I think this is right, but depending on where you live, local weather-related outages can still not-infrequently look like entire towns going dark for a couple

I think this is right, but depending on where you live, local weather-related outages can still not-infrequently look like entire towns going dark for a couple days, not streets for hours. (Of course that's still not the same as a big boy grid failure (Texas ice storm-sized) which are the things that utilities are meant to actively prevent ever happening.)