On May 1, President Trump signed an executive order on “Securing the United States Bulk-Power System” (the “Order”) that gives the Department of Energy new authorities under the International Emergency Economic Powers Act to block or mitigate certain transactions involving bulk-power system electric equipment designed, developed, manufactured or supplied by a “foreign adversary.”  The Order declares a national emergency with respect to “the unrestricted foreign supply of bulk-power system electric equipment” and asserts federal oversight over private utility purchases of certain equipment from suppliers deemed to be controlled or influenced by foreign adversaries.
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