His testimony was based around the fact that on average the cost to bury lines is roughly 10x more expensive than running them above ground, and he has had this experience across multiple different projects.
So when people say "it's expensive" they are literally referring to a factor of 10x cost increase. Maybe it's worth it in some cases compared to the costs of power outages and fires, but understand that we're not talking about a "slight increase" here, and that the people making these decisions are generally highly trained and experienced subject matter experts who are already doing cost/benefit analyses to take the best course of action that they can.
Consider doctor testimony that used to be given for deaths while under anesthesia. "It's normal" and "it just happens." Luckily juries didn't listen and anesthesiologists were forced to reconsider their daily practice.
The answer seems to be 'no'. Digging and burying pipes is something we've been doing on a massive scale for hundreds of years and there's no reason to believe more volume will improve the economics. It's probably getting worse since new development means more roads to dig up and more structures to plan around.
Consider the fact that we lay oceanic cables.
It costs $1 million per mile (roughly) to bury transmission lines. PG&E has about 18,000 miles of transmission lines. That's about $18 billion to bury the lines. Sounds like a lot, but...
...the estimate price of these multi-day blackouts is on the order of $1 billion per blackout. Given multiple blackouts per year, and we're talking just a few years to pay back the price of burying the transmission lines. https://www.sfchronicle.com/business/article/A-cool-billion-...
But that's not the cost to PG&E. PG&E (or the state) would have to find a way to get some of that somewhat hidden opportunity cost.
PG&E is less than one-third done with its 2019 tree-trimming work
https://www.sfchronicle.com/business/article/PG-E-is-less-th...
https://hardware.slashdot.org/story/08/07/12/0135227/superco...
Granted, it's about the least earthquake prone area in the world. Also differences in grid architecture between USA and Europe might make burying more expensive in USA. https://electrical-engineering-portal.com/north-american-ver...
It's not like there aren't other solutions; generators, batteries etc.
FFS with the pressing need to decarbonize energy you're upset about people not being able to handle a few days a year of intermittent power?
Could it be that they anticipate that future earth quakes could cause such devastation that repairs to underground cables would be too difficult/time consuming?
This stuff goes back to Enron and even further. The liabilities utilities are exposed to in California don't match the rates people are paying, and the electricity rates are already really high. You can claw back all the profits, all the bonuses you want, the money you're talking for proper maintenance is way higher than that, the money for a complete overhaul is higher than that.
You can make the utility public, but then you have to contend with the fact that CPUC has been there every step of the way.