The utility will force you to put equipment to correct for power factor (massive capacitor bank), resistive load, etc.
The utility also charges commercial users for apparent power (includes reactive power, or that sloshes around setting up a steady state), as opposed to just real power charged to residential users.
EDIT: in case your wondering, yes resistor loads is just glorified bunch of short circuits and a fan.
Like a black out.
What really hurts is are all the rotating machines, especially the one-phase ones (fridge, AC, blower). Those have transients that last several cycles and are electrical shorts until the back emf is setup.
Utilities will try to roll the power back on in sections to avoid instability, starting with hospitals and those near hydro plants.
But you can help put by turning off your stuff during the blackout and when the light come back on walking around the house to turn them back on.
The problem is with facility-level grid-responsive safety mechanisms. If the grid sags a bit and several DCs ~simultaneously disconnect, you have a problem. If the DCs going offline causes further instability that causes other facilities to disconnect or grid protection breakers to open, you have a cascading chain reaction