Law360 Publishes Akin Gump Article on Trump Executive Order on US Bulk Power System
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Law360 has published the article “Power Equipment Security Order Adds Compliance Burdens,” written by Akin Gump international trade partners Christian Davis and Shiva Aminian and associate Katherine Padgett and energy regulation, markets and enforcement practice head Chip Cannon and counsel Scott Johnson. Originating as an Akin Gump client alert, the article discusses an executive order (EO) by President Trump concerning the U.S. bulk power system.
In invoking the EO, the authors write, Mr. Trump determined that unrestricted foreign supply of bulk power system electric equipment constituted a threat to the United States’ national security, foreign policy and economy, and declared a national emergency with respect to the bulk power system.
The authors provide a summary of some of the EO’s key provisions and look at what its impact on the energy industry might be. The order’s “lack of clarity,” they write, leads to the conclusion that any company engaging in a transaction that involves “possibly-impacted bulk power system electric equipment should begin assessing the potential impact of this new regime with respect to current and planned transactions, and consider engaging with the DOE and other stakeholders as this regime develops further.”
To read the article in its entirety, please click here.
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