As two power supplies are for redundancy, a single PSU should always have enough capacity for the whole server: you could leave the other one unplugged, if you wish.
Redundancy for environmental problems comes usually prior to redundancy for PSU failures, as they occur more often, and a failing PSU may also harm other components. The units could have separate power sources altogether, or separated UPS solutions, so that a failing battery on a single UPS wouldn't cause power outages.
And for anyone who even thinks about it: they are NOT for moving a running server to another place. ;)