Stream Energy
| Company type | Subsidiary |
|---|---|
| Industry | Energy |
| Founded | 2005 |
| Founder | Rob Snyder, Pierre Koshakji |
| Headquarters | Dallas , United States |
Area served | Texas, Pennsylvania, New York, New Jersey, Georgia, Maryland, Illinois, Washington, D.C. |
| Products | Electric and natural gas services, wireless telecommunications (Stream Wireless) |
| Parent | NRG Energy |
Stream Energy operates as a retail electricity provider under the ownership of NRG Energy, utilizing primarily multi-level marketing techniques to drive its sales efforts. The company supplies electric and natural gas services throughout seven states and the District of Columbia.
History
Established in 2005 by Rob Snyder and Pierre Koshakji, Stream began its operations in Texas following the state's deregulation of the energy market. The company expanded into Georgia by 2008 and further extended its reach to the Northeastern United States in 2010. Its service areas include Texas, Pennsylvania, New York, New Jersey, Georgia, Maryland, Illinois, and Washington, D.C. In 2015, Stream broadened its business portfolio by launching Stream Wireless, entering the mobile telecommunications sector.
In May 2017, the company moved its main offices from the Infomart building located on Stemmons Freeway to the Tollway Center complex in North Dallas.
Although Ignite, Stream’s multi-level marketing branch, recruited numerous independent contractors known as "directors," reports indicate that a majority of these participants experienced substantial financial setbacks.
NRG
Stream was purchased by NRG in 2019 for $300 million, marking a strategic consolidation within the highly competitive energy industry.