Yeah but the power going out is what is supposed to happen. Its a good thing. It means the fault was cleared and the area made safe. The issue with one of these events is were not currently protecting against it in a lot of places. So real bad things have the potential of happening WITHOUT the power going out. No breakers tripping (or not tripping fast enough) means more equipment damage. It currently takes over a year to build a HV transformer, and that’s with power. What happens when 500 all explode at the same time (cause the power didn’t go out fast enough) and we need to replace them all at once? Without power?
You should read Exhalation by Ted Chaing if you haven’t already. It’s a quick read