There are different types of power lines. The OP seems to know the difference between a transmission and a distribution line. For the benefit of others, a transmission line carries very large amounts of electricity from one location to another, like from a generating plant to a neighborhood substation. Overhead transmission lines are usually not insulated, and operate at very high voltages (50,000 volts and above, typically). Distribution lines are used to carry the power around the neighborhood and such. These operate at much lower voltages, typical somewhere between 3,000 and 10,000 volts. Overhead distribution lines are sometimes insulated and sometimes not. Transformers are attached to distribution lines, and each transformer will typically supply electricity to three or four houses.
In older areas, transmission and distribution lines will all be overhead. People think this is kinda unsightly, and overhead lines swaying in the breeze are more likely to be damaged in storms and such. As a result, in most newer neighborhoods (at least that I’ve seen) the distribution lines are underground. Transmission lines though are typically still overhead, except in rare cases like crowded cities where running overhead lines isn’t practical.
I believe the same is true in most of Europe. Distribution lines will usually be underground and, except in crowded cities, transmission lines will be overhead.
As for health effects, back in the late 60s or so some insurance guys noticed that folks who live next to power lines didn’t live as long as folks who didn’t (insurance guys get paid big bucks to figure stuff like this out, since it determines how they set their rates). Nobody except insurance guys really cared though, until the leukemia study in the 70’s that Cecil’s article mentioned. Then everything went nuts. That study was later discredited, but it gave folks the idea that power lines were somehow bad. This led to the idea that if electric fields from power lines are bad, radio waves from cell phones and such must also be bad (this was at a time when cell phones were roughly the same size and weight as a brick). At that time, there hadn’t been a whole lot of research done, but folks were going absolutely nutso. People in charge wanted science to say what was safe and what wasn’t, so folks used rectally generated numbers (i.e. pulled out of their a$$) and walked around with field strength meters proudly proclaiming what areas were safe and what areas weren’t.
Lots and lots of money poured into research. Several decades later, we can conclusively say that folks who live next to power lines statistically don’t live as long as folks who don’t. We can also conclusively say that we still don’t have a freaking clue why. Despite oodles of money and tons and tons of research, no one has been able to conclusively prove anything. Sure, there are studies that pop up once in a while and say POWER LINES KILL AND WE PROVED IT! but the problem is the follow-up studies don’t actually prove it. To date, as far as I am aware, there has never been any studies that have held up to peer review and follow-up studies that have conclusively proven a link between either power lines or cell phones and anything bad.
Anyone who tells you any such effects have been conclusively proven is full of hooey.
It’s hard to prove a negative, but health-wise, the huge mountain of studies that haven’t been able to find anything is really making it look like there just isn’t anything there to find.
So health-wise, a 345 kV line running down your street probably isn’t anything to get excited about.
As far as radio interference goes, though, the news isn’t quite so good. high voltage lines tend to suffer from corona discharge, which makes a lot of radio noise. I would expect corona discharge problems to get worse as the line ages as well. Expect interference with anything that uses radio waves, like your TV, radio, cell phones, etc. A pacemaker could technically have problems, but modern pacemakers are designed pretty well to reject radio noise.