I don't buy it. Maine has small power faults attributed to falling trees, but it's usually limited to only a few residents at a time because they PROACTIVELY trim problem trees and build a redundant system that can route around a downed line. We also have ice storms every year and after many people died from it in the 90s we decided to stop that from being a problem too. The fact is, it's not hard or expensive to make a reliable network when you charge 30 cents per kWh, hell, CMP was building around ice storms and occasional windstorms and all those other problems we experience for 6 cents per kWh until very recently! They basically replaced every line in the lower half of the state with that price
A reliable transmission grid does not require burying cables! It requires engineering and fault analysis and proactive spending and caring about your customers. If your distributor doesn't have reliable infrastructure, it's not because they can't afford it, it's because they don't care and don't have to fear losing you as a customer.