More on Bill Johnson: believes that from January-May, Duke (DUK) "explored every avenue to get...

|About: Duke Energy Corporation (DUK)|By:, SA News Editor

More on Bill Johnson: believes that from January-May, Duke (DUK) "explored every avenue to get out of the merger short of violating the merger agreement." Says Duke stalled on the completing the merger with Progress to run out the clock, as it was costing an expensive $220M to mitigate FERC's concerns. "We were having to drag them every step of the way," Johnson says.