Stream Energy: Difference between revisions
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| location = [[Dallas, Texas]], United States |
| location = [[Dallas, Texas]], United States |
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| founders = Rob Snyder<br>Pierre Koshajki |
| founders = Rob Snyder<br>Pierre Koshajki |
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| key_people = Larry Mondry, CEO |
| key_people = Larry Mondry, CEO<ref name=bwire/> |
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| num_employees = 245 (August 2017) |
| num_employees = 245 (August 2017) |
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| homepage = {{url|http://mystream.com/}} |
| homepage = {{url|http://mystream.com/}} |
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Revision as of 13:48, 5 January 2018
 | This article needs additional citations for verification. (June 2012) |
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| Company type | Privately held |
|---|---|
| Industry | Retail electricity provider/multi-level marketing |
| Founded | 2005 |
| Founders | Rob Snyder Pierre Koshajki |
| Headquarters | Dallas, Texas, United States |
Key people | Larry Mondry, CEO[1] |
Number of employees | 245 (August 2017) |
| Website | mystream |
Stream Energy is a provider of energy, wireless, protective and home services. Stream has energy services in seven states, including Texas, Pennsylvania, New York, New Jersey, Georgia, Maryland and Illinois, as well as Washington D.C. All other services are available nationwide.[2] Stream Energy uses multi-level marketing as its primary sales channel.
History
Stream Gas & Electric Ltd. (d/b/a Stream Energy) was founded in August 2004 by Rob Snyder and Pierre Koshajki, after the deregulation of the Texas electricity market. Stream was licensed as a retail electrical provider by the Public Utilities Commission of Texas on 21 January 2005 and formally began operations through the initial enrollment of Texas electricity customers on 7 March 2005.
In 2016, Stream announced that Larry Mondry has been selected by the firm’s board of managers as its new president and chief executive officer.[1]
Stream moved its headquarters from the Infomart building on Stemmons Freeway to the Tollway Center office building on Dallas Parkway in North Dallas in May 2017.[3][4]
Multi-level marketing
Initially, the company recruited through its separate multi-level marketing division, Ignite, which was merged into the Stream brand in 2014. In 2014, Stream merged its separately-branded multi-level marketing arm, Ignite, into the Stream brand.[5] Using the multi-level marketing model, Stream associates can earn commissions either from selling to customers or recruiting new sales associates, after they gather a required minimum number of energy customers. Local meetings known as "Business Presentations" are held to promote the concept. Sales associates also maintain internet-based "homesites" that serve as informational web forums for recruits.
In 2010, the sign-up cost in Georgia was $300, with a $25 monthly fee to maintain a website. Associates typically received between $0.50 and $3 a month for each customer they recruited.[6]
According to Stream Energy's income disclosure statement, among sales associates who maintained their position qualifications throughout calendar year 2013 and earned at least one commission or bonus payment (representing 84.5% of all sales associates), the average annual income was $686.90; for the majority (81.9%) of those associates, the average annual income was $117.12.[7]
References
- ^ a b "Stream Announces New President and CEO". Retrieved 2018-01-05.
- ^ "Stream: A New Face". Direct Selling News. 1 January 2015. Retrieved 5 January 2018.
- ^ "Stream sets up shop in new Addison HQ". Dallas News. 22 May 2017. Retrieved 5 January 2018.
- ^ "Stream to Move Headquarters to Addison's Tollway Center". Addison Magazine. 1 December 2016. Retrieved 5 January 2018.
- ^ http://dsnblog.com/tag/stream-energy/
- ^ M. B. Pell; Margaret Newkirk (6 December 2010). "Selling energy -- and prosperity?". The Atlanta Journal-Constitution. Retrieved 24 April 2014.
- ^ http://pdfs.streamenergy.net/pdfs/Disclosure_Page.pdf