Insufficient supply for rare peaks is a sign you lack peaking power plants.
I'm not sure where you got your information, but last year more than 800,000 homes and businesses unexpectedly lost power for 2 days according to NBC[0].
This year, in order to prevent the unexpected loss of power, many people were subjected to Rolling Blackouts[1] where their power was scheduled to be turned off for hours at a time and they had no choice in the matter.
[0] - https://www.nbcnews.com/news/us-news/california-warned-brace...
http://www.caiso.com/Documents/Final-Root-Cause-Analysis-Mid...
The characterization that anyone "lost power for 2 days" is totally wrong. The longest period of load shedding in August 2020 was 150 minutes affecting 300k customers. 500MW of load was disconnected, that's ~1% of the CAISO demand.
People unexpectedly lost power for up to 2 days.
If nothing else demand varies over the course of the day so unless there is very widespread issues with generation like in Texas generation capacity should be sufficient at some point in the day.