Pros
SRP (Salt River Project) is the people's company. It was formed in the early 1900's as a necessity. Someone had to manage the flow of water into the Phoenix area, as well as the hydro-electric power generated by their series of dams on the Salt and Verde rivers. SRP employees are their customers, and vice versa. This is a GREAT place to work. Annual raises are determined by MBO (Management by Objective). Employees are not subject to the whims of CEOs or sole proprietors. I'm sorry I left. It's a tough world for the self-employed.
Cons
Because raises or promotions are determined once per year at SRP, the notion of constantly pleasing "the boss" is moot. All the butt kissing in the world won't make a bit of difference during the other 11 months. Therefore, it is real easy to get "fat and satisfied" in your job. Because SRP is a not-for-profit public utility and a federal sub-division, they have tons of money. Therefore, it's easy to get spoiled with huge equipment and operations budgets. Maybe not a "Con", but certainly fuel for waste and apathy.