I hope I find something better than this to shoot, but if not, at least I'll have SOMETHING in the competition. Welcome to my obsession with nighttime shots (even though my camera can't handle it well). I have no idea what those two specs above the streetlight are -- cottonwood fluff, maybe? Suspiciously symmetrical, if so.
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First of all, I agree with your commenters below that the two light spots are probably lens flare. It's a pity you couldn't edit them out for the challenge.
First impressions: The off-center nature of this shot is, IMO, off-center to satisfy the challenge, not because it adds to the picture. You are too far away from the subject.
Light / focus: It's difficult to take good night pictures, especially with a not so good camera. The yellowish cast is harsh. The focus seems off, nothing in the picture is crisp and clear, but the photo is not sufficiently "out of focus" to create a foggy or nightly/ghostly mood (something like that).
Composition: This is where IMO your picture suffers most. You need to get closer. Did you start with a larger image? IMO the shot could be cropped a long way and possibly be better. You also could straighten the lamp-post, parallel to the side of the pict. Also IMO, this particular pict would work better either in b/w or colourised. I played around with your pict a bit (hope you don't mind, and remember I'm starting from a small image) and am sending you result by email attachment (I don't know how to put it in here).
Overall: Not a bad idea, but the execution could be better. Keep going! If nothing else, you do have a lot of "spunk"! Take care,