Established in 1904, Waverly Light and Power is a municipally owned electric utility that now serves more than 4,600 customers in and around Waverly. In 1993, Waverly Light and Power became the first public power system in the Midwest to own and operate wind generation, positioning the utility as a national leader in renewable energy. Managed by a trusteeship, Waverly Light and Power is committed to energy efficiency, and is the recipient of numerous state and national awards.