Most HP power supplies have a green LED light lit on them, but its always lit when power is present. Can you better describe the location on the back of the computer that this light was coming from?
[ Generally with most computers and other electronic devices GREEN = GOOD & *RED = BAD ]
*RED can also be a normal color indicator for hard drive activity, back lighting to keyboard on laptops etc, and some gaming motherboards glow red with multiple LEDs, charge indicator showing that its charging and not at full charge to be green etc, and so on.