OpTree

Ambit Energy (OpTree Profile) a provider of de-regulated energy and electricity has announced that David Biegler, a former Vice Chairman, President and COO of TXU has just joined Ambit as an advisor to the executive management team.

In addition to coming on as an advisor, Biegler has also invested in the company. Biegler’s former company, TXU is also a supplier of energy and electricity and a competitor of Ambit. Biegler retired from TXU in 2001.

Biegler brings with him over 40 years of experience in the energy industry. Currently, he serves as Chairman of natural gas transportation and processing firm, Estrella Energy-www.estrellaenergy.com- Along with his experience in the industry, Biegler also brings a great deal of credibility as well as an impressive resume. He has served as President, Circle Ten Council of the Boy Scouts, and he has chaired the Greater Dallas Chamber of Commerce, and the United Way of Dallas. Currently he sits on the board of Southwest Airlines.

“This is the first time I have invested in a Texas-based electric retail provider. I like Ambit’s experienced management team, its home-grown systems, its expansion into New York and Illinois, and its remarkable business model. The company has had phenomenal growth and has demonstrated its ability to manage that growth very well. Ambit’s strategic partnership with Shell Energy Trading speaks a lot about the respect Ambit has earned from the giants in the industry in such a short amount of time. I am excited about the opportunity to play a role in helping Ambit reach its potential and about joining this group of investors,” said Mr. Biegler.

“David Biegler’s experience in the energy industry is invaluable. He is a perfect addition to our investor group,” stated Ambit Energy Co-founder and CEO, Jere Thompson, Jr. “His standing and respect in our industry and our local community is enormous. We look forward to tapping into his expertise and wisdom.”

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