“Ambit Energy Is Cleared of Bilking New Customer on Rates”
A New Jersey federal judge dismissed a proposed class action suit against Ambit Energy Holdings on July 22. 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. However, the court ruled that Ambit’s practices were clearly stated in its terms of service.
“You’ve got a contract that provides for variable rates on electricity, and the contract expressly says that Ambit retains the discretion to adjust the rates, and that’s exactly what happened,” Ambit’s lawyer Steve Rasch of Thompson & Knight LLP told Law360.