help a new brother out. power supply confusion.

just started getting into higher end audio and essembled my first entry level system. no doubt i'll be upgrading in the future but want to get this power supply thing sorted out. read up on the particulars here at AudioG and am still a bit confused.

current system is krell s-300i integrated, aerial 7b speakers, velodyne dd12 sub, consonance turandot cdp (about to go away/get replaced), sony ps3 (games, blueray movies ect). using audioquest bi-wire gibraltar speaker wire and cardes ic. use satilite for tv/sat radio and listen to alot of SAT radio. music preferance is diverse. rock, alt, jazz, classical...almost everything except country.

have decided to update my cheapo $1 outlets to porter ports and run a dedicated line. think i need a surge protector here in the midwest where t-storms have always made me nervous. had an incident about 15 years ago and have been paranoid ever since.

i've got a monster sp from a few years back that cost about $75. it's not a cheapo from walmart but i truly have no idea how good/bad it is. will using it defeat the upgrades i'm doing?. will a surge protector in general take "anything away". if my monster sp is junk and an sp is something that won't "hurt"...what would you suggest for someone on a budget.

wondering what you guys with more experience think.

i'll save my confusion about upgrading power cords until after i get this figured out =) (should i upgrade power cords period. my equiptment is pretty new with beefy lookin stock cords already?)

cheers
Lev