Former TXU President Invests in Ambit Energy

Former TXU President Invests in Ambit Energy
Something exciting has happened which encourages our belief that Ambit Energy is headed in the right direction as we pursue our goal to be the finest, most-respected company in our industry. The former Vice Chairman, President and COO of TXU, David W. Biegler, has joined the company as an investor and advisor to the executive management team.

As you know, TXU is one of the old monopoly electricity utilities in Texas, the incumbent Retail Electricity Provider for the majority of households in North Texas and our biggest competitor in the area. So it is truly a significant compliment to our business model to have a former competitor join our team. David Biegler’s experience in the energy industry is invaluable. He is a perfect addition to our investor group and we’re extremely happy to have him on board. We look forward to tapping into his expertise and wisdom.

This is the first time David has invested in a Texas-based Retail Electricity Provider. When we last spoke, he expressed how excited he is about the opportunity to play a role in helping our company reach its potential and about joining our group of investors. Among the reasons he has joined us, David cites our experienced management team, our home-grown systems, our expansion into New York and Illinois, and our remarkable business model. He’s impressed with our phenomenal growth and how we’ve demonstrated the ability to manage that growth very well. He also said that our strategic partnership with Shell Energy Trading speaks volumes about the respect we have earned from the giants in the industry in such a short time.

You might be interested in knowing David Biegler’s background. He is a 40-year veteran of the energy industry and currently serves as Chairman of Estrella Energy, L.P., a natural gas transportation and processing firm. David joined TXU in 1997 as its President and Chief Operating Officer. He became Vice Chairman of TXU in May 2000. He retired from TXU as Vice Chairman in 2001. He previously served as Chairman, President and CEO of ENSERCH, the parent of Lone Star Gas Company. He joined ENSERCH in 1966 where he served in a variety of management and executive positions prior to becoming Chairman.

David has been involved in community and charitable activities throughout his career. He has served as President, Circle Ten Council, of the Boy Scouts of America. He has previously chaired the Greater Dallas Chamber of Commerce, the Dallas Citizens Council, United Way of Metropolitan Dallas and Education is Freedom. He holds a B.S. in Physics from St. Mary’s University in San Antonio and completed the Advanced Management Program at Harvard University. He also serves as a board member of Southwest Airlines Company, Trinity Industries, Inc. and Dynegy, Incorporated.

David Biegler’s standing and respect in our industry and our local community is enormous. His joining our team is a wonderful reason to be proud of your hard-earned success and of the company you are associated with.

As we welcome David Biegler to the team, Ambit Energy strengthens our promise to do all we can to support your success.

Jere W. Thompson, Jr.
Co-Founder and CEO




This entry was posted on Tuesday, September 30th, 2008 at 10:55 am and is filed under Ambit Business Opportunity, Ambit Electricity, Ambit Energy CEO, Jere Thompson Jr., ambit energy due diligence, direct marketing, electricity mlm due diligence, electricity network marketing business opportunity.