Texas PUC Chairman Barry Smitherman Keynotes Stream Energy Convention

Texas Public Utility Commission Chairman Barry Smitherman with Stream Energy executives minutes before he spoke to Stream Energy’s huge Ignition conference Saturday, February 27th. In the photo (l-r) are Darryl Smith, Chairman Smitherman, Rob Snyder, Lisa Holliday and Doug Witt. (Photo: Business Wire)

Smitherman Congratulates 6,800 Attendees for Their Role in Texas Energy Deregulation

DALLAS–(BUSINESS WIRE)–Public Utility Commission of Texas Chairman Barry Smitherman congratulated the audience of Stream Energy’s fifth annual Ignition Conference at the Dallas Convention Center, February 27th, noting that the attendees benefit Texas electric customers through their active role in the deregulated marketplace.

Smitherman credited deregulation with helping keep electric prices low for Texans, noting that he was speaking for himself and not his fellow members of the PUC. “Deregulation has opened the market for new companies and new ideas,” he stated. Smitherman personally paid his own expenses to be at the convention, not relying on either Stream Energy or the state of Texas to pay his travel costs.

Dallas-based Stream Energy received its Texas retail electric provider license in 2005, and now, with its marketing arm, Ignite, counts eight percent of the Texas market as its customers, who have been able to make an electric choice because of the deregulated energy environment.

In his speech to the more than 6,800 associates at the Stream Energy gathering, Smitherman hailed Texas’ efforts to increase wind and other renewable energy sources, while decreasing carbon emissions. “We’re out-performing California for green energy,” he said, adding that currently Texas has 9,000 megawatts of installed wind energy, more than any other state.

“We were honored to host Mr. Smitherman at our annual gathering,” said Stream Energy Chairman Rob Snyder. “Our company and its associates are on the front lines of helping customers understand the deregulated marketplace. Mr. Smitherman provided our associates a comprehensive report on the status of the Texas energy industry from his unique perspective as the Chairman of the PUC,” he added.

About Stream Energy

Since Rob Snyder, Pierre Koshakji and Stream Energy secured a Texas retail electric provider license from the Public Utility Commission of Texas in early 2005, the privately held company has become one of the fastest growing companies in American business history. The company expanded into Georgia in 2008 to serve the deregulated natural gas market in that state and has more than 400,000 retail energy service customers in Texas and Georgia. Stream Energy provides a full-service approach to customer relationships, supported by the company’s network marketing arm, Ignite, and a customer-advantageous pricing model.