Oberlin Municipal Light and Power System (OMLPS) is a community-owned, not-for-profit electric utility created by the community in 1934 to provide high quality, affordable services tailored to the unique needs of the Oberlin area. Owned by the community, OMLPS is governed by the residents it serves. The municipally-owned and operated electrical system provides local, reliable electric service and its priorities are directed by the community. OMLPS is overseen by an Electric Director who is governed by the Oberlin city council.

OMLPS distributes, transmits, and generates electric power to its 3100 residential and commercial customers. The system maximum demand is 21,350 kilowatts and the sales for the year 2014 were 97,781,837 kilowatt-hours. OMLPS is operated by 18 employees.

Annual utility expenses for 2014 were $9,935,982 of which $6,668,063 was used to purchase wholesale power supply for the community. Annual revenues for 2014 were $11,233,771 of which $1,159,041 was contributed to the City in lieu of taxes to further support the community.

OMLPS also owns and operates 18.5 megawatts of diesel/natural gas generation capacity which is used for peak-shaving for 42 municipally-owned electric utilities in northern Ohio.