Pros
It is great to be part of the organization tasked with delivering safe water to Denver residents. Many of your co-workers will be passionately committed to this. Benefits are still good. Denver Water is best seen as a place to gain experince to use to move to a more humane utility.
Cons
Denver Water no longer cares about the rank and file employee. Do not be fooled by the salary range you will be shown for your position, no one but upper management will ever move past the midpoint. In many areas, especially the Water Quality section, reviews are punitive and used to create an atmosphere of fear and intimidation. Accountability is a concept not applied to managers in this section. And please don't expect HR to offer support to any employee who is not a supervisor.