SuperNaruto nailed it.
I'm running a 2.66 GHz 4-core Mac Pro on a brand-new APC Back-UPS RS 1500 VA. I also have a 24" LCD, backup hard drives, a cable modem, and a printer (surge only) plugged into the UPS.
Despite the extremely hefty specs on the UPS, sometimes when I cold-boot my Mac Pro, the UPS will overload. The battery backup will kick in for a few seconds so the Mac Pro can continue to boot. What this means is that on startup, the required power spike is somewhere in the range of 800-900 watts! And there isn't anything wrong with my UPS. A quick search of the Apple Support Forums shows that some people have had problems with Woodcrest Macs tripping their circuit breakers!
Now granted, your problems aren't occurring on startup, and you're not using a Mac Pro. But I can see how your system might pull a pretty decent amount of power, especially if your video card is working hard on OpenGL calculations when you're working in a 3D app. If your UPS is the one I'm thinking it is, it's only rated for around 315 watts. I wouldn't be surprised if just the power supply in your computer is rated higher (whether truthfully or not).