If you really need a job, relocate to the southeast, mainly Houston. Oil and gas companies are staffing up for upstream work. Downstream work is dead right now. The money as of right now is pulling the stuff out of the ground and not in refining it. The demand isn't there for there to be good margins on the product.
If you are willing to travel 280 days a year, you can clear 150k doing journeyman electrician work on drilling rigs. The hours and lifestyle will suck but you gain a lot of valuable experience with motors, PLC's, wiring diagrams, and SRC's. If you are good, you'll get paid well because downtime is lost money. It isn't engineering work persay but it pays well and is good experience.
If you are looking for power systems work, Schweitzer Engineering is doing a big hire on. They are looking to staff up 200 people withing the next year. That is about 10% growth. There are a lot of consulting companies right now that are looking to add on people: Power Engineers, Black and Veatch, Burns and McDonnell, Dashiell, all the ISO's (NYISO, ERCOT, MISO, CAISO,SPP PJM), most utilities are slowly staffing up to replace their soon to be retired senior engineers. If you are willing to relocate and have taken some power systems courses, you are ahead of most people these organization are looking at.
I would recommend getting your resume looked at (HR people sift through resumes not engineers, looks matter), join IEEE IAS an PES socities, attend a IEEE PES or protective relaying conference if one is near you to learn about the industry but more importantly to meet people in the industry, get some business cards made up, take some graduate level power courses in the mean time to stay sharp and busy (online courses are available through several universities if your location is an issue), and be persistent with following up on leads and calls. There is more power systems work out their then the economy would leave you to believe. If you are willing to relocate, you'll probably have a job inside 6 months. If you are picky with what you want to do, it might take a little longer.
I am too old for this shit.