The development of the modern Russian electric power industry is undergoing constant changes, connected with the energy system evolving into the national electric power complex where the management was carried out by a large national state corporation. Furthermore, the industry underwent a reform with that some companies remained under state management, but most of them were transferred to private ownership. During this period, issues related to the development of the system of labor protection and safety at power facilities are becoming particularly important. The article analyzes regulatory and legal standards in the field of occupational safety and health, among which are the Federal Law «On Special Labor Evaluation», the Order of the Ministry of Labor and Social Protection of the Russian Federation «On Approval of the Rules for Labor Protection in the Operation of Electrical Installations» and the Industry Tariff Agreement in the electric power industry for the 2016–2018 period. The indicators for the number of accidents, including fatalities, were investigated. As a result, it was concluded that the absolute values of occupational injury rates increased, but at the same time, the number of accidents per 1000 employees, including fatalities, decreased. Moreover, we have discovered that employees who have the work experience of more than 10 years in the organization and are aged 25–39 years and 50–59 years are the most prone to injuries, and the greatest number of accidents are observed as a result of a fall from a height and an electric shock. We have also analyzed the changes in the regulatory and legal framework in the field of labor protection and its impact on the total number of employees in harmful and dangerous working conditions. In conclusion, we have proposed an integrated management system for labor protection and industrial safety at the electric power industry enterprise, based on the legal norms and the existing system of labor protection at industry enterprises.