Wes- judging by the lineman's comment, your neighborhood is obviously powered by one leg of a 7250v 3-phase distribution line. Your house's transformer has 7250 coming in, and 240v split-phase coming out (120v each leg, with center neutral). Sounds like the transformer failed, and blasted it's high-voltage insulator off, landing on the terminal for one of your 240v mains.
That's a bad deal... your house wiring is all designed around a 600v insulation resistance... so major electrical carnage can be expected. Be sure to check ABSOLUTELY EVERYTHING electrical (including your panel circuit breakers, etc) especially computer power supplies, electronic clocks, stoves, refrigerators, air-conditioners... typically, you'll have damaged or burned out filter capacitors, starting capacitors, power supply transformers,etc. that've internally arc'd over, and while they still function, they'll either be internally shorted (and not long for this world) or very close to it. They could melt down and cause a fire... not good when you're not around.
If you have a gas oven with electronic ignitor, check the oven portion for proper operation... if the oven valve won't open, replace the electronic ignitor- the surge probably zortched it to the point where it won't get hot enough to open the gas valve. Same goes for electric start on your furnace.
Zapped filter-caps and inductors may, or may not prevent your electronic appliances from working, but without the filtration, and RF noise they develop will not be stopped... it'll be radiated out through your house wiring, causing radio-interferance to other devices and radio systems for quite some distance... (several feet to several hundred miles).
Hopefully any surge that occurs an order-of-magnitude above your 600v insulation resistance got shunted out at your meter panel... like... never getting into the house...
Keep a very careful record of which devices failed, and be sure to submit the list (and replacement costs) to your utility and/or insurance company. Don't be surprised if you have an odd occurance of machinery 'dying' in a few months.