For the purpose of improving the resources utilization efficiency and decrease network redundancy of electric power communication network (EPCN), the paper explores using failure independent path protection preconfigured cycle (FIPP p-Cycle) to provide backup paths for electric communication service and presents a protection algorithm of enhanced FIPP p-Cycle with traffic grooming (EFIPP-TG). Firstly, the multiplexing conditions of FIPP p-Cycle are analyzed specifically, and we propose a FIPP p-Cycle multiplexing algorithm to improve the utilization efficiency of backup resources. Then segment protection algorithm for working path is designed to decrease service blocking ratio as much as possible. In addition, by taking advantage of traffic grooming strategy, the routing paths of services are optimized, yielding effective decrease of network blocking probability. Simulation results from different topologies demonstrate that compared with traditional FIPP p-Cycle scheme, other p-Cycle based protection algorithms and shared backup path protection algorithm, the proposed EFIPP-TG algorithm can significantly reduce the redundancy and blocking probability of networks, shorten the length of backup path and hence improve the reliability of service and performance of network survivability.