On 4 May, a Client Alert from Crowell Moring reported that, on 1 May, President Trump signed an Executive Order re “certain threats” to the US bulk-power system and broadly prohibiting acquisition, importation, transfer, or installation of any “bulk-power system electric equipment” where the transaction, by any person, involves property in which any foreign country or national thereof has an interest. The EO provides authority to take some immediate actions to implement the EO, including directing the timing and manner of cessation of pending and future transactions; and it also provides for new regulations to be made by September to fully implement the EO. Amongst other things, the EO calls for identification of particular countries and equipment that warrant particular scrutiny, but also contemplates publication of a list of pre-qualified equipment and vendors.
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