No power light of any kind. Tried turning power on and off. Any suggestions?

No power light on time capsule.

Unfortunately, this likely indicates that there has been a failure of a internal power supply component. If you have an Apple store in your area, I suggest that you take it to them to have them verify and go over your options with you.
Otherwise, you can contact Apple directly to get the process going.
http://www.apple.com/support/contact/

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