During the PEL, once dead engine glide altitude is reached, what should be done regarding power and landing gear?

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When the dead engine glide altitude is reached during a PEL (Power-Off Emergency Landing), it is crucial to manage the aircraft's systems correctly for a safe landing. Reducing the power to 4-6% allows for enough control while conserving altitude and addressing the glide's aerodynamic needs. Lowering the landing gear by high key is vital for ensuring that the aircraft is configured correctly for landing at an appropriate time, providing enough margin for the landing approach and thereby enhancing the safety of the landing process. This method ensures that you are prepared for a landing while also allowing for control of airspeed and descent rate, thus making it the best option in this scenario.