Pros

It's a good place to launch a career in the electric utility industry. There is always plenty of work to stay busy. They are very short staffed, so there is opportunity to gain a broad experience base.

Cons

Employees are generally disrespected by upper management: (i.e. Employees WILL work from eight to five, and WILL take lunch breaks from noon to one.) The capital budget is artificially constrained. New infrastructure will not be approved for construction unless either: 1) The new infrastructure results in an opportunity to gouge the California energy market, or 2) It can be VERY clearly demonstrated that the existing infrastructure will burn down in the next year.
Constantly changing organizational structure and tightening of policies reduces overall morale, and casts a cloud of uncertainty over everything. Hard working employees that don't lobby for raises all the time are given glowing reviews, and paltry raises that don't even keep up with inflation.

Advice to Senior Management

Respect and trust the professionals you have hired