Roger...
Because the phases are separated there is a greater impact of inductivity caused by phase-separation, thereby increasing the "effective resistance"! The result is higher losses than when the 3-phase conductors are bundled in groups of three (tre-foil).
The added "resistance" increase varies as conductor-size increases! For example, up to say #4 AWG (cu), the increase is nil! But for 250 kcmil, the increase is appreciable. If configuration is tre-foil, and operated near rated-current, resistance is r-Ohm/k-ft, but if arranged with separation of say 5-diameters shown in photo (my guesstimate) effective-resistance will increase by 1.05-1.15 x r-Oms/k-ft (an increase of 5-15%!
Phil