You might want to take a closer look at your spreadsheet. I don't have a copy of ANSI C37 in front of me, but I'm not sure that the de-rating is necessarily that severe for circuit breakers.
If you're talking about circuit switchers, that may be a different story.
From the viewpoint of the breaker designer, the worst duty is capacitor switching. Line charging interrupting is a similar situation.
You're right - the basic problem is the phase angle difference between the voltage and the current. A HV breaker attempts to extinguish the arc at a zero current crossing, after the contacts open. If the voltage is too high, the arc is not extinguished. For capacitor switching, the voltage will be at a maximum when current is zero. After arc is extinquished, the system imposes a transient recovery voltage across the contacts of the breaker. If the dielectric strength of the medium between the contacts is sufficient, the arc will remain extinquished. If it isn't the arc will re-strike and the breaker must try again at the next current zero. With capacitor switching the voltage is immediately at a maximum value leaving the dielectric no time to cool off and re-build dielectric strength.
For so-called "back-to-back" cap bank switching, it is *closing* the breaker that creates very high currents and surge voltages on the system, due to the exchange of energy between the cap banks.
Having said all that, I don't think a circuit breaker should have a problem interrupting cable charging current for any practical circuit for which it can handle normal fault duty. Unless I'm missing something - or wrong again.
If it is a load-break switch or circuit switcher, then it might be a problem.
Hope that helps.