A year ago, Hurrican Harvey dropped as much as 56 inches of rain in some parts of the Houston area and caused devasting flooding that resulted in the loss of both life and property. And while many companies watched helplessly as the horror unfolded, Stream energy went to work providing relief to victims of the disaster.
Stream Energy is a Dallas-based company that uses direct selling methods to provide customers with energy service. Corporate philanthropy is a way of life for Stream and the company began Stream Cares to make formal its intent to provide ongoing philanthropy in both the state of Texas and throughout the country.
The business model at Stream Energy is basic in format but quite effective. Stream pays associates to build up a network of customers by selling discounted energy plans directly to them. The company provides services to both residential and corporate customers. Stream Energy also offers other products including mobile cell phone plans.
Associates working with Stream are essentially independent entrepreneurs that are paid with commissions from any sales they make.
Another important philanthropical pursuit for Stream is the issue of homelessness. This is seen at both the corporate and employee levels of the company as both groups regular track the statistics surrounding the homeless situation in Dallas.
Stream Energy has partnered with Hope Supply Company to cover the costs of the Splash for Hope event which provided meals to more than 1,000 homeless children in the area of North Texas. The event also affords the children a chance to have fun at a local water park, and experience that for many of them is the first of its kind.
Another example of the culture of compassion that has been crafted at Stream is the response by the company to the 2016 crisis caused by a number of Tornados making their presence known in North Texas a day after Christmas. Stream Energy and their associates went to work immediately and raised thousands of dollars over the next few days for North Texas residents that suffered losses to their homes and businesses. Additionally, Stream matched all donations made by associates.