Earlier quoted context omitted.
You are off by about a factor of 1,000. Each incremental increase in magnitude is 10^1.5 in power. The difference between 1994 Northridge and this one is 2.1, so roughly 10^3 difference in power.
I thought that it was a log10 scale, so each increment of 1 on the scale is a 10-fold power increase, not a 10^1.5-fold.
AFAIK, it was done that way to maintain rough congruence with historical seismic magnitude scales, which were more qualitative in nature. Modern seismic scale systems are significantly more scientific and quantitative but you can kind of retcon the historical systems if you set the exponential strength scale to 10^1.5 in the modern systems.