In August 2017, when Hurricane Harvey ravaged Texas, leaving several feet of floodwater in the streets, thousands were left without power. Worse, over 30,000 people have lost their homes. The recovery effort will take years to repair the damages caused by the storm (PayMyBill). Seeing this destruction, the Dallas based company Stream Energy has stepped up to help with these efforts in several ways.
Stream Energy provided simple relief to them over 127,000 customers in the region by waiving late fees from the end of August through the early days of September. They also waived late fees for their wireless customers, so that everyone could concentrate on cleaning up, and getting back to normal in the aftermath of the emergency. Stream also made a generous $25,000 donation to the American Red Cross and coordinated the collection of further donations on their behalf. Their direct sales associates started a crowdfunded campaign to help other independent associates in the area, and the company offered to match those donations up to another $25,000. Stream also provided support by taking in donations of food and supplies for the victims.
Founded in 2005, Stream Energy is a retail energy services provider, specializing in a unique direct sales model. In the 12 years since their founding, Stream has generated over $8 billion in revenue and has grown to reach customers in Texas, Georgia, Pennsylvania, Maryland, New Jersey, Washington, D.C., New York, Illinois, and most recently Delaware. Stream Energy provides clean energy to their customers, through sources such as wind, solar, and other renewable options (https://www.bizjournals.com/dallas/news/2016/11/14/dallas-stream-energy-relocate-headquarters-addison.html). They also provide wireless phones and plans throughout the nation, and other services such as identity theft protection.
The donations for Hurricane Harvey are not their first philanthropic efforts, and certainly not their last. Stream Energy operates both Stream Cares, and the Stream Cares Foundation, which focuses on helping the homeless throughout the United States. They regularly partner with the Dallas non-profit Hope Co., by collecting donations and sponsoring events to aid homeless children throughout Texas.
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