human
entergy corporation and subsidiaries notes to financial statements (a) consists of pollution control revenue bonds and environmental revenue bonds. (b) the bonds are secured by a series of collateral first mortgage bonds. (c) in december 2005, entergy corporation sold 10 million equity units with a stated amount of $50 each. an equity unit consisted of (1) a note, initially due february 2011 and initially bearing interest at an annual rate of 5.75% (5.75%), and (2) a purchase contract that obligated the holder of the equity unit to purchase for $50 between 0.5705 and 0.7074 shares of entergy corporation common stock on or before february 17, 2009. entergy paid the holders quarterly contract adjustment payments of 1.875% (1.875%) per year on the stated amount of $50 per equity unit. under the terms of the purchase contracts, entergy attempted to remarket the notes in february 2009 but was unsuccessful, the note holders put the notes to entergy, entergy retired the notes, and entergy issued 6598000 shares of common stock in the settlement of the purchase contracts. (d) pursuant to the nuclear waste policy act of 1982, entergy's nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service. the contracts include a one-time fee for generation prior to april 7, 1983. entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term (e) the fair value excludes lease obligations, long-term doe obligations, and the note payable to nypa, and includes debt due within one year. it is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms. (f) entergy gulf states louisiana remains primarily liable for all of the long-term debt issued by entergy gulf states, inc. that was outstanding on december 31, 2008 and 2007. under a debt assumption agreement with entergy gulf states louisiana, entergy texas assumed approximately 46% (46%) of this long-term debt. the annual long-term debt maturities (excluding lease obligations) for debt outstanding as of december 31, 2008, for the next five years are as follows: amount (in thousands).
|  | Amount (In Thousands) |
| --------- | --------- |
| 2009 | $516,019 |
| 2010 | $763,036 |
| 2011 | $897,367 |
| 2012 | $3,625,459 |
| 2013 | $579,461 |
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% (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% (65%) or less of its total capitalization. if entergy's debt ratio exceeds this limit, or if entergy 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.
Please compute the result.
what was the net difference in debt maturities between 2011 and 2012?
assistant
2728092.0
human
what was the value of debt maturities in 2011?
assistant
897367.0
human
now, what is the percent difference?
assistant
3.04011