Basically, the "oh shit" problem is that the main engine has to shut down if the pumps go offline (because otherwise it'll catastrophically overheat or seize up), and the breakers going off the way they did is pretty much the *only* thing that will actually drop ALL the pumps offline in a single stroke. And even so, if it had happened anywhere else, losing propulsion in that manner would not be a big deal because they can restart the main engine as soon as they've got just *one* main generator and the emergency online, they just can't do it *quickly* because they need to charge the compressors to kick the engine.