geomagthrowaway
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Joined 6 years ago
If you want a very in-depth review: https://doi.org/10.1002/2016SW001501
The danger is not from the cables burning out (extreme GIC events can lead to a couple of hundred Amps, which shouldn't be a problem for the cables), but the addition of the DC current in an operational transformer will push it into core saturation leading to nasty effects. Twisted/untwisted cables don't come into it.
Source: postdoc who models Carrington-scale events, and did my PhD on GICs in a regional power network.