Ambit Energy to Expand in Five States

Ambit announced plans to expand the company's electricity and/or natural gas service to residential and small commercial customers in Connecticut and Massachusetts, as well as additional territories in existing markets Maryland (adding Washington Gas Light), New Jersey (adding South Jersey Gas, Elizabethtown Gas and New Jersey Natural Gas) and Pennsylvania (adding Columbia Gas, National Fuel Gas Distribution and Equitable Gas).

The announcement was made at AmbitCast 2012, Ambit's annual simulcast event, which was seen live by more than 8,500 Ambit Energy Independent Consultants.

"Our goal is to be the finest and most respected retail energy provider in America," said Jere Thompson, Jr., Ambit Co-Founder and Chief Executive Officer. "With thousands of excited, hard-working Consultants helping us, 2012 promises to be the biggest in our history."

"Our goal this year is to reach one million customers and generate $1 billion in annual revenue. This expansion, obviously, goes a long way in helping us reach that goal," said Co-Founder and Chief Marketing Officer Chris Chambless