Company Overview of Stream Gas & Electric, Ltd.
Stream Gas & Electric, Ltd., doing business as Stream Energy, engages in the retail of energy products. It provides electricity and gas for homes and business customers in Georgia, Maryland, New Jersey, New York, Pennsylvania, and Texas. The company was founded in 2004 and is based in Dallas, Texas.
1950 North Stemmons Freeway
Dallas, TX 75207
Founded in 2004
Key Executives for Stream Gas & Electric, Ltd.
Chief Executive Officer and Director
Co-Founder and Senior Managing Director of National Expansion
Compensation as of Fiscal Year 2015.
Stream Gas & Electric, Ltd. Key Developments
Stream Secures Temporary Restraining Order Prohibiting Solavei from Disparaging the Company
Jan 30 15
Stream has secured a temporary restraining order (TRO) from the 192nd District Court prohibiting Solavei from disparaging Stream. As announced, Stream has moved forward with its planned nationwide launch of Mobile Services by Stream, and Associates are already eagerly signing on new customers.
Dallas District Court Blocks Stream Energy from Using Proprietary Technology and Information to Launch a New Mobile Phone Service
Jan 24 15
Dallas District Court judge blocked Stream Energy from using proprietary technology and information to launch a new mobile phone service after Solavei sued Stream for stealing trade secrets gathered during extensive merger talks. Solavei sought the injunction to halt Stream and its marketing arm, Ignite, from using trade secrets and other intellectual property in launching a mobile phone service sold through an online direct-marketing platform - exactly the type of social commerce business pioneered and continuously innovated upon by Solavei. Stream's mobile business was set to launch on Jan. 24, 2015, at an event in Las Vegas. In May 2013, the companies entered merger discussions under a mutually agreed-upon confidentiality agreement. A letter of intent to combine the companies was signed in November 2013, pending due diligence by both sides. From February 2014 to April 2014, Solavei shared its most confidential and proprietary information with Stream, including its technology, social marketing strategies, go-to-market plan and customer lists. Shortly before the transaction was set to close, Stream terminated the deal. The lawsuit states: 'Three months later, in September 2014, Stream announced its plans to roll out a mobile phone direct marketing business in its own right, within a matter of months'.
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