Last things first, the .7 to .85 C is reasonable for things like coax cables, printed circuit lines, things which would carry RF or microwave transmissions.
Electric transmission lines are usually treated as lumped load circuits, rather than transmission lines, because they are so short in terms of wavelength. For a 5000 km transcontinental transmission line at 60 Hz, that’s only 1 wavelength. Within a city, or even most states, the transmission paths aren’t long enough to worry about. This is why you wouldn’t usually hear about the transmission speed in this case.
All well and good, but is the bulk of the energy in a TEM wave? Well, strictly speaking, a TEM wave would exist only in the ideal case, with perfectly conducting wires, non-lossy air, and perfectly conducting ground. In the real case, that almost TEM mode is still there, and does carry the energy. There could be some energy carried between ground and the wires (although they try to minimize this). Any non-TEM modes are going to be cutoff at 60 Hz. Also, there could be some negligable delays at any substations where the voltage was changed. I’m going to assume we skip any high voltage DC transmission lines. I’m also going to ignore that the transmission path doesn’t follow a straight line (looking at a map of the US power grid, the path might be a 10 - 20 percent factor).
The issues which could plausibly affect the speed of the wave are the ground, the dielectric constant of the air (and any cover on the wires), and the loss in the wires. The wires (the ones I’ve seen, anyway) are up high in the air, much higher than the wire separation. The energy of the fields is predominantly located between or near the two wires, and falls off rapidly a few wire separations away. Also, at 60 Hz, even the ground is very conductive, so the fields don’t penetrate into the ground. Any covering the wires have is thin compared to the wire spacing, so most of the energy is in air.
This just leaves loss in the wire, and this was the part I thought had the best chance of having an effect. Since I crunched the numbers, I’m going to make you all look at them :p. In Fields and Waves in Communication Electronics (2nd Ed.), by Ramo, Whinnery and Van Duzer, there are formulas (with a little rearranging) for the velocity of the (almost) TEM wave in terms of the inductance, capacitance, resistance and conductance of a non-ideal line. See table 5.11 for the formulas (I’m using the low-loss formulas). I’ll give enough of the formulas that someone could check my work (all units MKS):
After assuming no conductance in air, I get
R = 2 * R[sub]s[/sub] / ([sym]p[/sym] * D) = 4E-6 / ([sym]p[/sym]D) (for copper, R[sub]s[/sub] = 2E-6 Ohms from Fig 3.16b. R[sub]s[/sub] = 1/([sym]sd[/sub]))
L = 4E-7 ln(S/D)
V(elocity) = C / (1 + R[sup]2[/sup] / (8 * [sym]w[/sym][sup]2[/sup] * L[sup]2[/sup])
where S is the wire separation, and D is the wire diameter.
8 * [sym]w[/sym][sup]2[/sup] = 8 * (2*[sym]p[/sym]*60)[sup]2[/sup] = 1.137E6
Assuming S = 4 meters, and D = 3 cm (these are WAGs), I get
L = 1.957E-6
R = 4.244E-5
V = C / (1 + 4.136E-4) = 0.9996 * C