I read an article ten years ago that the Israeli's dropped a heavy copper cable, 2000ft long, one end into the Dead Sea, the other end down a Well.
They obtained 1.2 Volts DC at an undisclosed number of Amps.
The metal ends on the cable, were not disclosed either.
You mention Electricity savings.
This could be easily achieved by taking out every other street lamp in most of our cities, at non intersections?
I believe the Canadians have been experimenting with LED street lamps.
But they have certainly done a wonderful job in lighting up the CN Tower, with Multi-color LED's at Niagara Falls.
As shown in short Video below.
http://uk.youtube.com/watch?v=KZZC2NFUkZA