The power dissipated by a transmission cable is related to the voltage across the cable and its resistance by the formula:
\[
P = \frac{V^2}{R_c}
\]
This implies that the power dissipated by the resistance \( R_c \) is proportional to the square of the voltage and inversely proportional to the resistance. Thus, the power dissipated is:
\[
{Power dissipated} = \frac{P^2 R_c}{V^2}
\]
Hence, the correct answer is (D).