Cost and time. It would cost a lot to bury everything, cost more in labor to dig it up to fix it(you would still have issues due to ground freezing/water/ice), take more time to dig it up vs getting a bucket in the air, and take more time I restore outages. Plus soil is an insulator (temperature wise) and so some of the equipment would still need to be above ground or have cooling systems designed and built for them (another big cost). All of that would cause your utility rates to skyrocket worse than they likely already have.
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