My ‘almost new’ (1995) UPS went very far south…
It went crackle-crackle, followed by shooting sparks/smoke out the little space where the dip switches are at the rear. No damage to connected load or anything else…..
Autopsy revealed that the inside was a charred smoky mess…it looks like some regulator next to the transformer went all-barbeque on me.
Note to self: buy a UPS with a METAL case, not a PLASTIC case.
Fry’s had a great sale on a new one ($110 after rebate for a APC BackUPS XS 1500).