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Nonsense. It's just about being cheaper.
Saving money is a valid choice, but it may just be short term outlook here.
My brother used to work for a public electric utility and they buried their power lines where possible. The neighboring private utility guys always pointed out how much cheaper their lines were to maintain. But the public utility had solid data providing they saved money over the long term, by better protecting their lines
Yeah, this makes sense to me. Less likely for something to go wrong but more difficult to deal with when it does. The end result is a product of both of those, so depends on how much less likely and how much more difficult.
Which is what i'm saying.