If you are looking to get some light up in the garage and need to run the power line thru the existing top plate, it is absolutely doable, but you have to do it carefully. You don't want to mess with the structural integrity of the plate or create a fire hazard down the line. First thing you need to do is identify the exact path for the conduit or cable. ussually, you want to run it straight down the inside face of the plate, parallel to the studs. When you cut that hole, make sure you are using a hole saw that matches the cable diameter, and keep the cut clean and straight. The most important step is ensuring the cable itself has enough clearance from the sharp edges of the framing.
Don't just jam the wire in and call it a day. Leave a bit of wiggle room around the cable inside that hole. This prevents the insulation from chafing against the wood, which will save you a headache later. Just keep your penetrations neat and secure, and you shold be good to go.