Entergy Corporation and Subsidiaries Notes to Financial Statements 131 Sale and Leaseback Transactions Waterford 3 Lease Obligations In 1989, in three separate but substantially identical transactions, Entergy Louisiana sold and leased back undivided interests in Waterford 3 for the aggregate sum of $353.6 million.
The interests represent approximately 9.3% of Waterford 3.
The leases expire in 2017.
Under certain circumstances, Entergy Louisiana may repurchase the leased interests prior to the end of the term of the leases.
At the end of the lease terms, Entergy Louisiana has the option to repurchase the leased interests in Waterford 3 at fair market value or to renew the leases for either fair market value or, under certain conditions, a fixed rate.
Entergy Louisiana issued $208.2 million of non-interest bearing first mortgage bonds as collateral for the equity portion of certain amounts payable under the leases.
Upon the occurrence of certain events, Entergy Louisiana may be obligated to assume the outstanding bonds used to finance the purchase of the interests in the unit and to pay an amount sufficient to withdraw from the lease transaction.
Such events include lease events of default, events of loss, deemed loss events, or certain adverse “Financial Events.
” “Financial Events” include, among other things, failure by Entergy Louisiana, following the expiration of any applicable grace or cure period, to maintain (i) total equity capital (including preferred membership interests) at least equal to 30% of adjusted capitalization, or (ii) a fixed charge coverage ratio of at least 1.50 computed on a rolling 12 month basis.
As of December 31, 2011, Entergy Louisiana was in compliance with these provisions.
As of December 31, 2011, Entergy Louisiana had future minimum lease payments (reflecting an overall implicit rate of 7.45%) in connection with the Waterford 3 sale and leaseback transactions, which are recorded as long-term debt, as follows:
## Table 0 ##
Grand Gulf Lease Obligations In 1988, in two separate but substantially identical transactions, System Energy sold and leased back undivided ownership interests in Grand Gulf for the aggregate sum of $500 million.
The interests represent approximately 11.5% of Grand Gulf.
The leases expire in 2015.
Under certain circumstances, System Entergy may repurchase the leased interests prior to the end of the term of the leases.
At the end of the lease terms, System Energy has the option to repurchase the leased interests in Grand Gulf at fair market value or to renew the leases for either fair market value or, under certain conditions, a fixed rate.
System Energy is required to report the sale-leaseback as a financing transaction in its financial statements.
For financial reporting purposes, System Energy expenses the interest portion of the lease obligation and the plant depreciation.
However, operating revenues include the recovery of the lease payments because the transactions are accounted for as a sale and leaseback for ratemaking purposes.
Consistent with a recommendation contained in a
Part I Item 1 Entergy Corporation, Utility operating companies, and System Energy 202 Entergy New Orleans provides electric and gas service in the City of New Orleans pursuant to indeterminate permits set forth in city ordinances (except electric service in Algiers, which is provided by Entergy Louisiana).
These ordinances contain a continuing option for the City of New Orleans to purchase Entergy New Orleans’s electric and gas utility properties.
Entergy Texas holds a certificate of convenience and necessity from the PUCT to provide electric service to areas within approximately 27 counties in eastern Texas, and holds non-exclusive franchises to provide electric service in approximately 68 incorporated municipalities.
Entergy Texas was typically granted 50-year franchises, but recently has been receiving 25-year franchises.
Entergy Texas’s electric franchises expire during 2013-2058.
The business of System Energy is limited to wholesale power sales.
It has no distribution franchises.
Property and Other Generation Resources Generating Stations The total capability of the generating stations owned and leased by the Utility operating companies and System Energy as of December 31, 2011, is indicated below:
## Table 1 ##
(1) “Owned and Leased Capability” is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.
The Entergy System's load and capacity projections are reviewed periodically to assess the need and timing for additional generating capacity and interconnections.
These reviews consider existing and projected demand, the availability and price of power, the location of new load, and the economy.
Summer peak load in the Entergy System service territory has averaged 21,246 MW from 2002-2011.
In the 2002 time period, the Entergy System's long-term capacity resources, allowing for an adequate reserve margin, were approximately 3,000 MW less than the total capacity required for peak period demands.
In this time period the Entergy System met its capacity shortages almost entirely through short-term power purchases in the wholesale spot market.
In the fall of 2002, the Entergy System began a program to add new resources to its existing generation portfolio and began a process of issuing requests for proposals (RFP) to procure supply-side resources from sources other than the spot market to meet the unique regional needs of the Utility operating companies.
The Entergy System has adopted a long-term resource strategy that calls for the bulk of capacity needs to be met through long-term resources, whether owned or contracted.
Entergy refers to this strategy as the "Portfolio Transformation Strategy".
Over the past nine years, Portfolio Transformation has resulted in the addition of about 4,500 MW of new long-term resources.
These figures do not include transactions currently pending as a result of the Summer 2009 RFP.
When the Summer 2009 RFP transactions are included in the Entergy System portfolio of long-term resources and adjusting for unit deactivations of older generation, the Entergy System is approximately 500 MW short of its projected 2012 peak load plus reserve margin.
This remaining need is expected to be met through a nuclear uprate at Grand Gulf and limited-term resources.
The Entergy System will continue to access the spot power market to economically
Entergy Corporation and Subsidiaries Management's Financial Discussion and Analysis 8 Refer to “SELECTED FINANCIAL DATA - FIVE-YEAR COMPARISON OF ENTERGY CORPORATION AND SUBSIDIARIES” which accompanies Entergy Corporation’s financial statements in this report for further information with respect to operating statistics.
In November 2007 the Board approved a plan to pursue a separation of Entergy’s non-utility nuclear business from Entergy through a spin-off of the business to Entergy shareholders.
In April 2010, Entergy announced that it planned to unwind the business infrastructure associated with the proposed spin-off transaction.
As a result of the plan to unwind the business infrastructure, Entergy recorded expenses in 2010 for the write-off of certain capitalized costs incurred in connection with the planned spin-off transaction.
These costs are discussed in more detail below and throughout this section.
Net Revenue Utility Following is an analysis of the change in net revenue comparing 2010 to 2009.
## Table 2 ##
The volume/weather variance is primarily due to an increase of 8,362 GWh, or 8%, in billed electricity usage in all retail sectors, including the effect on the residential sector of colder weather in the first quarter 2010 compared to 2009 and warmer weather in the second and third quarters 2010 compared to 2009.
The industrial sector reflected strong sales growth on continuing signs of economic recovery.
The improvement in this sector was primarily driven by inventory restocking and strong exports with the chemicals, refining, and miscellaneous manufacturing sectors leading the improvement.
The retail electric price variance is primarily due to: x increases in the formula rate plan riders at Entergy Gulf States Louisiana effective November 2009, January 2010, and September 2010, at Entergy Louisiana effective November 2009, and at Entergy Mississippi effective July 2009; x a base rate increase at Entergy Arkansas effective July 2010; x rate actions at Entergy Texas, including base rate increases effective in May and August 2010; x a formula rate plan provision of $16.6 million recorded in the third quarter 2009 for refunds that were made to customers in accordance with settlements approved by the LPSC; and x the recovery in 2009 by Entergy Arkansas of 2008 extraordinary storm costs, as approved by the APSC, which ceased in January 2010.
The recovery of storm costs is offset in other operation and maintenance expenses.
See Note 2 to the financial statements for further discussion of the proceedings referred to above.
Part I Item 1 Entergy Corporation, Utility operating companies, and System Energy 236 Asbestos Litigation (Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas) Numerous lawsuits have been filed in federal and state courts primarily in Texas and Louisiana, primarily by contractor employees who worked in the 1940-1980s timeframe, against Entergy Gulf States Louisiana and Entergy Texas, and to a lesser extent the other Utility operating companies, as premises owners of power plants, for damages caused by alleged exposure to asbestos.
Many other defendants are named in these lawsuits as well.
Currently, there are approximately 500 lawsuits involving approximately 5,000 claimants.
Management believes that adequate provisions have been established to cover any exposure.
Additionally, negotiations continue with insurers to recover reimbursements.
Management believes that loss exposure has been and will continue to be handled so that the ultimate resolution of these matters will not be material, in the aggregate, to the financial position or results of operation of the Utility operating companies.
Employment and Labor-related Proceedings (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) The Registrant Subsidiaries and other Entergy subsidiaries are responding to various lawsuits in both state and federal courts and to other labor-related proceedings filed by current and former employees.
Generally, the amount of damages being sought is not specified in these proceedings.
These actions include, but are not limited to, allegations of wrongful employment actions; wage disputes and other claims under the Fair Labor Standards Act or its state counterparts; claims of race, gender and disability discrimination; disputes arising under collective bargaining agreements; unfair labor practice proceedings and other administrative proceedings before the National Labor Relations Board; claims of retaliation; and claims for or regarding benefits under various Entergy Corporation sponsored plans.
Entergy and the Registrant Subsidiaries are responding to these suits and proceedings and deny liability to the claimants.
Employees Employees are an integral part of Entergy’s commitment to serving customers.
As of December 31, 2011, Entergy subsidiaries employed 14,682 people.
## Table 3 ##
Approximately 5,300 employees are represented by the International Brotherhood of Electrical Workers, the Utility Workers Union of America, the International Brotherhood of Teamsters, the United Government Security Officers of America, and the International Union, Security, Police, Fire Professionals of America.
Part I Item 1 Entergy Corporation, Utility operating companies, and System Energy

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td>Amount (In Thousands)</td></tr><tr><td>2012</td><td>$39,067</td></tr><tr><td>2013</td><td>26,301</td></tr><tr><td>2014</td><td>31,036</td></tr><tr><td>2015</td><td>28,827</td></tr><tr><td>2016</td><td>16,938</td></tr><tr><td>Years thereafter</td><td>106,335</td></tr><tr><td>Total</td><td>248,504</td></tr><tr><td>Less: Amount representing interest</td><td>60,249</td></tr><tr><td>Present value of net minimum lease payments</td><td>$188,255</td></tr></table>
<table><tr><td></td><td colspan="5">Owned and Leased Capability MW-1</td></tr><tr><td>Company</td><td>Total</td><td>Gas/Oil</td><td>Nuclear</td><td>Coal</td><td>Hydro</td></tr><tr><td>Entergy Arkansas</td><td>4,774</td><td>1,668</td><td>1,823</td><td>1,209</td><td>74</td></tr><tr><td>Entergy Gulf States Louisiana</td><td>3,317</td><td>1,980</td><td>974</td><td>363</td><td>-</td></tr><tr><td>Entergy Louisiana</td><td>5,424</td><td>4,265</td><td>1,159</td><td>-</td><td>-</td></tr><tr><td>Entergy Mississippi</td><td>3,229</td><td>2,809</td><td>-</td><td>420</td><td>-</td></tr><tr><td>Entergy New Orleans</td><td>764</td><td>764</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Entergy Texas</td><td>2,538</td><td>2,269</td><td>-</td><td>269</td><td>-</td></tr><tr><td>System Energy</td><td>1,071</td><td>-</td><td>1,071</td><td>-</td><td>-</td></tr><tr><td>Total</td><td>21,117</td><td>13,755</td><td>5,027</td><td>2,261</td><td>74</td></tr></table>
<table><tr><td></td><td>Amount (In Millions)</td></tr><tr><td>2009 net revenue</td><td>$4,694</td></tr><tr><td>Volume/weather</td><td>231</td></tr><tr><td>Retail electric price</td><td>137</td></tr><tr><td>Provision for regulatory proceedings</td><td>26</td></tr><tr><td>Rough production cost equalization</td><td>19</td></tr><tr><td>ANO decommissioning trust</td><td>-24</td></tr><tr><td>Fuel recovery</td><td>-44</td></tr><tr><td>Other</td><td>12</td></tr><tr><td>2010 net revenue</td><td>$5,051</td></tr></table>
<table><tr><td>Entergy Arkansas</td><td>1,357</td></tr><tr><td>Entergy Gulf States Louisiana</td><td>805</td></tr><tr><td>Entergy Louisiana</td><td>937</td></tr><tr><td>Entergy Mississippi</td><td>736</td></tr><tr><td>Entergy New Orleans</td><td>342</td></tr><tr><td>Entergy Texas</td><td>674</td></tr><tr><td>System Energy</td><td>-</td></tr><tr><td>Entergy Operations</td><td>2,867</td></tr><tr><td>Entergy Services</td><td>3,138</td></tr><tr><td>Entergy Nuclear Operations</td><td>3,709</td></tr><tr><td>Other subsidiaries</td><td>117</td></tr><tr><td>Total Entergy</td><td>14,682</td></tr></table>

Question: what was the percentage change of the net revenue in 2010
Answer: 0.07605
Reasoning program: subtract(5051,4694), divide(#0,4694)