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On August 26, 2026, President Trump issued Executive Order 14420, “Declaring a National Emergency to Secure the United States Bulk-Power System” (“EO 14420”), which aims to prevent certain foreign actors from creating or exploiting vulnerabilities in foreign-produced equipment used in the US bulk-power system. EO 14420 builds on and significantly expands Executive Order 13920, “Securing the United States Bulk-Power System” (“EO 13920”), which the Trump administration issued in 2020 and formed the basis of an…