The final votes are waiting on negotiations between the UDC drafters and MLG&W (perhaps other agencies) to get beyond differences like this.
By the way, I understand the huge cost of retrofitting all of Memphis for underground electric cabling -- all at once. However, unless we know that the underground water systems will last forever, why not use their repairs as opportunity for burying cables?
For instance, here's work being done in the last few weeks along the public median of Sycamore View by MLG&W.
Why not bury the electric lines (see background) that run up and down the street at the same? A twofer.
It may take a hundred years but a long-term beautification is preferable to a forever ugly.