Depending on the local jurisdiction, street lighting may be owned by the city or county or by Dominion Energy. However, the city or county pays electric bills and the cost of maintenance is absorbed by or passed on to the locality regardless.
Because any street lighting requires regular maintenance and replacement over time, cities and counties working with Dominion Energy can reduce both their electricity bills for street lighting and the routine maintenance costs by gradually transitioning to LED street lighting that requires less power and lasts longer than conventional street lighting. An added benefit with LED street lighting is the capacity to use lenses to focus the light exactly where it is desired with a minimum of light pollution. (Watch this 3 minute National Geographic video – “Where Are the Stars? See How Light Pollution Affects Night Skies“)
The Northern Virginia Regional Commission completed an analysis of their jurisdictions’ transition from conventional high-energy consuming high-pressure sodium and mercury vapor light bulbs to light-emitting diodes (LEDs). The LEDs were found to use approximately 75 percent less energy and were more durable and require less maintenance.
The US Department of Energy is a good source of information on LED street lighting as well including addressing any of the concerns that have been raised.
The International Dark-Sky Association has a wealth of information from: practical guide to LED’s, Lighting Information for Policy Makers, Fixture Seal of Approval, and a lot more information including Bad Streetlights.