entergy arkansas , inc .
management's financial discussion and analysis financing alternatives for any such spending , and future spending estimates could change based on the results of this continuing 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 , market volatility , economic trends , environmental compliance , 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 .
as a wholly-owned subsidiary , entergy arkansas pays dividends to entergy corporation from its earnings at a percentage determined monthly .
entergy arkansas' long-term debt indentures restrict the amount of retained earnings available for the payment of cash dividends or other distributions on its common and preferred stock .
as of december 31 , 2008 , entergy arkansas had restricted retained earnings unavailable for distribution to entergy corporation of $ 461.6 million .
sources of capital entergy arkansas' sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt or preferred stock issuances ; and bank financing under new or existing facilities .
entergy arkansas may refinance or redeem debt and preferred stock prior to maturity , to the extent market conditions and interest and dividend rates are favorable .
all debt and common and preferred stock issuances by entergy arkansas require prior regulatory approval .
preferred stock and debt issuances are also subject to issuance tests set forth in entergy arkansas' corporate charters , bond indentures , and other agreements .
entergy arkansas has sufficient capacity under these tests to meet its foreseeable capital needs .
in april 2008 , entergy arkansas renewed its $ 100 million credit facility through april 2009 .
the credit facility requires that entergy arkansas maintain a debt ratio of 65% ( 65 % ) or less of it total capitalization .
there were no outstanding borrowings under the entergy arkansas credit facility as of december 31 , 2008 .
in july 2008 , entergy arkansas issued $ 300 million of 5.40% ( 5.40 % ) series first mortgage bonds due august 2013 .
entergy arkansas used a portion of the net proceeds to fund the purchase of the ouachita power plant on september 30 , 2008 , and the remaining net proceeds will be used to fund improvements relating to the ouachita power plant and for general corporate purposes .
entergy arkansas' 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)
$15,991
($77,882)
$16,109
($27,346)

in may 2007 , $ 1.8 million of entergy arkansas' receivable from the money pool was replaced by a note receivable from entergy new orleans .
see note 4 to the financial statements for a description of the money pool. .

Question: Analyse this data from a financial earnings document. what is the annual interest expense related to the series first mortgage bonds due august 2013 , in millions?
Choices:
24.9
195
16.2
299.9
0
Correct choice index: 2