decrease in provision for loan losses was driven by improving credit trends and loan portfolio run-off, as evidenced by the lower levels of delinquent loans in the one- to four-family and home equity loan portfolios.
The provision for loan losses has declined for three consecutive years, down 72% from its peak of $1.6 billion for the year ended December 31, 2008.
We expect provision for loan losses to continue to decline in 2012 compared to 2011, although it is subject to variability from quarter to quarter.
As we transition from the OTS to the OCC, we are evaluating programs and practices that were designed in accordance with guidance from the OTS.
We are working to align certain policies and procedures to the guidance from the OCC and have suspended certain loan modification programs that will require changes.
We increased the qualitative reserve in 2011 to reflect additional estimated losses during the period of reduced activity in our modification programs, as well as uncertainty around certain loans modified under our previous programs.
Once the evaluation of the existing programs and practices is complete and any necessary changes have been implemented, we will re-assess the overall qualitative reserve.
Corporate/Other The following table summarizes corporate/other financial information for the years ended December 31, 2011, 2010 and 2009 (dollars in millions):
## Table 1 ##
* Percentage not meaningful.
The corporate/other category includes costs that are centrally-managed, technology related costs incurred to support centrally-managed functions, restructuring and other exit activities, corporate debt and corporate investments.2011 Compared to 2010 The corporate/other loss before income taxes was $346.4 million for the year ended December 31, 2011, compared to $333.5 million in 2010.
Compensation and benefits decreased 12% to $70.3 million due primarily to a decrease in incentive compensation during the year ended December 31, 2011 compared to 2010.
The increase in professional services was due primarily to a $6.0 million credit in connection with a legal settlement in the third quarter of 2010, which decreased professional services for the year ended December 31, 2010.
Other operating expenses increased 34% to $34.5 million primarily due to the recording of a net reserve of $10.8 million related a memorandum of understanding that was entered into to settle the Freudenberg Action during the year ended December 31, 2011.
Total other income (expense) consisted primarily of $177.8 million in corporate interest expense for the year ended December 31, 2011 on interest-bearing corporate debt.
In addition to the stated interest on corporate debt, the corporate interest expense line item included the benefit of discontinued fair value hedges on corporate debt, which decreased $7.8 million for the year ended December 31, 2011 compared to 2010.
Offsetting interest expense for the year ended December 31, 2011 was a $3.1 million gain on early extinguishment of debt related to the call of the 2013 Notes in the second quarter of 2011.2010 Compared to 2009 The corporate/other loss was $333.5 million for the year ended December 31, 2010, compared to $1.5 billion for the same period in 2009.
The loss for the year ended December 31, 2010 was due to total operating expenses of $174.5 million and other expense of $159.0 million.
Total other income (expense) primarily
M & T BANK CORPORATION AND SUBSIDIARIES Notes to Financial Statements — (Continued) 4.
Loans and leases Total gross loans and leases outstanding were comprised of the following:
## Table 2 ##
One-to-four family residential mortgage loans held for sale were $1.9 billion at December 31, 2006 and $1.2 billion at December 31, 2005.
One-to-four family residential mortgage loans and smaller balance commercial mortgage loans with many repayment characteristics similar to residential mortgage loans that are serviced for others totaled approximately $16.7 billion and $15.6 billion at December 31, 2006 and 2005, respectively.
As of December 31, 2006, approximately $7 million of one-to-four family residential mortgage loans serviced for others had been sold with credit recourse.
Commercial mortgage loans held for sale were $49 million at December 31, 2006 and $199 million at December 31, 2005.
Commercial mortgage loans serviced for others totaled approximately $4.9 billion and $4.3 billion at December 31, 2006 and 2005, respectively.
As of December 31, 2006, approximately $939 million of commercial mortgage loan balances serviced for others had been sold with recourse in conjunction with the Company’s participation in the FNMA Delegated Underwriting and Servicing (“DUS”) program.
At December 31, 2006, the Company estimated that the recourse obligations described above were not material to the Company’s consolidated financial position.
There have been no material losses incurred as a result of those recourse arrangements.
Included in consumer loans were home equity loans held for sale of $65 million at December 31, 2006 and $38 million at December 31, 2005.
Nonperforming loans (loans on which interest was not being accrued or had been renegotiated at below-market interest rates) totaled $224,228,000 at December 31, 2006 and $156,451,000 at December 31, 2005.
If nonaccrual and renegotiated loans had been accruing interest at their originally contracted terms, interest income on such loans would have amounted to $17,173,000 in 2006 and $12,144,000 in 2005.
The actual amounts included in interest income during 2006 and 2005 on such loans were $6,770,000 and $3,279,000, respectively.
The recorded investment in loans considered impaired for purposes of applying SFAS No.114 was $152,676,000 and $92,528,000 at December 31, 2006 and 2005, respectively.
The recorded investment in loans considered impaired for which there was a related valuation allowance for impairment included in the allowance for credit losses and the amount of such impairment allowance were $139,021,000 and $23,388,000, respectively, at December 31, 2006 and $65,244,000 and $15,343,000, respectively, at December 31, 2005.
The recorded investment in loans considered impaired for which there was no related valuation allowance for impairment was $13,655,000 and $27,284,000 at December 31, 2006 and 2005, respectively.
The average recorded investment in impaired loans during 2006, 2005 and 2004 was $97,263,000, $106,603,000 and $135,431,000, respectively.
Interest income recognized on impaired loans
DUKE ENERGY CORPORATION· DUKE ENERGY CAROLINAS, LLC· PROGRESS ENERGYINC.
· DUKE ENERGY PROGRESS, LC· DUKE ENERGY FLORIDA, LLC· DUKE ENERGY OHIO, INC. · DUKE ENERGY INDIANA, LC· PIEDMONT NATURAL GAS COMPANY INC.
Combined Notes to Consolidated Financial Statements – (Continued) On August 4, 2016, pursuant to N. C.  Gen.  Stat.105-130.3C, the North Carolina Department of Revenue announced the North Carolina corporate income tax rate would be reduced from a statutory rate of 4.0 percent to 3.0 percent beginning January 1, 2017.
Duke Energy and Piedmont recorded net reductions of approximately $80 million and $16 million to their North Carolina deferred tax liabilities in the third quarter of 2016.
The significant majority of this deferred tax liability reduction was offset by recording a regulatory liability pending NCUC determination of the disposition of amounts related to Duke Energy Carolinas, Duke Energy Progress and Piedmont.
The impact did not have a significant impact on the financial position, results of operation, or cash flows of Duke Energy, Duke Energy Carolinas, Progress Energy or Duke Energy Progress.
On June 28, 2017, the North Carolina General Assembly amended N. C.  Gen.  Stat.105-130.3, reducing the North Carolina corporate income tax rate from a statutory rate of 3.0 percent to 2.5 percent beginning January 1, 2019.
Duke Energy recorded a net reduction of approximately $55 million to their North Carolina deferred tax liabilities in the second quarter of 2017.
The significant majority of this deferred tax liability reduction was offset by recording a regulatory liability pending NCUC determination of the disposition of amounts related to Duke Energy Carolinas, Duke Energy Progress and Piedmont.
The impact did not have a significant impact on the financial position, results of operation or cash flows of Duke Energy, Duke Energy Carolinas, Progress Energy or Duke Energy Progress.
UNRECOGNIZED TAX BENEFITS The following tables present changes to unrecognized tax benefits
## Table 3 ##
Year Ended December 31, 2016
## Table 4 ##
Year Ended December 31, 2015
## Table 5 ##
Entergy Corporation and Subsidiaries Management's Financial Discussion and Analysis 7 Net Revenue 2004 Compared to 2003 Net revenue, which is Entergy's measure of gross margin, consists of operating revenues net of: 1) fuel, fuel-related, and purchased power expenses and 2) other regulatory credits.
Following is an analysis of the change in net revenue comparing 2004 to 2003.
## Table 6 ##
The volume/weather variance resulted primarily from increased usage, partially offset by the effect of milder weather on sales during 2004 compared to 2003.
Billed usage increased a total of 2,261 GWh in the industrial and commercial sectors.
The summer capacity charges variance was due to the amortization in 2003 at Entergy Gulf States and Entergy Louisiana of deferred capacity charges for the summer of 2001.
Entergy Gulf States' amortization began in June 2002 and ended in May 2003.
Entergy Louisiana's amortization began in August 2002 and ended in July 2003.
Base rates increased net revenue due to a base rate increase at Entergy New Orleans that became effective in June 2003.
The deferred fuel cost revisions variance resulted primarily from a revision in 2003 to an unbilled sales pricing estimate to more closely align the fuel component of that pricing with expected recoverable fuel costs at Entergy Louisiana.
Deferred fuel cost revisions also decreased net revenue due to a revision in 2004 to the estimate of fuel costs filed for recovery at Entergy Arkansas in the March 2004 energy cost recovery rider.
The price applied to unbilled sales variance resulted from a decrease in fuel price in 2004 caused primarily by the effect of nuclear plant outages in 2003 on average fuel costs.
Gross operating revenues and regulatory credits Gross operating revenues include an increase in fuel cost recovery revenues of $475 million and $18 million in electric and gas sales, respectively, primarily due to higher fuel rates in 2004 resulting from increases in the market prices of purchased power and natural gas.
As such, this revenue increase is offset by increased fuel and purchased power expenses.
Other regulatory credits increased primarily due to the following: ?
cessation of the Grand Gulf Accelerated Recovery Tariff that was suspended in July 2003; ?
the amortization in 2003 of deferred capacity charges for summer 2001 power purchases at Entergy Gulf States and Entergy Louisiana; ?
the deferral in 2004 of $14.3 million of capacity charges related to generation resource planning as allowed by the LPSC; ?
the deferral in 2004 by Entergy Louisiana of $11.4 million related to the voluntary severance program, in accordance with a proposed stipulation entered into with the LPSC staff; and

['

Year Ended December31, 2011	2010
Other-than-temporary impairment (“OTTI”)	$-9.2	$-41.5
Less: noncredit portion of OTTI recognized into (out of)other comprehensive income (loss) (before tax)	-5.7	3.8
Net impairment	$-14.9	$-37.7

', '

Year Ended December 31,	Variance 2011 vs. 2010
2011	2010	2009	Amount	%
Total net revenue	$-0.1	$-0.0	$—	$-0.1	*
Compensation and benefits	70.3	80.2	93.7	-9.9	-12%
Professional services	35.4	28.9	42.7	6.5	23%
Occupancy and equipment	2.7	2.6	3.4	0.1	4%
Communications	1.5	1.7	1.9	-0.2	-11%
Depreciation and amortization	18.4	21.0	19.1	-2.6	-12%
Facility restructuring and
other exit activities	7.7	14.3	20.7	-6.6	*
Other operating expenses	34.5	25.8	21.2	8.7	34%
Total operating expense	170.5	174.5	202.7	-4.0	-2%
Operating loss	-170.6	-174.5	-202.7	3.9	-2%
Total other income (expense)	-175.8	-159.0	-1,260.4	-16.8	11%
Corporate/other loss	$-346.4	$-333.5	$-1,463.1	$-12.9	4%

', '

December 31
2006	2005
(In thousands)
Loans
Commercial, financial, agricultural, etc	$10,472,919	$9,818,897
Real estate:
Residential	5,248,119	3,802,645
Commercial	12,691,964	12,833,912
Construction	3,453,981	2,335,498
Consumer	9,885,883	10,385,740
Total loans	41,752,866	39,176,692
Leases
Commercial	1,423,637	1,286,930
Consumer	30,451	90,069
Total leases	1,454,088	1,376,999
Total loans and leases	$43,206,954	$40,553,691

', '

Year Ended December 31, 2017
(in millions)	Duke Energy	Duke Energy Carolinas	Progress Energy	Duke Energy Progress	Duke Energy Florida	Duke Energy Ohio	Duke Energy Indiana	Piedmont
Unrecognized tax benefits – January 1	$17	$1	$2	$2	$4	$4	$—	$—
Unrecognized tax benefits increases (decreases)
Gross increases – tax positions in prior periods	12	4	3	3	1	1	1	3
Gross decreases – tax positions in prior periods	-4	—	—	—	—	-4	—	—
Total changes	8	4	3	3	1	-3	1	3
Unrecognized tax benefits – December 31	$25	$5	$5	$5	$5	$1	$1	$3

', '

Year Ended December 31, 2016
(in millions)	Duke Energy	Duke Energy Carolinas	Progress Energy	Duke Energy Progress	Duke Energy Florida	Duke Energy Ohio	Duke Energy Indiana
Unrecognized tax benefits – January 1	$88	$72	$1	$3	$—	$—	$1
Unrecognized tax benefits increases (decreases)
Gross increases – tax positions in prior periods	—	—	—	—	4	4	—
Gross decreases – tax positions in prior periods	-4	-4	-1	-1	—	—	—
Decreases due to settlements	-68	-67	—	—	—	—	-1
Reduction due to lapse of statute of limitations	1	—	2	—	—	—	—
Total changes	-71	-71	1	-1	4	4	-1
Unrecognized tax benefits – December 31	$17	$1	$2	$2	$4	$4	$—

', '

Year Ended December 31, 2015
(in millions)	Duke Energy	Duke Energy Carolinas	Progress Energy	Duke Energy Progress	Duke Energy Florida	Duke Energy Indiana
Unrecognized tax benefits – January 1	$213	$160	$32	$23	$8	$1
Unrecognized tax benefits increases (decreases)
Gross increases – tax positions in prior periods	—	—	1	1	—	—
Gross decreases – tax positions in prior periods	-48	-45	—	—	—	—
Decreases due to settlements	-45	-43	—	—	—	—
Reduction due to lapse of statute of limitations	-32	—	-32	-21	-8	—
Total changes	-125	-88	-31	-20	-8	—
Unrecognized tax benefits – December 31	$88	$72	$1	$3	$—	$1

', '

(In Millions)
2003 net revenue	$4,214.5
Volume/weather	68.3
Summer capacity charges	17.4
Base rates	10.6
Deferred fuel cost revisions	-46.3
Price applied to unbilled sales	-19.3
Other	-1.2
2004 net revenue	$4,244.0

']

Question: what is the growth rate in net revenue in 2004 for entergy corporation?
Answer: 0.007