Entergy Corporation and Subsidiaries Notes to Financial Statements 103 In November 2000, Entergy's Non-Utility Nuclear business purchased the FitzPatrick and Indian Point 3 power plants in a seller-financed transaction.
Entergy issued notes to NYPA with seven annual installments of approximately $108 million commencing one year from the date of the closing, and eight annual installments of $20 million commencing eight years from the date of the closing.
These notes do not have a stated interest rate, but have an implicit interest rate of 4.8%.
In accordance with the purchase agreement with NYPA, the purchase of Indian Point 2 in 2001 resulted in Entergy's Non-Utility Nuclear business becoming liable to NYPA for an additional $10 million per year for 10 years, beginning in September 2003.
This liability was recorded upon the purchase of Indian Point 2 in September 2001, and is included in the note payable to NYPA balance above.
In July 2003, a payment of $102 million was made prior to maturity on the note payable to NYPA.
Under a provision in a letter of credit supporting these notes, if certain of the Utility operating companies or System Energy were to default on other indebtedness, Entergy could be required to post collateral to support the letter of credit.
Covenants in the Entergy Corporation notes require it to maintain a consolidated debt ratio of 65% or less of its total capitalization.
If Entergy's debt ratio exceeds this limit, or if Entergy Corporation or certain of the Utility operating companies default on other indebtedness or are in bankruptcy or insolvency proceedings, an acceleration of the notes' maturity dates may occur.
Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy Texas, and System Energy have received FERC long-term financing orders authorizing long-term securities issuances.
Entergy Arkansas has received an APSC long-term financing order authorizing long-term securities issuances.
The long-term securities issuances of Entergy New Orleans are limited to amounts authorized by the City Council, and the current authorization extends through August 2010.
Capital Funds Agreement Pursuant to an agreement with certain creditors, Entergy Corporation has agreed to supply System Energy with sufficient capital to: x maintain System Energy's equity capital at a minimum of 35% of its total capitalization (excluding shortterm debt); x permit the continued commercial operation of Grand Gulf; x pay in full all System Energy indebtedness for borrowed money when due; and x enable System Energy to make payments on specific System Energy debt, under supplements to the agreement assigning System Energy's rights in the agreement as security for the specific debt.
Entergy Texas Securitization Bonds - Hurricane Rita In April 2007, the PUCT issued a financing order authorizing the issuance of securitization bonds to recover $353 million of Entergy Texas' Hurricane Rita reconstruction costs and up to $6 million of transaction costs, offset by $32 million of related deferred income tax benefits.
In June 2007, Entergy Gulf States Reconstruction Funding I, LLC, a company wholly-owned and consolidated by Entergy Texas, issued $329.5 million of senior secured transition bonds (securitization bonds), as follows:
## Table 0 ##
Entergy Corporation and Subsidiaries Management's Financial Discussion and Analysis 17 The purchased power capacity variance is primarily due to higher capacity charges.
A portion of the variance is due to the amortization of deferred capacity costs and is offset in base revenues due to base rate increases implemented to recover incremental deferred and ongoing purchased power capacity charges.
The volume/weather variance is primarily due to the effect of less favorable weather compared to the same period in 2007 and decreased electricity usage primarily during the unbilled sales period.
Hurricane Gustav and Hurricane Ike, which hit the Utility's service territories in September 2008, contributed an estimated $46 million to the decrease in electricity usage.
Industrial sales were also depressed by the continuing effects of the hurricanes and, especially in the latter part of the year, because of the overall decline of the economy, leading to lower usage in the latter part of the year affecting both the large customer industrial segment as well as small and mid-sized industrial customers.
The decreases in electricity usage were partially offset by an increase in residential and commercial customer electricity usage that occurred during the periods of the year not affected by the hurricanes.
The retail electric price variance is primarily due to: x an increase in the Attala power plant costs recovered through the power management rider by Entergy Mississippi.
The net income effect of this recovery is limited to a portion representing an allowed return on equity with the remainder offset by Attala power plant costs in other operation and maintenance expenses, depreciation expenses, and taxes other than income taxes; x a storm damage rider that became effective in October 2007 at Entergy Mississippi; and x an Energy Efficiency rider that became effective in November 2007 at Entergy Arkansas.
The establishment of the storm damage rider and the Energy Efficiency rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no impact on net income.
The retail electric price variance was partially offset by: x the absence of interim storm recoveries through the formula rate plans at Entergy Louisiana and Entergy Gulf States Louisiana which ceased upon the Act 55 financing of storm costs in the third quarter 2008; and x a credit passed on to customers as a result of the Act 55 storm cost financings.
Refer to "Liquidity and Capital Resources - Hurricane Katrina and Hurricane Rita" below and Note 2 to the financial statements for a discussion of the interim recovery of storm costs and the Act 55 storm cost financings.
Non-Utility Nuclear Following is an analysis of the change in net revenue comparing 2008 to 2007.
## Table 1 ##
As shown in the table above, net revenue for Non-Utility Nuclear increased by $495 million, or 27%, in 2008 compared to 2007 primarily due to higher pricing in its contracts to sell power, additional production available from the acquisition of Palisades in April 2007, and fewer outage days.
In addition to the refueling outages shown in the
ENTERGY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF RETAINED EARNINGS, COMPREHENSIVE INCOME, AND PAID-IN CAPITAL
## Table 2 ##
Entergy Corporation and Subsidiaries Notes to Financial Statements 74 Fuel and purchased power cost recovery Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas are allowed to recover certain fuel and purchased power costs through fuel mechanisms included in electric and gas rates that are recorded as fuel cost recovery revenues.
The difference between revenues collected and the current fuel and purchased power costs is recorded as "Deferred fuel costs" on the Utility operating companies' financial statements.
The table below shows the amount of deferred fuel costs as of December 31, 2009 and 2008, that Entergy expects to recover (or return to customers) through fuel mechanisms, subject to subsequent regulatory review.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td>Amount (In Thousands)</td></tr><tr><td>Senior Secured Transition Bonds, Series A:</td><td></td></tr><tr><td>Tranche A-1 -5.51% due October 2013</td><td>$93,500</td></tr><tr><td>Tranche A-2 -5.79% due October 2018</td><td>121,600</td></tr><tr><td>Tranche A-3 -5.93% due June 2022</td><td>114,400</td></tr><tr><td>Total senior secured transition bonds</td><td>$329,500</td></tr></table>
<table><tr><td></td><td>Amount (In Millions)</td></tr><tr><td>2007 net revenue</td><td>$1,839</td></tr><tr><td>Realized price changes</td><td>309</td></tr><tr><td>Palisades acquisition</td><td>98</td></tr><tr><td>Volume variance (other than Palisades)</td><td>73</td></tr><tr><td>Fuel expenses (other than Palisades)</td><td>-19</td></tr><tr><td>Other</td><td>34</td></tr><tr><td>2008 net revenue</td><td>$2,334</td></tr></table>
<table><tr><td></td><td colspan="6">For the Years Ended December 31,</td></tr><tr><td></td><td colspan="2">2009</td><td colspan="2">2008</td><td colspan="2">2007</td></tr><tr><td></td><td colspan="6">(In Thousands)</td></tr><tr><td>RETAINED EARNINGS</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Retained Earnings - Beginning of period</td><td>$7,382,719</td><td></td><td>$6,735,965</td><td></td><td>$6,113,042</td><td></td></tr><tr><td>Add:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net income attributable to Entergy Corporation</td><td>1,231,092</td><td>$1,231,092</td><td>1,220,566</td><td>$1,220,566</td><td>1,134,849</td><td>$1,134,849</td></tr><tr><td>Adjustments related to implementation of new accounting pronouncements</td><td>6,365</td><td></td><td>-</td><td></td><td>-4,600</td><td></td></tr><tr><td>Total</td><td>1,237,457</td><td></td><td>1,220,566</td><td></td><td>1,130,249</td><td></td></tr><tr><td>Deduct:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Dividends declared on common stock</td><td>576,913</td><td></td><td>573,924</td><td></td><td>507,326</td><td></td></tr><tr><td>Capital stock and other expenses</td><td>141</td><td></td><td>-112</td><td></td><td>-</td><td></td></tr><tr><td>Total</td><td>577,054</td><td></td><td>573,812</td><td></td><td>507,326</td><td></td></tr><tr><td>Retained Earnings - End of period</td><td>$8,043,122</td><td></td><td>$7,382,719</td><td></td><td>$6,735,965</td><td></td></tr><tr><td>ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Balance at beginning of period:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated derivative instrument fair value changes</td><td>$120,830</td><td></td><td>$-12,540</td><td></td><td>$-105,578</td><td></td></tr><tr><td>Pension and other postretirement liabilities</td><td>-232,232</td><td></td><td>-107,145</td><td></td><td>-105,909</td><td></td></tr><tr><td>Net unrealized investment gains</td><td>-4,402</td><td></td><td>121,611</td><td></td><td>104,551</td><td></td></tr><tr><td>Foreign currency translation</td><td>3,106</td><td></td><td>6,394</td><td></td><td>6,424</td><td></td></tr><tr><td>Total</td><td>-112,698</td><td></td><td>8,320</td><td></td><td>-100,512</td><td></td></tr><tr><td>Net derivative instrument fair value changes</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>arising during the period (net of tax expense of $333, $78,837 and $57,185)</td><td>-2,887</td><td>-2,887</td><td>133,370</td><td>133,370</td><td>93,038</td><td>93,038</td></tr><tr><td>Pension and other postretirement liabilities (net of tax expense (benefit) of($34,415), ($68,076) and $29,994)</td><td>-35,707</td><td>-35,707</td><td>-125,087</td><td>-125,087</td><td>-1,236</td><td>-1,236</td></tr><tr><td>Net unrealized investment gains (net of tax expense (benefit) of $102,845,($108,049) and $23,562)</td><td>82,929</td><td>82,929</td><td>-126,013</td><td>-126,013</td><td>17,060</td><td>17,060</td></tr><tr><td>Adjustment related to implementation of new accounting pronouncement(net of tax benefit of ($4,921))</td><td>-6,365</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td></tr><tr><td>Foreign currency translation (net of tax benefit of ($246), ($1,770) and ($16))</td><td>-457</td><td>-457</td><td>-3,288</td><td>-3,288</td><td>-30</td><td>-30</td></tr><tr><td>Balance at end of period:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Accumulated derivative instrument fair value changes</td><td>117,943</td><td></td><td>120,830</td><td></td><td>-12,540</td><td></td></tr><tr><td>Pension and other postretirement liabilities</td><td>-267,939</td><td></td><td>-232,232</td><td></td><td>-107,145</td><td></td></tr><tr><td>Net unrealized investment gains</td><td>72,162</td><td></td><td>-4,402</td><td></td><td>121,611</td><td></td></tr><tr><td>Foreign currency translation</td><td>2,649</td><td></td><td>3,106</td><td></td><td>6,394</td><td></td></tr><tr><td>Total</td><td>$-75,185</td><td></td><td>$-112,698</td><td></td><td>$8,320</td><td></td></tr><tr><td>Add: preferred dividend requirements of subsidiaries</td><td></td><td>19,958</td><td></td><td>19,969</td><td></td><td>25,105</td></tr><tr><td>Comprehensive Income</td><td></td><td>$1,294,928</td><td></td><td>$1,119,517</td><td></td><td>$1,268,786</td></tr><tr><td>PAID-IN CAPITAL</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Paid-in Capital - Beginning of period</td><td>$4,869,303</td><td></td><td>$4,850,769</td><td></td><td>$4,827,265</td><td></td></tr><tr><td>Add:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Common stock issuances in settlement of equity unit purchase contracts</td><td>499,934</td><td></td><td>-</td><td></td><td>-</td><td></td></tr><tr><td>Common stock issuances related to stock plans</td><td>805</td><td></td><td>18,534</td><td></td><td>23,504</td><td></td></tr><tr><td>Total</td><td>500,739</td><td></td><td>18,534</td><td></td><td>23,504</td><td></td></tr><tr><td>Paid-in Capital - End of period</td><td>$5,370,042</td><td></td><td>$4,869,303</td><td></td><td>$4,850,769</td><td></td></tr></table>

Question: what portion of the increase in net revenue from non-utility nuclear is attributed to the change in realized price?
Answer: 0.62424
Reasoning program: divide(309,495)