PaulBags: My electrial knowledge is lacking, would getting your own transformer be useful here?
If the transformer steps up AC voltage by ten percent during a brownout, then it also outputs 132 volts when 120 volts is normal. Transformers (that you can buy) do not adjust. Transformers that do adjust are already installed and maintained by the utility.
All voltages down to zero do not harm electronics. But that dimming indicates a potentially harmful voltage to motorized appliances. So the utility cuts off power to protect your motors.
How often do you lights dim to 50% intensity? And when - during what time or anomaly?