Client AlertOn August 26, 2026, President Trump issued Executive Order 14420, “Declaring a National Emergency to Secure the United States Bulk-Power System,” which declares a national emergency under the International Emergency Economic Powers Act (IEEPA) and the National Emergencies Act (NEA), and authorizes the U.S. Department of Energy (DOE) to prohibit or restrict certain transactions involving foreign-produced bulk-power system equipment linked to certain “Covered Foreign Entities” (e.g., C...
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