If you heard a thump and the power went out immediately, it was most likely a distribution line.
Power lines have what are called automatic reclosers on them. For those that don’t know what a recloser is, it’s kinda like a circuit breaker in your house except that it will automatically turn itself back on after it trips.
If you short something out in your home, the circuit breaker trips, and you have to walk down to your electrical panel and reset it. Power lines have the same sort of thing, except that power lines will often have temporary faults caused by things like tree branches blowing into power lines or high winds causing power lines to blow into each other. And unlike in your home, the “circuit breaker” for the power line isn’t within quick walking distance. It is likely several miles away. So to handle quick faults like tree limbs and winds and such, the recloser waits a second or two and then flips the circuit back on. If that fails it will probably do it again a couple of times. If those fail, it will wait maybe a minute or so and will make one last attempt at flipping the circuit back on. If that also fails, it gives up, and a lineman is going to have to fix whatever the problem is.
If you have ever had your power blink off for a second or two, it was probably a recloser that automatically turned the power back on. If you have ever had your power go out, but the lights blink a couple of times and then stay dark, that’s also a recloser trying to do its thing, except in this case the fault wouldn’t clear.
Reclosers are programmable, so the power company can set them up any way they would like, but typically they make a few quick attempts within a few seconds, then one or two attempts after a longer period of time (a couple of minutes), and then they give up.
If a static line breaks and shorts out one of the power lines, that can cause the line to trip, but a recloser will usually turn it back on. As long as the static line falls down and doesn’t get stuck hanging on one of the power lines, all you end up with is a short blink of a power outage.
Distribution lines are usually not insulated.
IMPORTANT SAFETY NOTE:
Never touch downed wires. You never know if it’s a power wire, and while it might be dead at the moment, a recloser could turn it back on and kill you the moment that you happen to touch it.