Had a failed power supply, and when installing the replacement, the system still recognizes it as failed power supply, even though all status lights are green.
On Junos 10.4R1 through R3, the SRX-5000 chassis is not able to recognize when a failed PEM has been replaced. As a result, after replacing with a known good PEM, you will still see logs in the messages file indicating there is a failed power supply. You will also see red status lights for that PEM on the front of the chassis, even though, on the PEM itself, you can see green status light. This will be addressed in Junos 10.4R4, but does not affect Junos 11.1. To get around this problem, reboot the node.