Stream Energy is a subsidiary of NRG Energy and a retail electricity company. It uses

multi-level marketing Multi-level marketing (MLM), also called network marketing or pyramid selling, is a controversial and sometimes illegal marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salarie ...

as its primary sales channel. The company sells electric and gas services in seven states and Washington, D.C.

History

Stream was founded in 2005 by Rob Snyder and Pierre Koshakji. Stream has energy services in seven states, including

Texas Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...

Pennsylvania Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions o ...

, New York,

New Jersey New Jersey is a U.S. state, state located in both the Mid-Atlantic States, Mid-Atlantic and Northeastern United States, Northeastern regions of the United States. Located at the geographic hub of the urban area, heavily urbanized Northeas ...

Georgia Georgia most commonly refers to: * Georgia (country), a country in the South Caucasus * Georgia (U.S. state), a state in the southeastern United States Georgia may also refer to: People and fictional characters * Georgia (name), a list of pe ...

Maryland Maryland ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic region of the United States. It borders the states of Virginia to its south, West Virginia to its west, Pennsylvania to its north, and Delaware to its east ...

and

Illinois Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. It borders on Lake Michigan to its northeast, the Mississippi River to its west, and the Wabash River, Wabash and Ohio River, Ohio rivers to its ...

, 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.

References

External links

* {{Multi-level marketing NRG Energy Multi-level marketing companies Direct marketing Energy infrastructure in Texas Companies based in Dallas Energy companies established in 2004 Non-renewable resource companies established in 2004 2004 establishments in Texas Corporate subsidiaries