Stream in the News

Investment firm to provide capital support for electricity provider's record-setting growth

DALLAS, TX (February 22, 2006) – Stream Energy, a fast-growing retail electricity provider located in Dallas, announced today that it has concluded an institutional-round equity investment from Natural Gas Partners VIII L.P., a private equity fund managed by NGP Energy Capital Management of Irving, Texas. The fund acquired $10 million of Series A Preferred Limited Partnership Units and provided $2 million of additional credit under Stream's revolving loan facility.

"In less than a year of activity, Stream Energy has gained a sizeable Texas market share by educating electricity consumers that 'choice matters'," said Rob Snyder, Chairman and founder of Stream Energy. "In this connection, we look to partner with firms that share our vision as to emerging opportunities that are materializing from the deregulation of the Texas electricity market. Natural Gas Partners is renowned internationally for its unbridled vision and investment savvy within the energy market - and we at Stream Energy are gratified by their support and confidence in our direction."

About Stream Energy
Since being approved by the Public Utilities Commission of Texas in early 2005, Stream Energy (Texas PUC License #10104) has rapidly grown into one of the largest participants in the Texas deregulated electricity market for residential consumers. The success of Stream Energy is attributable to a comprehensive, full-service approach to customer relationships that is further tied to an aggressive pricing model. Such strategies have allowed privately-held Stream Energy to gather over 150,000 residential customers in less than 12 months of consumer switching catalyzed largely through its network marketing subsidiary, Ignite. Stream Energy also provides a wide range of electricity services for small businesses and large commercial consumers. To learn more about Stream Energy, visit www.streamenergy.net. For more information about Stream Energy's networking marketing subsidiary, Ignite, visit www.igniteinc.com.

About Natural Gas Partners
Founded in 1988, Natural Gas Partners is the premier investment firm specializing in the energy sector. The Natural Gas Partners platform consists of a series of eight private equity funds and related co-investment funds with cumulative commitments since inception of over $3 billion, that invest in oil and gas production, midstream, oilfield service and other energy-related enterprises. Natural Gas Partners is an affiliate of NGP Energy Capital Management, based in Irving, Texas, that manages investment funds in all sectors of the energy industry. For more information visit www.ngpenergycapital.com.

Media Contact
Paul Thies
214-800-4409
pault@streamenergy.net