1.   And it recommends that none of the acquisition premium be collected from ratepayers.

2.   And none of the acquisition premium would be permitted to show up in customer rates.

3.   However, a major issue with his clients was their opposition to the acquisition premium in rates.

4.   Missouri does not intend to allow its ratepayers to be charged any of the acquisition premium, which is the amount of the sale price over the book value.

5.   Under the Missouri agreement, Western will not recover the acquisition premium from customers.

6.   Westar would then be allowed to keep any cost savings for an unspecified number of years, but could put none of the acquisition premium in the rate base.

7.   In a takeover, stockholders would be due a fee called an acquisition premium.