I have the same problem and am reporting it under this thread
 
 EVGA GTX 1080 FTW BIOS
Its the reason I bought it over the SC so it's kinda irritating.

1) Yes
2) That... seemed to have fixed it.. 130% working again, tyvm 

Compufreak345
1) Do you have Precision X OC 6.0.4 ?
2) Did you try shutting down, turning of your power supply for 1 minute and turn it on again? Might sound strange, but for me this worked whereas just turning the PC off and on again didn't. 

1) Yes
2) Trying now, will report back

I shut down my workstation and turned the PSU off for 90 seconds - nothing.
I then shut down my workstation, turned the PSU off, and turned the supply off at the wall - 130% now showing.
 
Thanks for the help! It appears more stable, but GPU-Z shows the voltage is the limiting factor. GPU Boost 3.0 gets the core up to 1998 without any changes... 130% gives me an additional ~100 MHz or so and an extra 90 points on the 3DMark DX12 test.
 
Since I'm new to EVGA, I was not aware of the higher 'Classified' model. Had I known, I would have opted for that model instead. However, compared to the reference card, sorry I mean Founders Edition, this FTW is great. Here are two observations:

• No micro-stutter in every game (even Civ V).
• Average temperature in Fallout 4 (Ultra/Max mixture at 2160) is now 70 degrees. This reached 88 on the reference model and then down-clocked (fans 100%).

 

Gabkicks
i switched to slave bios, and then i turned pc off, unplugged power for like 20 minutes then turned back on and i am still at 120% power limit max

Sounds like your card has the same vbios on both the master and secondary.

z999z3mystorys
for me, I powered down, switched the bios, started the system back up, then rebooted again, that fixed it, seems it needs an extra reboot for some reason.

lol this worked. i just restarted pc and now it shows up. I really wanted to wait for  the 1080ti but that probably wont come out for this  gen.  This card's great anyways.