In this paper, we ground a method for calculating switching overvoltages including the discharge of lightning currents into the contact network and into a high-voltage power wire (HVPW) to isolate the contact network in the power supply system with the HVPW. It was established that the protection of outdoor signaling, centralization, and blocking (SCB) devices from switching overvoltages in a power supply system with a high-voltage power wire (PSS HVPW) can be solved by connecting the reinforcement of the support foundations of the contact network to an extended artificial grounding conductor (GC) located under the ground and not connected to the rail track. The use of a GC, along with limitation of pulse overvoltages on the insulation of the contact network supports, solves the problem of ensuring reliable protection of the traction networks from short-circuit currents in the traction network. An algorithm for calculating the voltage of the zero sequence of phase voltages of overhead power lines (OPLs) with an isolated neutral relative to the ground when they are located in the zones of electromagnetic influence of the PSS with the HVPW was developed. Due to the electrical effect of the HVPW voltage, the induced voltage in an OPL is shown to reach values that significantly exceed the levels allowed by regulatory documents. An analysis of the obtained results indicates the feasibility of placing OPL wires on free-standing supports outside the reserved strip. The need for such a solution is also determined by keeping the HVPW voltage from entering the OPL wires, with their possible breakage.