Stream Energy
 | 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 was founded in 2005 by Rob Snyder and Pierre Koshakji.[3][4] The company first offered energy services in Texas following the deregulation of the Texas electricity market. The company expanded to Georgia in 2008, followed by the Northeast in 2010. Stream sells electric and gas services in seven states and Washington, D.C. In 2015, Stream also began offering mobile phone service, Stream Wireless.[2]
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.[5][6]
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.[7] 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.[8]
References
- ^ http://www.businesswire.com/news/home/20160205005128/en/Stream-Announces-President-CEO
- ^ a b "Stream: A New Face". Direct Selling News. 1 January 2015. Retrieved 5 January 2018.
- ^ "Rob Snyder of Stream Energy's". Dallas Business Journal. 20 March 2013. Retrieved 5 January 2018.
- ^ "Meet the CEO: Rob Snyder of Stream Energy". D Magazine. October 2010. 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.