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I've just replaced quite a few 400W MH with two 50W LED each. I did not want to do a conversion. You can buy the LED cheap on Ebay and (depending on your electricity cost) can get a return on investment of 4 months. I decided to buy them from my local shop: My ROI will be around 12 months. That's good enough for me. It looks different. Everything looks "cleaner" - more upmarket. I did not get anything from my electricity company.
I am in Australia. So it wouldn't make sense to get it from my local supplier. Anyway, here is the company where my LEDs floodlights are coming from: http://bmlightingsolutions.com Mind you these prices are Australian dollars not US (almost the same).
and do some research I am sure you find something. Actually, I bought one LED light from Ebay and the rest from the local company. The local ones were all Australian Standard approved, the Ebay one had no sticker on it. Quality wise I would say the local one is a bit better and I get 3 years warranty (and paid 3 times the price )