I can't find any sources that say its all BS. Unlike the nuclear winter theory which has many detractors.
Yes small electronics are actually less of a risk (assuming they arent connected from the grid) Because the length of the conductors is much smaller And of course the military has hardened everything for a long time.
But for the civillian power grid, those conductors are huge, exposed and mostly unshielded . And they're all connected. Well except for Texas. Since it is all connected, shielding over the distances may not be practical. If part of the grid gets hit, the charge is going go flow everywhere.
Lightning strikes are very rare and brief - lasting ms, despite delivery millions of volts the power transfer is not that large. Whereas the ionization of the trosophere could persist for some time, delivering hundreds/thousands of volts over an extended period. This could be enough to melt/blow transformers.
Operation Starfish in 1962 did produce measurable effects in Hawaii some hundreds of miles away, blowing out street lamps, albeit not a complete grid loss. Shortly after, they banned testing in the upper atmosphere, and banned nuclear weapons in space. So either there isn't anything practical they can do to stop it, and are relying on a treaty and the goodwill of the other side, or they have figured out its mostly baloney.