I've no idea but I'm delighted because it gives me the chance to mix business and pleasure and post this link:
http://www.emfs.info/effects/microshocks/microshocks-from-bicycles/
Any resemblance between the photo on that page and my avatar is, err, not exactly coincidental.
It sounds like Google may have led you to the above link, which would be very gratifying, as we've (that's the business "we" not the pleasure "we") made a commitment to government to make that information accessible to cyclists who want to find out what it is that happens when they cycle under power lines.
It is indeed induced charge, but induced by the electric field from the power line not the magnetic. It happens with aluminium or titanium bikes as well as steel.