This paper proposes a novel key distribution method based on the masking effect of fiber channel noise in a power transmission system. The two physical layer signal processing technologies used in this solution are frame synchronization and resampling. The random data sent and received is digitally processed by these two techniques. An experimental platform is built, and the key performance is assessed by analyzing the measured bit error rate (BER) dynamic curve, setting different decision thresholds and the amplitude of the state basis. Experimental results show that the key distribution rate can reach 10 kbit/s with a key consistency rate of 98%. This is of great significance to the development of safe optical communication technology in power transmission systems. In the power communication system, a large number of optical fiber communication devices are used. The key distribution method proposed in this paper can effectively improve the security of optical fiber communication, which is of great significance.