"A typical 345,000V transmission line will be able to deliver no power when the line becomes about 26 miles long."
https://www.puc.nh.gov/2008IceStorm/ST&E%20Presentations/NEI...
In New York City specifically most distribution (not transmission) is already underground.
http://www.nyc.gov/html/planyc2030/downloads/pdf/power_lines...