American International Group, Inc. , and Subsidiaries The fair value of AIGFP’s trading investments in RMBS, CDO, ABS and other collateralized securities was as follows:
## Table 0 ##
These securities are used to collateralize AIGFP’s secured financing arrangements including the obligations of its asset backed commercial paper conduit.
Securities Lending Activities AIG’s securities lending program historically operated as centrally managed by AIG Investments for the benefit of certain of AIG’s insurance companies.
Under this program, securities were loaned to various financial institutions, primarily major banks and brokerage firms.
Cash collateral was received and was invested in fixed maturity securities to earn a net spread.
The amount of cash advanced by borrowers declined in 2008 due in part to the availability of alternative transactions requiring less collateral.
During the fourth quarter of 2008, in connection with certain securities lending transactions, AIG met the requirements of sale accounting as prescribed by FAS 140 because collateral received was insufficient to fund substantially all of the cost of purchasing replacement assets.
Accordingly, AIG recognized $2.4 billion of net realized capital losses on deemed sales of the securities it had lent.
Also, net realized capital losses in 2008 included a loss of $2.3 billion, incurred in the fourth quarter of 2008, on RMBS prior to their purchase by ML II.
Also see Note 5 to the Consolidated Financial Statements.
A significant portion of the collateral received was invested in RMBS with cash flows having tenors longer than the liabilities to the counterparties.
The value of those collateral securities declined during the latter part of 2007 and throughout 2008 and trading in such securities was extremely limited.
Given these events, AIG began increasing liquidity in the securities lending pool by increasing the amount of cash and overnight investments that in the third quarter of 2007 comprised the securities lending invested collateral.
Due to AIG-specific credit concerns and systemic issues in the financial markets in the third quarter of 2008, counterparties began curtailing their participation in the program.
As a result, liquidity in the collateral pools became constrained.
At September 30, 2008, AIG had borrowed approximately $11.5 billion under the Fed Facility to provide liquidity to the securities lending program.
On October 8, 2008, AIG announced that certain of its domestic life insurance subsidiaries had entered into a securities lending agreement with the NY Fed pursuant to which the NY Fed agreed to borrow, on an overnight basis, up to $37.8 billion in investment grade fixed income securities from these AIG subsidiaries in return for cash collateral.
The Securities Lending Agreement assisted AIG in meeting its obligations to borrowers requesting the return of their cash collateral.
On December 12, 2008, AIG, certain of AIG’s wholly owned U. S.  life insurance subsidiaries, and AIG Securities Lending Corp.  (the AIG Agent), another AIG subsidiary, entered into the ML II Agreement with ML II.
Pursuant to the ML II Agreement, the life insurance subsidiaries sold to ML II all of their undivided interests in a pool of $39.3 billion face amount of RMBS held by the AIG Agent as agent of the life insurance subsidiaries in connection with AIG’s U. S.  securities lending program.
In exchange for the RMBS, the life insurance subsidiaries received an initial purchase price of $19.8 billion plus the right to receive deferred contingent portions of the total purchase price of $1 billion plus participation in the residual, each of which is subordinated to the repayment of the NY Fed loan to ML II.
These life insurance subsidiaries applied the net cash proceeds of sale of the RMBS toward the amounts due by such life insurance subsidiaries in terminating both the U. S.  securities lending program and the
American International Group, Inc. , and Subsidiaries The aging of the unrealized losses of RMBS, CMBS, CDOs and ABS with fair values greater than 20 percent and 50 percent less than their cost at December 31, 2008 (in footnote (f) to the table above) is shown in the table below, which provides the period in which those securities in unrealized loss positions would become candidates for impairment solely because they have been trading at a discount for nine consecutive months (AIG’s other-than-temporary aging guideline) without regard to the level of discount (AIG’s otherthan-temporary trading level guideline), assuming prices remained unchanged.
## Table 1 ##
Given the current difficult market conditions, AIG is not able to predict reasonably likely changes in the prices of these securities.
Moreover, AIG is unable to assess the effect, if any, that potential sales of securities pursuant to TARP will have on the pricing of its available for sale securities.
Unrealized gains and losses At December 31, 2008, the carrying value of AIG’s available for sale fixed maturity and equity securities aggregated $375.3 billion.
At December 31, 2008, aggregate pre-tax unrealized gains for fixed maturity and equity securities were $14.8 billion ($9.6 billion after tax).
At December 31, 2008, the aggregate pre-tax gross unrealized losses on fixed maturity and equity securities were $25.0 billion ($16.3 billion after tax).
Additional information about these securities is as follows: ?
These securities were valued, in the aggregate, at approximately 88 percent of their current amortized cost.  ?
Approximately 24 percent of these securities were valued at less than 20 percent of their current cost, or amortized cost.  ?
Approximately five percent of the fixed maturity securities had issuer credit ratings which were below investment grade.
AIG did not consider these securities in an unrealized loss position to be other-than-temporarily impaired at December 31, 2008, because management has the intent and ability to hold these investments until they recover their cost basis within a recovery period deemed to be temporary.
In performing this evaluation, management considered the market recovery periods for securities in previous periods of broad market declines.
In addition, for certain securities with more significant declines, management performed extended fundamental credit analysis on a security-by-security basis including consideration of credit enhancements, expected defaults on underlying collateral, review of relevant industry analyst reports and forecasts and other market available data.
In management’s view this analysis provides persuasive evidence sufficient to conclude that such severe declines in fair value below amortized cost should not be considered other than temporary.
In 2008, unrealized losses related to investment grade bonds increased $10.6 billion ($6.9 billion after tax), reflecting the widening of credit spreads, partially offset by the effects of a decline in risk-free interest rates.
Notes to Consolidated Financial Statements — (Continued) AIG’s U. S.  qualified retirement plans are noncontributory defined benefit plans which are subject to the provisions of ERISA.
U. S.  salaried employees who are employed by a participating company, have attained age 21 and completed twelve months of continuous service are eligible to participate in the plans.
Employees generally vest after 5 years of service.
Unreduced benefits are paid to retirees at normal retirement (age 65) and are based upon a percentage of final average compensation multiplied by years of credited service, up to 44 years.
Non-U.
S.  defined benefit plans are generally either based on the employee’s years of credited service and compensation in the years preceding retirement or on points accumulated based on the employee’s job grade and other factors during each year of service.
In 2007, AIG acquired the outstanding minority interest of 21st Century.
Assets, obligations and costs with respect to 21st Century’s plans are included herein.
The assumptions used by 21st Century in its plans were not significantly different from those used by AIG in AIG’s U. S.  plans.
AIG also sponsors several unfunded defined benefit plans for certain employees, including key executives, designed to supplement pension benefits provided by AIG’s other retirement plans.
These include the AIG Excess Retirement Income Plan, which provides a benefit equal to the reduction in benefits payable to certain employees under the AIG U. S.  retirement plan as a result of federal tax limitations on compensation and benefits payable and the Supplemental Executive Retirement Plan, which provides additional retirement benefits to designated executives.
Under the Supplemental Plan, an annual benefit accrues at a percentage of final average pay multiplied by each year of credited service, not greater than 60 percent of final average pay, reduced by any benefits from the current and any predecessor retirement plans (including the AIG Excess Retirement Income Plan and any comparable plans), Social Security, if any, and from any qualified pension plan of prior employers.
Postretirement Plans AIG and its subsidiaries also provide postretirement medical care and life insurance benefits in the U. S.  and in certain non-U.
S.  countries.
Eligibility in the various plans is generally based upon completion of a specified period of eligible service and attaining a specified age.
Overseas, benefits vary by geographic location.
U. S.  postretirement medical and life insurance benefits are based upon the employee electing immediate retirement and having a minimum of ten years of service.
Medical benefits are contributory, while the life insurance benefits are non-contributory.
Retiree medical contributions vary with age and length of service and range from requiring no cost for pre-1989 retirees to requiring actual premium payments reduced by certain credits for post- 1993 retirees.
These contributions are subject to adjustment annually.
Other cost sharing features of the medical plan include deductibles, coinsurance, Medicare coordination and a lifetime maximum benefit of $2 million.
The following table presents the funded status of the plans, reconciled to the amount reported in the consolidated balance sheet.
The measurement date for some of the non-U.
S.  defined benefit pension and postretirement plans is November 30, consistent with the fiscal year-end of the sponsoring companies.
For all other plans, measurement occurs as of December 31, 2008.
## Table 2 ##
Entergy Texas, Inc.  Management's Financial Discussion and Analysis 360 Net Revenue 2008 Compared to 2007 Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges.
Following is an analysis of the change in net revenue comparing 2008 to 2007.
## Table 3 ##
The volume/weather variance is primarily due to decreased usage during the unbilled sales period.
See "Critical Accounting Estimates" below and Note 1 to the financial statements for further discussion of the accounting for unbilled revenues.
The reserve equalization variance is primarily due to lower reserve equalization revenue related to changes in the Entergy System generation mix compared to the same period in 2007.
The securitization transition charge variance is primarily due to the issuance of securitization bonds.
In June 2007, Entergy Gulf States Reconstruction Funding I, a company wholly-owned and consolidated by Entergy Texas, issued securitization bonds and with the proceeds purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.
See Note 5 to the financial statements for additional information regarding the securitization bonds.
The fuel recovery variance is primarily due to a reserve for potential rate refunds made in the first quarter 2007 as a result of a PUCT ruling related to the application of past PUCT rulings addressing transition to competition in Texas.
The Other variance is primarily caused by various operational effects of the jurisdictional separation on revenues and fuel and purchased power expenses.
Gross operating revenues, fuel and purchased power expenses, and other regulatory charges Gross operating revenues increased $229.3 million primarily due to the following reasons: x an increase of $157 million in fuel cost recovery revenues due to higher fuel rates and increased usage, partially offset by interim fuel refunds to customers for fuel cost recovery over-collections through November 2007.
The refund was distributed over a two-month period beginning February 2008.
The interim refund and the PUCT approval is discussed in Note 2 to the financial statements; x an increase of $37.1 million in affiliated wholesale revenue primarily due to increases in the cost of energy; x an increase in transition charge amounts collected from customers to service the securitization bonds as discussed above.
See Note 5 to the financial statements for additional information regarding the securitization bonds; and x implementation of an interim surcharge to collect $10.3 million in under-recovered incremental purchased capacity costs incurred through July 2007.
The surcharge was collected over a two-month period beginning February 2008.
The incremental capacity recovery rider and PUCT approval is discussed in Note 2 to the financial statements.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="2"> At December 31,   2008</td></tr><tr><td></td><td> Fair </td><td> Percent </td></tr><tr><td></td><td> Value</td><td> of Total</td></tr><tr><td></td><td colspan="2"> (In millions)</td></tr><tr><td>RMBS</td><td>$3,679</td><td>30%</td></tr><tr><td>CMBS</td><td>2,020</td><td>16</td></tr><tr><td>CDO/ABS and other collateralized</td><td>6,746</td><td>54</td></tr><tr><td>Total</td><td>$12,445</td><td>100%</td></tr></table>
<table><tr><td></td><td> First   Quarter   2009</td><td> Second   Quarter   2009</td><td> Third   Quarter   2009</td><td> Total</td></tr><tr><td></td><td colspan="4"> (In millions)</td></tr><tr><td>Unrealized loss percent:</td><td></td><td></td><td></td><td></td></tr><tr><td>Greater than 25 percent</td><td>$46</td><td>$275</td><td>$4,181</td><td>$4,502</td></tr><tr><td>20 to less than 25 percent</td><td>$—</td><td>$—</td><td>$791</td><td>$791</td></tr></table>
<table><tr><td></td><td colspan="4">Pension</td><td colspan="4">Postretirement (a)</td></tr><tr><td></td><td colspan="2">Non-U.S. Plans (b)</td><td colspan="2">U.S. Plans (c)</td><td colspan="2">Non-U.S. Plans</td><td colspan="2">U.S. Plans</td></tr><tr><td> As of or for the Year Ended December 31, 2008</td><td> 2008</td><td>2007</td><td> 2008</td><td>2007</td><td> 2008</td><td>2007</td><td> 2008</td><td>2007</td></tr><tr><td></td><td colspan="8">(In millions)</td></tr><tr><td> Change in projected benefit obligation:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Benefit obligation, beginning of year</td><td>$1,745</td><td>$1,578</td><td>$3,156</td><td>$3,079</td><td>$79</td><td>$53</td><td>$257</td><td>$252</td></tr><tr><td>Service cost</td><td>112</td><td>90</td><td>132</td><td>135</td><td>8</td><td>5</td><td>8</td><td>11</td></tr><tr><td>Interest cost</td><td>62</td><td>50</td><td>202</td><td>186</td><td>4</td><td>3</td><td>16</td><td>15</td></tr><tr><td>Participant contributions</td><td>4</td><td>4</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Actuarial (gain) loss</td><td>85</td><td>-12</td><td>374</td><td>-159</td><td>15</td><td>-2</td><td>16</td><td>-3</td></tr><tr><td>Plan amendments and mergers</td><td>1</td><td>-2</td><td>—</td><td>17</td><td>—</td><td>—</td><td>—</td><td>—</td></tr></table>
<table><tr><td></td><td>Amount (In Millions)</td></tr><tr><td>2007 net revenue</td><td>$442.3</td></tr><tr><td>Volume/weather</td><td>-4.6</td></tr><tr><td>Reserve equalization</td><td>-3.3</td></tr><tr><td>Securitization transition charge</td><td>9.1</td></tr><tr><td>Fuel recovery</td><td>7.5</td></tr><tr><td>Other</td><td>-10.1</td></tr><tr><td>2008 net revenue</td><td>$440.9</td></tr></table>

Question: what percent of the net change in revenue between 2007 and 2008 was due to fuel recovery?
Answer: -5.35714
Reasoning program: subtract(440.9,442.3), divide(7.5,#0)