AC has far lower transmission losses over long distances
Does it? I was always under the impression that AC was used for long-distance transmission because it could be easily stepped up to very high voltages with transformers while efficient DC-to-DC conversion was not possible until relatively recently. For the same power transmitted, resistive losses are lower at higher voltages as power lost to heat goes as I^2*R and lower currents could be used.
However, modern solid-state DC-to-DC converters are extremely efficient, can step DC voltages up to very high voltages and thus benefit from lower resistive losses in transmission. HVDC also benefits from not having to deal with inductive or capacitive losses in the cable.
In short, as far I know the key to minimizing losses in transmission lines is to use high voltages, not because of any inherent advantage of AC.