A New Jersey federal judge dismissed a proposed class action suit against Ambit Energy Holdings. The litigants had claimed that the Dallas-based electricity and natural gas retail energy provider had hiked up customers’ rates after luring them into switching energy providers with promises of lower prices. Judge Michael Shipp found that plaintiff Michael Urbino’s contract with Ambit “expressly allowed the company to change its rates…”.
I guess as long as you tell people you are actually going to raise their rates in the fine print of your contract everything is just fine in New Jersey.
Ambit Energy is a United States Multi-Level Marketing Company and is a residential and commercial retail energy provider. It was founded in 2006 and is based in Dallas, Texas.
Michael Urbino is a resident of West Orange, New Jersey, in Essex County. He has been a customer of Ambit Ene
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