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. Stream Energy uses multi-level marketing as its primary sales channel.
Video Stream Energy
History
Stream was founded in 2005 by Rob Snyder and Pierre Koshakji. The company was built on the idea of selling energy by word of mouth through its network of independent associates. The company introduced energy services in Texas before expanding to Georgia in 2008, followed by its first venture into the Northeast in 2010. Stream has electric, gas and green energy options in seven states and Washington, D.C. In 2015, Stream released its nationwide mobile phone service, Stream Wireless.
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.
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.
Maps Stream Energy
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. 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.
References
External links
- Official website
- Public Utilities Commission of Texas website
- Electric Reliability Council of Texas (ERCOT)
Source of article : Wikipedia
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