Stream Energy: Energy Supplier with Philanthropic Arm

In August 2004, two men – Pierre Koshajki and Rob Snyder – established a company called Stream Energy. The company distributes energy to the state of Texas, and they are headquartered in the city of Dallas. After years of fighting for their right to operate outside the state, the court has finally given them a signal to build their first stations outside Texas. It marked the beginning of the deregulated energy market, and it became a huge hit especially for those who are looking for an energy supplier alternative. Stream Energy can produce their energy for a lower price, and as a result, their customers are paying lower bills compared to those who are using the services from the main power producers.

Stream Energy’s CEO, Larry Mondry, stated that the company is expanding its presence outside Texas, especially in the states of New England. Delaware is the newest state to be added in their growing list of locations, and the CEO said that there would be new additions to the list.

Aside from providing cost-efficient energy, the company is also known for their philanthropic arm called Stream Cares. The organization focuses on creating missions that help the people, and they are also providing a lot of assistance to those who were victimized by disasters and other catastrophes. The philanthropic arm of Stream Energy has been around since the company was established, but it has no official name. However, the company decided to formalize Stream Cares, and its first mission as a fully-registered organization was to extend the assistance to those who fell victim to the wrath of Hurricane Harvey.

The hurricane swept through the coast of Texas, destroying a huge number of properties. Hurricane Harvey is one of the strongest tropical cyclones to hit the United States, and it is tied with Hurricane Katrina as the costliest. The tropical cyclone caused massive flooding in the state, leaving a lot of people without power. Stream Cares donated cash fund to the victims, and they also mobilized their units to collect donations such as clothes, sanitary products, relief goods, and bottled water. Stream Cares continues to respond especially to disaster-hit areas within the United States.