|
|
Article: First Union's Corporate Trade Payment system to be utilized by CSX Transportation and Jacksonville Electric Authority.
- Article from:
- PR Newswire
- Article date:
- November 3, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
FIRST UNION'S CORPORATE TRADE PAYMENT SYSTEM TO BE UTILIZED
BY CSX TRANSPORTATION AND JACKSONVILLE ELECTRIC AUTHORITY
JACKSONVILLE, Fla., Nov. 3 /PRNewswire/ -- CSX Transportation and the Jacksonville Electric Authority (JEA) have agreed to utilize First Union National Bank of Florida's (NASDAQ-NMS: FUNC) Corporate Trade Payment (CTP) system. This system will be used by CSX Transportation to bill JEA for transporting coal to the utility's coal-fired plant.
JEA is a municipally-owned electric utility serving 280,000 customers. CSX Transportation, a business group of CSX Corporation (NYSE: CSX), is comprised of three business units: ...