Never Sacrifice Integrity For Growth
|Genre||Retail electricity and natural gas provider|
|Headquarters||Dallas, Texas, United States|
|Area served||TX, IL, NY, MD, PA, NJ, CT, MA, CA and Washington D.C.|
|Key people||Jere Thompson Jr. (Co-Founder & CEO), Chris Chambless (Co-Founder & CMO), John Burke (CIO), Laurie Rodriguez (CFO)|
|Revenue||USD $ 930 Million (2012) (unaudited)|
Ambit Energy is a United States multilevel marketing company that provides electricity and gas services in Texas and deregulated areas throughout the United States. The company's corporate headquarters are located in Dallas, Texas, and its operations/call center headquarters are located in Plano, Texas.
Ambit Energy was founded in 2006 in Addison, Texas by Jere Thompson Jr. and Chris Chambless.
Ambit Energy obtains customers through a network of independent consultants who work directly with the customers. Ambit Energy uses a multilevel marketing model and is a member of the Direct Selling Association of America, a public relations and lobby organization that represents the interests of multilevel marketing companies is the U.S.
Ambit has come under fire from state regulators and consumer advocates, who say that some sales representatives, in their zeal to earn commissions, have inflated potential savings, misrepresented contracts and been overly aggressive with vulnerable constituencies like the elderly and nonnative English speakers. In May 2011, Ambit was sued by a consultant, who alleged that Ambit's structure is a pyramid scheme. By August 2012, after several amendments and alterations to the original complaints including the removal of all allegations of fraud, a judge dismissed the case.[unreliable source?]
Ambit Energy provides energy currently in 12 states, all of which have deregulated energy markets (i.e., California, Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, Texas, and Washington, D.C).
- Ambit Energy was named 2010’s Fastest Growing Privately Held Company by Inc. 500 and placed 390 in 2011.
- Ambit Energy placed 14th on the Direct Selling News Global 100 List in 2012 and 15th in 2011.
- - Ambit Energy
- Ambit Energy public profile - Direct Selling Association
- Reuters - $1B suit accuses direct-energy retailer Ambit of fraud
- EnergyChoiceMatters - Federal Judge Dismisses Lawsuit Against Ambit Energy as Unsupported
- Ambit Energy - Official site