Jack K. Horton

Last updated
Jack K. Horton
Born
Jack King Horton

June 27, 1916
Stanton, Nebraska, U.S.
DiedJune 3, 2000 (aged 83)
Los Angeles, California, U.S.
Alma mater Stanford University
Occupation(s)Lawyer, business executive
SpouseBetty Horton
Children1 son, 2 daughters

Jack K. Horton (27 June 1916 - 3 June 2000) [1] was an American lawyer and business executive. He served as the president, chief executive officer and chairman of Southern California Edison. During his tenure as chairman, he oversaw the construction of its new headquarters in Rosemead, California. He raised capital by increasing electricity rates for consumers and selling common stocks. He added two more nuclear reactors to the San Onofre Nuclear Generating Station.

Contents

Early life

Jack King Horton was born on June 27, 1916, in Nebraska. [2] [3] He graduated from Stanford University in 1936. [2] [3] He was admitted to the California state bar in 1941. [3]

Career

Horton started his career at the Pacific Public Service Company in 1944. [3] He was promoted to president in 1952. [3] He subsequently served as the president of the Coast Counties Gas and Electric Company until he was appointed as the vice president of the Pacific Gas and Electric Company in 1954. [3] Three years later, in 1957, he was appointed as the president and chief executive officer of the Alberta and Southern Gas Company, a company founded to transfer natural gas from Canada to California. [4]

The San Onofre Nuclear Generating Station, where Horton decided to add two more nuclear reactors in 1970. San Onofre Nuclear Generating Station, 1975.jpg
The San Onofre Nuclear Generating Station, where Horton decided to add two more nuclear reactors in 1970.

Horton served as the president of Southern California Edison from 1959 to 1968, [5] and as its chief executive officer from 1965 to 1980. [2] During that time, in 1969, he was appointed to serve on the Electric Power Council on Environment. [6] Meanwhile, Horton also served as its chairman from 1968 to 1980. [2] [5] During his tenure as chairman, he oversaw the construction of parts of the Pacific DC Intertie. [7] [8] Meanwhile, he increased electricity rates for California consumers by 9.6% in 1968 to invest in new power plant constructions. [9] [10] Meanwhile, he also sold US$3 million of shares to raise more capital. [11] Nevertheless, he did not raise sufficient funds to build a nuclear power and desalination plant on Bolsa Island, [12] a man-made island off the coast of Bolsa Chica State Beach. [13] However, by 1969, the company enjoyed "increases in operating revenues, net income and earnings per share." [14] Meanwhile, the company built new headquarters designed by William L. Pereira in Rosemead, California. [15] He also planned the construction of a new power plant on the Kaiparowits Plateau in Utah. [16] By 1970, he added two nuclear reactors to the San Onofre Nuclear Generating Station in San Diego County, California. [17] [18] That same year, he raised capital by selling 500,000 commons stocks and increasing the rates by 16% for California consumers. [19] [20] [21] Four years later, he planned to increase the rates again within the next two years. [22] By the end of his tenure as chairman, in 1979, Horton was elected as the chairman of the Edison Electric Institute. [23] Two years later, Southern California Edison honored him by establishing the Jack K. Horton Humanitarian Award given annually to their most charitable employee. [24]

Horton served as the co-founder and chairman of the Executive Service Corps of Southern California in the 1980s. [2] He also served on the board of directors of Lockheed Corporation and the Lutheran Hospital Society. [2] Additionally, he served on the board of trustees of the University of Southern California and Stanford University as well as on the president's board of Pepperdine University. [2]

Personal life and death

Horton had a wife, Betty (? - 29 May 2000) who died just five before her husband's death. [2] They had a son, Harold E. Horton, and two daughters, Judy Magee Horton and Sally Horton Meersman. [2] [3] They resided in Atherton, California. [3] He died on June 3, 2000, in Los Angeles, California. [2] He was 83 years old. [2]

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References

  1. ↑ "Who's who in Commerce and Industry, Volume 14". Marquis Who's Who. 1965. Retrieved 25 July 2019.
  2. 1 2 3 4 5 6 7 8 9 10 11 Oliver, Myrna (June 14, 2000). "Jack K. Horton; Former Head of Edison". The Los Angeles Times. Retrieved July 23, 2016.
  3. 1 2 3 4 5 6 7 8 "Name Horton PG&E Vice President" . Santa Cruz Sentinel. Santa Cruz, California. August 25, 1954. p. 4. Retrieved July 23, 2016– via Newspapers.com.
  4. ↑ "Horton to Head Canada Gas Company" . The Times. San Mateo, California. August 28, 1957. p. 29. Retrieved July 23, 2016– via Newspapers.com.
  5. 1 2 "Jack K. Horton Elected Edison Board Chairman" . Independent. Long Beach, California. April 19, 1968. p. 23. Retrieved July 23, 2016– via Newspapers.com.
  6. ↑ "Jack Horton on Electric Council" . The Tustin News. Tustin, California. November 13, 1969. p. 7. Retrieved July 23, 2016– via Newspapers.com.
  7. ↑ "Edison Completes Newest Link" . The San Bernardino County Sun. San Bernardino, California. June 16, 1968. p. 15. Retrieved July 23, 2016– via Newspapers.com.
  8. ↑ Bronson, Peter (September 20, 1970). "Yorty Leads Dignitaries in Dedicating Valley Intertie" . Valley News. Van Nuys, California. p. 1. Retrieved July 24, 2016– via Newspapers.com.
  9. ↑ "Edison Co. seeks hike in rates" . Redlands Daily Facts. Redlands, California. July 1, 1968. p. 3. Retrieved July 23, 2016– via Newspapers.com.
  10. ↑ "Edison Asks 9.6% Boost" . Montclair Tribune. Montclair, California. July 3, 1968. p. 1. Retrieved July 23, 2016– via Newspapers.com.
  11. ↑ "Edison Co. Votes Okay on New Bond Issue" . Independent Star-News. Pasadena, California. July 7, 1968. p. 14. Retrieved July 23, 2016– via Newspapers.com.
  12. ↑ "Costs Sink Bolsa Island Power, Desalting Project" . Valley News. Van Nuys, California. July 25, 1968. p. 45. Retrieved July 23, 2016– via Newspapers.com.
  13. ↑ Epting, Chris (March 23, 2011). "In The Pipeline: The nuclear plant that never was". Huntington Beach Independent. Retrieved July 23, 2016.
  14. ↑ "SCE Reports Earnings Up Third Quarter '69" . Montclair Tribune. Montclair, California. October 23, 1969. p. 34. Retrieved July 23, 2016– via Newspapers.com.
  15. ↑ "Groundbreaking Ceremonies Held For Edison Building" . Arcadia Tribune. Arcadia, California. December 31, 1969. p. 5. Retrieved July 24, 2016– via Newspapers.com.
  16. ↑ "Utah Power Plant To Supply Current" . Arcadia Tribune. Arcadia, California. October 8, 1969. p. 29. Retrieved July 24, 2016– via Newspapers.com.
  17. ↑ Mader, Vint (January 30, 1970). "Nuclear Plant Pacts Awarded" . Independent. Long Beach, California. p. 33. Retrieved July 24, 2016– via Newspapers.com.
  18. ↑ "Edison Pledges Nuclear Power" . Progress Bulletin. Pomona, California. January 27, 1970. p. 7. Retrieved July 24, 2016– via Newspapers.com.
  19. ↑ "Edison Planning Stock Offering" . Desert Sentinel. Desert Hot Springs, California. September 10, 1970. p. 9. Retrieved July 24, 2016– via Newspapers.com.
  20. ↑ "Edison Asks 16% Increase in Rates" . Independent. Long Beach, California. December 2, 1970. p. 1. Retrieved July 24, 2016– via Newspapers.com.
  21. ↑ "Edison seeks 16 per cent rate increase" . Redlands Daily Facts. Redlands, California. December 2, 1970. p. 4. Retrieved July 24, 2016– via Newspapers.com.
  22. ↑ "Edison Co. seeking rate increase to start in '76" . Progress Bulletin. Pomona, California. June 8, 1974. p. 3. Retrieved July 24, 2016– via Newspapers.com.
  23. ↑ "Business briefs: Chairman elected" . The San Bernardino County Sun. San Bernardino, California. April 22, 1979. p. 13. Retrieved July 24, 2016– via Newspapers.com.
  24. ↑ "Humanitarian" . The San Bernardino County Sun. San Bernardino, California. July 22, 1981. p. 43. Retrieved July 24, 2016– via Newspapers.com.
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