Stream Energy
American multi-level marketing company
Stream Energy is a subsidiary of NRG Energy and a retail electricity company. It uses multi-level marketing as its primary sales channel. The company sells electric and gas services in seven states and Washington, D.C.
01History
Stream was founded in 2005 by Rob Snyder and Pierre Koshakji. Stream has energy services in seven states, including Texas, Pennsylvania, New York, New Jersey, Georgia, Maryland and Illinois, as well as Washington D.C. 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. In 2015, Stream also began offering mobile phone service, Stream Wireless.
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.
Despite an influx of independent contractors (termed "directors") signing up with Ignite, the multi-level marketing arm of Stream, the majority of this sales force "lost nearly all their investments."
NRG
In 2019, Stream was acquired by NRG for $300 million.
Sources and credits
This article is adapted from the Wikipedia article “Stream Energy”, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.
Images, from Wikimedia Commons:
- Stream Energy Logo.png by Unknown authorUnknown author, Public domain
- Stream New Building.png by Streamcorporate, CC BY-SA 4.0
Fathomly is not affiliated with or endorsed by the Wikimedia Foundation. Spotted a problem? Tell us.