What would you do?

Seventy-Year-Old Sailor Rescued Off Santa Cruz Island (Dec. 2007)
Rescuers say a lone 70-year-old sailor lost all electricity on his 50-foot yacht near Santa Cruz Island and was airlifted to safety by a U.S. Coast Guard crew before his vessel ran aground and was destroyed.
A Coast Guard official said that without electricity, the man could not start his auxiliary engine and avoid being blown toward the island.
The official said the sailor was spotted by a Los Angeles-based Coast Guard helicopter crew about a half-mile from shore around 3 a.m. Friday and taken to a hospital to be treated for mild hypothermia. The wreckage of the yacht was later spotted on island’s shore.
Santa Cruz Island, the largest in the Channel Island chain, is about 22 miles off the Santa Barbara County coast.
(Copyright 2007 by The Associated Press. All Rights Reserved.)

What would you have done in this situation? Here are some of my thoughts on options. Post yours as well.

1. If there was satisfactory wind, sail out of this situation
2. Depending on depth employ emergency anchor procedures
3. Radio for tow assistance from local boats in the area
4. If two separate battery banks, engine and cabin, check battery power in cabin bank replace, or wire, engine batteries with these. This would take some time so consider the rate of drift.
5. In all cases, once the solution(s) are engaged prepare dinghy for launch in case you need to abandon ship. Make sure life jackets are within easy reach or already on. Prepare radio for emergency SOS broadcast.

Post any additional options to be considered.