Dynamical simulation of the cascade failures on the EU and USA high-voltage power grids has been done via solving the second-order Kuramoto equation. We show that synchronization transition happens by increasing the global coupling parameter K with metasatble states depending on the initial conditions so that hysteresis loops occur. We provide analytic results for the time dependence of frequency spread in the large K approximation and by comparing it with numerics of d = 2, 3 lattices, we find agreement in the case of ordered initial conditions. However, different powerlaw (PL) tails occur, when the fluctuations are strong. After thermalizing the systems we allow a single line cut failure and follow the subsequent overloads with respect to threshold values T . The PDFs p(N f ) of the cascade failures exhibit PL tails near the synchronization transition point Kc. Near Kc the exponents of the PL-s for the US power grid vary with T as 1.4 ≤ τ ≤ 2.1, in agreement with the empirical blackout statistics, while on the EU power grid we find somewhat steeper PL-s characterized by 1.4 ≤ τ ≤ 2.4. Below Kc we find signatures of T -dependent PL-s, caused by frustrated synchronization, reminiscent of Griffiths effects. Here we also observe stability growth following the blackout cascades, similar to intentional islanding, but for K > Kc this does not happen. For T < Tc, bumps appear in the PDFs with large mean values, known as "dragon king" blackout events. We also analyze the delaying/stabilizing effects of instantaneous feedback or increased dissipation and show how local synchronization behaves on geographic maps.