Stream Energy Launches Largest Northeast Expansion

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DALLAS, June 24, 2013 (GLOBE NEWSWIRE) -- Stream Energy launched its biggest expansion in company history on Saturday, June 22, 2013. The firm now offers residential and commercial energy services across New York, New Jersey and Maryland with 5.1 million meters available in the Con Edison (Con Ed) service area of New York alone.

This expansion of services includes 10 new territories totaling 5.7 million new meters. Residential service is now offered in Con Ed for electricity and natural gas, as well as in the New Jersey Natural Gas area of New Jersey for natural gas only. In addition to the aforementioned residential areas, commercial service is also offered in the Rochester Gas and Electric area of New York for electricity and natural gas, as well as in the Delmarva and Baltimore Gas and Electric areas of Maryland for electricity and natural gas, respectively.

Stream Energy Co-founder and Chairman Rob Snyder says, "This launch of greater New York is a historic milestone for Stream Energy and an opportunity to provide New York, New Jersey and Maryland residents with great opportunity and competitive rates. We are enthused about our growth in the Northeast and the addition of over five million new meters in the Con Ed territory available to our Ignite sales force."

To celebrate this milestone of growth, and to incentivize new customers, Stream Energy is offering two new promotions. First, the 5% Cash Back Plan is available to any eligible customer across the entire state of New York. Secondly, the Penny Gas Promotion offers eligible customers an introductory rate of $0.01 per therm for the first month of natural gas service and is available across all Stream Energy gas markets between June 22 and July 31.

The CEO of Stream Energy, Mark Schiro, says, "We're proud to expand our electricity and natural gas footprint in the Northeast and offer residents and commercial businesses great services for their energy needs."

Stream Energy has generated over $5 billion in total revenues and received numerous honors since its founding in 2004.

About Stream Energy

Stream Energy positions itself as "your best friend's energy company" by promoting the sale of energy through a network of family and friends. The idea behind this belief is that your best friend wants the best for you and will share great opportunities, including those to create additional income and to take advantage of some of the most competitive rates in the industry.

The company employs a wholly owned network marketing subsidiary, Ignite, through which it gathers energy customers. As one of the largest direct selling energy companies in the world, the firm does not focus solely on its own success. Employees, Independent Associates, along with friends and families join together to support organizations like Captain Hope's Kids, Fuel Fund of Maryland, Utility Emergency Services Fund, and Heating Energy Assistance Team of Georgia to help relieve these groups of financial stress and make a positive impact on their communities.

The forces behind Stream Energy strive to take advantage of deregulated energy markets to help customers enjoy lower utility rates in Georgia, Maryland, Pennsylvania, New Jersey, New York, Texas and Washington, D.C. Efforts in these areas have led Stream Energy and Ignite to be a leading energy company in the deregulated market and consistently ranked among the top direct selling companies in the world.

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CONTACT: Sam Davis +1 (903) 517 1295 Amy Power +1 (214) 693 2146

Source: Stream Energy