There will be a delay of course, which is the cable impedance (inductance), mostly due to the speed of electricity not being infinite in a conductor.
A bit like there is no limit for the length of a stick you can push with your arm. There's only resistance if it's on the ground (push it in space to visualize a superconductor). It also has inertia (mass, which is inductance). And at longer lengths, you won't see the end move before the movement you impulsed has reached the end at ~the speed of sound in that material.
Now, to go a bit into the details:
A/C can also exploit "skin effect" where a high frequency A/C signal only travels on the outside of conductors. That way, you can make thinner conductors (just coat regular cables in an expensive conductor)... Up to a certain point, since if you need to carry more power, you need extra large cables, hollow ones, and/or multiple cables). That wastes part of the conductor: https://en.wikipedia.org/wiki/Skin_effect
With A/C, you can also use transformers, but not with D/C, which has traditionally been an hindrance to high-voltage DC. You have to generate alternative current, or use boost circuits (basically charge a capacitor at constant current to increase voltage). Cutting power in high-power A/C is simpler, since you can do it when voltage crosses 0 V.
I'm not sure what the pros and cons of both are when it comes to economics. It seems D/C is getting more affordable thanks to semiconductors: https://en.wikipedia.org/wiki/High-voltage_direct_current#Ad...
The biggest story in recent years was the Elwha dam removal. It's stunning to see how much the landscape has changed since: https://therevelator.org/elwha-dam-removal/
And a recent story about a Skagit river dam: https://www.king5.com/article/news/investigations/seattles-s...
Maybe if we had public utilities, however, we would actually invest in 'unprofitable' nuclear energy and save our planet in the process, since we wouldn't be beholden to making shareholders a profit.
Not sure what the current highest volt transmissions are. Maybe a couple million volts on some DC lines? But I think that's good enough for hundreds, if not thousands, of miles of efficient transmission.