I remember in primary school, around 1975, they were doing a whole load of cable work right outside the school, and there were lots of little sawn off sections of the aluminium cable there. 4 triangularish conductors, with a coloured PVC sheath, and then that in turn surrounded with a black plastic sheath, and then the steel wire armouring wires around that, and the final protective sheath, with the cable being run along the street in a newly dug trench from the transformer, to a new block of flats being built in the cul de sac at the end of the road. Took some of those little pieces home with me.
Now only ABC cable, as it is faster and cheaper to install, though the quality of the work often leaves a lot to be desired, though it is still stolen on a regular basis.
I am at the moment on the end of 200m of cable, though the substation is 60m away, as it runs in a dog leg, and yes, I have had a few mains voltage excursions that reached nearly 300VAC, which was when the thieves broke in to the substation and removed the neutral and earthing from there, and cut back the armour on the cables, century old, so just unwind the steel strap to expose the paper, and cut the neutral off of the cable for 10m. The load was reasonably constant, so the excursions on the mains were small, till the coffee shop turned on their oven to bake the morning load, and this dragged the one phase down to 160VAC, and the others rose up in sympathy. I had a UPS high voltage warning, measured the mains, and turned off all power at the board, then went to the meter room, measured the phases all over the place, and turned off the building, then phoned the metro to notify them of loss of neutral.