User:Ambit Energy

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Ambit Energy brings just that kind of customer value to the plate. In most states we operate with a written guarantee of savings which means that we guarantee customers are going to save money. NOBODY else in the marketplace thus far has been willing to put that kind of faith forward to their customers. Not only does Ambit Energy put it in writing but we’ve been backing it up now for over 3 years. In Texas it is not possible to provide a written guarantee of savings, but in most cases the saving is far greater than what we can guarantee elsewhere. Ambit Energy is an American retail electricity provider that serves residential and commercial customers in markets where energy has been deregulated by the state. Those states include: Texas, New York, Maryland, Illinois, New Jersey, and Pennsylvania. Corporate headquarters are located in Dallas, Texas, and operations/call center headquarters are located in Plano, Texas. History Ambit Energy was founded in 2006 in Addison, Texas by Jere Thompson Jr. and Chris Chambless. Several weeks later, Jere and Chris set up Ambit's first office in an open, renovated warehouse in the historic West End district of downtown Dallas. They bought several $19 fold-up tables to use as desks and use those same tables today. When state legislatures deregulate energy, it allows for open competition in select states. After deregulation, retail pricing for energy in states is based on market forces instead of government mandates. When signing up for an electricity or gas with Ambit Energy, consumers have different rate plans in Texas, Pennsylvania, New York, Maryland and Illinois. There are currently 23 states in various stages of deregulation. Of those states, half are at or below the national average for utility rates (based on the US Energy Information Administration’s most recent 2008 statistics). There is ample room for opportunity for retail energy providers such as Ambit Energy to offer customers of incumbent providers an option to save on their monthly utility bills.

   Reached more than 500,000 customers in first quarter 2011
   Ambit is ranked #390 in Inc.com's list of the fastest growing private companies in America 
   Ambit is ranked #31 in the Direct Selling Association GLOBAL 100
   Revenue increased from $43 million to $415 million in five years
   Customer growth increased 73% in 2010
   Increased Independent Consultants to more than 100,000
   Are currently servicing 15 deregulated markets across the U.S.
   Scheduled to expand into seven new markets in 2011
   A free energy program that allows customers to completely eliminate their monthly bill by referring other customers

Ambit Energy obtains customers through a network of more than 130,000 Independent Consultants who work directly with the customers. Ambit uses direct selling and is a member of the Direct Selling Association and follows its Code of Ethics. Ambit has been criticized for its direct sales model, and for being a multi-level marketing company. In May of 2011, Ambit was sued by a consultant, who alleged that Ambit's structure is a pyramid scheme.

Markets Ambit Energy provides energy in the following markets:

   Texas – Residential electricity and commercial electricity, Oncor, CenterPoint, AEP North, AEP Central, and TNMP
   New York – Electricity and natural gas for residential and small businesses, ConEdison, National Grid (formerly Niagara Mohawk), NYSEG, and Rochester Gas & Electric, Orange & Rockland Utilities, and Central Hudson Gas & Electric service areas
   Illinois – Natural gas and electric for residential customers, Nicor and ComEd service areas
   Maryland – Electricity for residential customers, Baltimore Gas & Electric and Pepco
   Pennsylvania – Electricity for residential customers, Pennsylvania Electric Company (PECO), PPL Electric Utilities
   New Jersey – Electricity for residential customers

Jere Thompson Jr.: Jere Thompson is Co-Founder and CEO of Ambit Energy. In 1992, Jere was also at the forefront of the telecommunications industry as it deregulated. He founded CapRock Fiber Networks to build fiber and broadband networks across Texas. As CEO, he guided CapRock into new markets, took the company public and managed its growth from infancy to 1,300 employees and $300 million in annual revenues. Chris Chambless: Chris Chambless is Co-Founder and Chief Marketing Officer of Ambit Energy. As an early member of the management team at Excel Communications, he was responsible for all aspects of the company's marketing and communications organization. Most recently, as the Vice President of Marketing at VarTec Telecom, he was responsible for all aspects of the company's marketing strategy, including brand development, channel integration strategy, sales management and new product development. John Burke: John Burke is Co-Founder and Chief Information Officer of Ambit Energy. He has over 15 years of experience working in the electric utilities, telecommunications, financial services, and venture capital and software development industries. John has held several leadership roles, including the COO of a billing application service provider, CIO of a Verizon call center, and VP of Development for a retail financial transaction service provider.

Cynthia Williams Young: Cynthia Williams Young is the Chief Service Officer of Ambit Energy. She is responsible for overseeing the company’s People Department, Internal Training, Administration, and Customer Service, both internal and external. Prior to joining Ambit, Cynthia spent much of her career at Southwest Airlines, where she served in a succession of leadership roles focused on labor and employee relations, communication, and the delivery of internal and external customer service. Her key responsibilities in each role included leadership and communication coaching and identifying and solving challenges that jeopardized the company’s culture.

   Ambit Energy was named 2010’s Fastest Growing Privately Held Company by Inc. 500
   Ambit Energy received the number one ranking in Southern Methodist University/Cox Dallas 100 for 2009
   CEO Jere Thompson Jr. was a finalist in Ernst & Young’s Entrepreneur of the Year Award
   CIO John Burke was named in InfoWorld’s CTO 25 2010 and ComputerWorld’s Premier 100 IT Leaders 2009
   Direct Selling News named Ambit in the Global 100 in 2009 as well as in the 100 Million Club in 2008
   Locally in Dallas, Ambit Energy was named in the Top 100 Places to Work 2009 by The Dallas Morning News and Best Places to Work 2009 by the Dallas Business Journal. Ambit Energy was also named in the 2009 Momentum Awards finalist by the Dallas Regional Chamber of CommerceAmbit Energy obtains customers through a network of more than 130,000 Independent Consultants who work directly with the customers. Ambit uses direct selling and is a member of the Direct Selling Association and follows its Code of Ethics.

Ambit has been criticized for its direct sales model, and for being a multi-level marketing company. In May of 2011, Ambit was sued by a consultant, who alleged that Ambit's structure is a pyramid scheme.

Markets Ambit Energy provides energy in the following markets:

   Texas – Residential electricity and commercial electricity, Oncor, CenterPoint, AEP North, AEP Central, and TNMP
   New York – Electricity and natural gas for residential and small businesses, ConEdison, National Grid (formerly Niagara Mohawk), NYSEG, and Rochester Gas & Electric, Orange & Rockland Utilities, and Central Hudson Gas & Electric service areas
   Illinois – Natural gas and electric for residential customers, Nicor and ComEd service areas
   Maryland – Electricity for residential customers, Baltimore Gas & Electric and Pepco
   Pennsylvania – Electricity for residential customers, Pennsylvania Electric Company (PECO), PPL Electric Utilities
   New Jersey – Electricity for residential customers

Jere Thompson Jr.: Jere Thompson is Co-Founder and CEO of Ambit Energy. In 1992, Jere was also at the forefront of the telecommunications industry as it deregulated. He founded CapRock Fiber Networks to build fiber and broadband networks across Texas. As CEO, he guided CapRock into new markets, took the company public and managed its growth from infancy to 1,300 employees and $300 million in annual revenues. Chris Chambless: Chris Chambless is Co-Founder and Chief Marketing Officer of Ambit Energy. As an early member of the management team at Excel Communications, he was responsible for all aspects of the company's marketing and communications organization. Most recently, as the Vice President of Marketing at VarTec Telecom, he was responsible for all aspects of the company's marketing strategy, including brand development, channel integration strategy, sales management and new product development. John Burke: John Burke is Co-Founder and Chief Information Officer of Ambit Energy. He has over 15 years of experience working in the electric utilities, telecommunications, financial services, and venture capital and software development industries. John has held several leadership roles, including the COO of a billing application service provider, CIO of a Verizon call center, and VP of Development for a retail financial transaction service provider.

Cynthia Williams Young: Cynthia Williams Young is the Chief Service Officer of Ambit Energy. She is responsible for overseeing the company’s People Department, Internal Training, Administration, and Customer Service, both internal and external. Prior to joining Ambit, Cynthia spent much of her career at Southwest Airlines, where she served in a succession of leadership roles focused on labor and employee relations, communication, and the delivery of internal and external customer service. Her key responsibilities in each role included leadership and communication coaching and identifying and solving challenges that jeopardized the company’s culture.

   Ambit Energy was named 2010’s Fastest Growing Privately Held Company by Inc. 500
   Ambit Energy received the number one ranking in Southern Methodist University/Cox Dallas 100 for 2009
   CEO Jere Thompson Jr. was a finalist in Ernst & Young’s Entrepreneur of the Year Award
   CIO John Burke was named in InfoWorld’s CTO 25 2010 and ComputerWorld’s Premier 100 IT Leaders 2009
   Direct Selling News named Ambit in the Global 100 in 2009 as well as in the 100 Million Club in 2008
   Locally in Dallas, Ambit Energy was named in the Top 100 Places to Work 2009 by The Dallas Morning News and Best Places to Work 2009 by the Dallas Business Journal. Ambit Energy was also named in the 2009 Momentum Awards finalist by the Dallas Regional Chamber of Commerce

Ambit Energy is an American retail electricity provider that serves residential and commercial customers in markets where energy has been deregulated by the state. Those states include: Texas, New York, Maryland, Illinois, New Jersey, and Pennsylvania. Corporate headquarters are located in Dallas, Texas, and operations/call center headquarters are located in Plano, Texas.

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