FORM 10-Q
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

       QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES
                              EXCHANGE ACT OF 1934.

                  For the quarterly period ended September 30,
                                      2001

                         Commission file Number 0-24143

                        RIDGEWOOD ELECTRIC POWER TRUST V

(Exact name of registrant as specified in its charter.)

             Delaware                        22-3437351
 (State or other jurisdiction of          (I.R.S. Employer
  incorporation or organization)           Identification No.)

   947 Linwood Avenue, Ridgewood, New Jersey                07450-2939
   ------------------------------------------------------------------------
   (Address of principal executive offices)                  (Zip Code)

               (201) 447-9000
               ----------------
Registrant's telephone number, including area code:

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. YES [X] NO [ ]





<PAGE>


                         PART I. - FINANCIAL INFORMATION

Item 1. Financial Statements















                        Ridgewood Electric Power Trust V

                        Consolidated Financial Statements

                               September 30, 2001



<PAGE>


Ridgewood Electric Power Trust V
Consolidated Balance Sheet  (unaudited)
--------------------------------------------------------------------------------


                                              September 30,    December 31,
Assets:                                            2001           2000
                                               ------------    ------------
Cash and cash equivalents ..................   $  4,746,574    $  4,731,081
Accounts receivable ........................      1,182,298         538,183
Due from affiliates ........................           --           164,237
Other current assets .......................        143,642         712,732
                                               ------------    ------------
         Total current assets ..............      6,072,514       6,146,233
                                               ------------    ------------

Plant and equipment ........................     16,065,563      12,928,899
Less - Accumulated depreciation ............     (1,862,947)     (1,022,536)
                                               ------------    ------------
Plant and equipment, net ...................     14,202,616      11,906,363
                                               ------------    ------------

Electric power sales contract ..............     14,149,090      10,956,161
Less - Accumulated amortization ............     (1,841,103)     (1,234,212)
                                               ------------    ------------
Electric power sales contract, net .........     12,307,987       9,721,949
                                               ------------    ------------

Investments:
    Maine Hydro Projects ...................      5,296,477       5,346,948
    Maine Biomass Projects .................      5,665,607       5,485,287
    Egypt Projects .........................      4,916,377       6,299,001
    Synergics, Inc. ........................      5,869,109       5,459,284
                                               ------------    ------------
         Total assets ......................   $ 54,330,687    $ 50,365,065
                                               ------------    ------------

Liabilities and shareholders' equity:
Liabilities:
Current portion of long-term debt ..........   $    679,903    $    622,386
Accounts payable and accrued expenses ......      1,505,700         903,579
Due to affiliates ..........................        332,941         645,822
                                               ------------    ------------
         Total current liabilities .........      2,518,544       2,171,787
                                               ------------    ------------

Long-term debt, less current portion .......     11,838,843       9,215,778
Deferred income taxes ......................        832,283         764,901
Minority interest ..........................      3,887,443         473,259

Commitments and contingencies
                                               ------------    ------------

Shareholders' equity:
Shareholders' equity (932.8875 investor
 shares issued and outstanding) ............     35,693,234      38,154,142
Managing shareholder's accumulated deficit
 (1 management share issued and outstanding)       (439,660)       (414,802)
                                               ------------    ------------
 Total shareholders' equity ................     35,253,574      37,739,340
                                               ------------    ------------
 Total liabilities and shareholders' equity    $ 54,330,687    $ 50,365,065
                                               ------------    ------------



                 See accompanying notes to financial statements.


<PAGE>



Ridgewood Electric Power Trust V
Consolidated Statement of Operations (unaudited)
--------------------------------------------------------------------------------

                               Nine Months Ended          Three Months Ended
                             ----------------------   -----------------------
                                  September 30,             September 30,
                                 2001        2000           2001        2000
                             ------------  ---------  ------------ ------------
Revenues ................... $  4,416,136        --      1,514,394         --
Cost of sales ..............    3,176,092        --      1,132,744         --
                             ------------  ----------  -----------  -----------
Gross Margin ...............    1,240,044        --        381,650         --

General and administrative
 expenses ..................      593,906     374,606      234,065      200,537
Management fee paid
 to managing shareholders ..    1,749,168   1,674,301      583,056      583,056
Research and development ...      238,776     833,816     (318,059)     171,204
                               ----------   ---------    ---------    ---------
  Total other operating
 expenses ..................    2,581,850   2,882,723      499,062      954,797
Loss from operations .......   (1,341,806) (2,882,723)    (117,412)    (954,797)

Other income (expense):
Interest income ............      139,788     361,101       39,632       38,580
Interest expense ...........     (788,271)       --       (293,008)        --
Interest income from
 Synergics Projects ........      409,825     312,500      136,609      187,500
Equity interest in:
(Loss) income from
 Maine Hydro Projects ......      (50,471)    279,370     (321,577)    (382,363)
(Loss) income from
Maine Biomass Projects ....      (269,680)   (295,549)     144,182     (125,453)
Income from Egypt Projects .      131,202      66,386       61,978        4,774
Loss from Santee River
 Rubber Project ............         --      (361,042)        --           --
Income from Quantum Conveyor         --        79,330         --        173,883
Loss from MetaSound ........         --      (717,434)        --       (150,992)
Loss from Mediterranean
 Fiber Optic Project/GFG ...         --       (49,924)        --           --
Income from United Kingdom
 Landfill Projects .........         --     1,175,012         --        355,027
Writedown of investment
 in Mediterranean
 Fiber Optic Project/GFG ...         --    (1,447,746)        --           --
Writedown of investment
 in Santee River
 Rubber Project ............         --    (8,247,340)        --     (8,247,340)
                               ---------   ---------    ---------    ----------
Other income
 (expense) net .............     (427,607) (8,845,336)    (232,184)  (8,146,384)
                               ---------    --------    ----------   ----------

 Loss from operations ......   (1,769,413)(11,728,059)    (349,596)  (9,101,181)

Income taxes ...............       74,658        --       (131,297)        --
                               ---------    --------    ----------    ---------
Loss before minority
 interest in net loss
 of consolidated
 subsidiaries ..............   (1,844,071)(11,728,059)    (218,299)  (9,101,181)
Minority interest
 in earnings (loss) of
 consolidated
 subsidiaries ..............       68,881    (366,879)      300,227     (75,329)
                               ---------- -----------    ----------    ---------

Net loss ...................  $(1,912,952) $(11,361,180) $(518,526) $(9,025,852)
                               ============  ==========  ==========    =======

                 See accompanying notes to financial statements.
<PAGE>



Ridgewood Electric Power Trust V
Consolidated Statement of Changes in Shareholders' Equity (unaudited)
--------------------------------------------------------------------------------


                                                    Managing
                                    Shareholders   Shareholder        Total
                                    ------------   ------------    ------------

Shareholders' equity,
 December 31, 2000 ..............   $ 38,154,142    $   (414,802)  $ 37,739,340

Cumulative translation adjustment       (567,086)         (5,728)      (572,814)

Net loss for the year ...........     (1,893,822)        (19,130)    (1,912,952)
                                    ------------    ------------   ------------

Shareholders' equity,
 September 30, 2001 .............   $ 35,693,234        (439,660)  $ 35,253,574
                                    ------------    ------------   ------------






Ridgewood Electric Power Trust V
Consolidated Statement of Comprehensive Loss  (unaudited)
--------------------------------------------------------------------------------


                            Nine Months Ended         Three Months Ended
                         --------------------------  ------------------------
                         September 30, September 30, September 30, September 30,
                            2001          2000            2001          2000
                         ------------  ------------  ------------  ------------

Net loss .............   $ (1,912,952) $(11,361,180) $   (518,526)   (9,025,852)

Cumulative translation
 adjustment ..........       (572,814)   (1,279,296)      (37,604)     (222,026)
                         ------------  ------------  ------------    ---------

Comprehensive loss ...   $ (2,485,766) $(12,640,476) $   (556,130)  $(9,247,878)
                         ------------  ------------  ------------    ----------




                 See accompanying notes to financial statements.


<PAGE>


Ridgewood Electric Power Trust V
Consolidated Statement of Cash Flows (unaudited)
--------------------------------------------------------------------------------
                                              Nine Months Ended
                                       -----------------------------
                                       September 30,    September 30,
                                            2001            2000
                                        ------------    ------------
Cash flows from operating activities:
Net loss ............................   $ (1,912,952)   $(11,361,180)
                                        ------------    ------------
Adjustments to reconcile net income
 to net cash flows from operating
 activities:
Depreciation and amortization .......      1,447,302            --
Loss (income) from Maine
 Hydro Projects .....................         50,471        (279,370)
Loss from Maine Biomass Projects ....        269,680         295,549
Loss from MetaSound Systems .........           --           717,434
Income from Quantum Conveyor ........           --           (79,330)
Loss from Santee River Rubber Project           --           361,042
Income from Egypt Projects ..........       (131,202)        (66,386)
Loss from Mediterranean Fiber
 Optic Project/GFG ..................           --            49,924
Income from United Kingdom
 Landfill Projects ..................           --        (1,175,012)
Interest income from Synergics Hydro        (409,825)       (312,500)
Writedown of investment
 in Mediterranean Fiber Optic
 Project/GFG ........................           --         1,447,746
Writedown of investment in
 Santee River Rubber Project ........           --         8,247,340
Minority interest in income
(loss) of consolidated
    subsidiaries ....................         68,881        (366,879)
Changes in assets and liabilities:
Increase in accounts receivable .....       (635,377)           --
(Increase) decrease in
 due from affiliates ................        164,237        (176,853)
Decrease (increase) in
 other current assets ...............        569,090         (29,200)
Increase (decrease) in
 accounts payable and accrued
         expenses ...................        916,001         (23,487)
Increase in deferred income taxes ...         67,382            --
Decrease in due to affiliates .......       (312,879)       (429,659)
                                        ------------    ------------
Total adjustments ...................      2,063,761       8,180,359
                                        ------------    ------------
Net cash provided by
 (used in) operating activities .....        150,809      (3,180,821)
                                        ------------    ------------
Cash flows from investing activities:
Capital expenditures ................     (3,539,901)           --
Purchase of power contract ..........     (3,192,929)           --
Investments in Egypt Projects .......           --        (2,200,256)
Investments in Synergics Hydro ......           --        (5,057,494)
Loans to Maine Biomass Projects .....       (450,000)           --
Distributions from Maine
 Hydro Projects .....................           --           800,000
Investments in Santee
 River Rubber Project ...............           --          (421,928)
Distributions from Egypt Projects ...        899,982            --
                                        ------------    ------------
Net cash used in investing activities     (6,282,848)     (6,879,678)
                                        ------------    ------------
Cash flows from financing activities:
Contributions to United
 Kingdom Landfill Projects by
 minority interest ..................      3,466,950            --
Borrowings under bank loan ..........      2,680,582            --
Cash distributions to shareholders ..           --        (2,672,565)
                                        ------------    ------------
Net cash provided by
 (used in) financing activities .....      6,147,532      (2,672,565)
                                        ------------    ------------
Net increase (decrease)
 in cash and cash equivalents .......         15,493     (12,733,064)
Cash and cash equivalents,
 beginning of year ..................      4,731,081      14,759,184
                                        ------------    ------------
Cash and cash equivalents,
 end of period ......................   $  4,746,574    $  2,026,120
                                        ------------    ------------
                 See accompanying notes to financial statements.


<PAGE>




Ridgewood Electric Power Trust V
Notes to Consolidated Financial Statements (unaudited)

1. General

In the opinion of management, the accompanying unaudited consolidated financial
statements contain all adjustments, which consist of normal recurring
adjustments, necessary for the fair representation of the results for the
interim periods. The December 31, 2000 financial information has been derived
from the audited consolidated financial statements for the year ended December
31, 2000. The consolidated financial statements should be read in conjunction
with the audited consolidated financial statements for the year ended December
31, 2000 which were included as part of Ridgewood Electric Power Trust V's
Annual Report on Form 10-K. Certain prior year amounts have been reclassified to
conform to the current year presentation

The results of operations for an interim period should not necessarily be taken
as indicative of the results of operations that may be expected for a twelve
month period.

2. Summary Results of Operations for Selected Investments

Summary results of operations for the Maine Hydro Projects,  which are accounted
for under the equity method, were as follows:

              Nine Months Ended September 30,   Three Months Ended September 30,
                     2001           2000          2001            2000
                   -----------    -----------   -----------    -----------
Total revenue ...   $ 2,214,000    $ 3,082,000   $   145,000    $   227,000
Depreciation and
 amortization ...       832,000        841,000       278,000        280,000
Net income (loss)      (101,000)       559,000      (643,000)      (764,000)

Summary  results  of  operations  for the  Maine  Biomass  Projects,  which  are
accounted for under the equity method, were as follows:

              Nine Months Ended September 30,   Three Months Ended September 30,
                     2001           2000          2001            2000
                   -----------    -----------   -----------    -----------
Total revenue ...   $ 3,910,000    $ 1,838,000    $ 2,565,000   $   526,000
Depreciation and
 amortization ...       105,000        177,000         45,000        59,000
Net income (loss)      (539,000)      (591,000)       288,000      (251,000)

Summary  results of operations for the Egypt  Projects,  which are accounted for
under the equity method, were as follows:

              Nine Months Ended September 30,   Three Months Ended September 30,
                     2001           2000          2001            2000
                   -----------    -----------   -----------    -----------
Total revenue      $3,452,000      $1,169,000     $1,371,000   $  525,000
Net income ..         599,000         179,000        297,000       13,000

Summary results of operations for the UK Landfill Gas Projects, which were
accounted for under the equity method through December 31, 2000, are as follows:


              Nine Months Ended September 30,   Three Months Ended September 30,
                     2001           2000          2001            2000
                   -----------    -----------   -----------    -----------
Total revenue     $4,416,000      $4,172,000     $1,514,000     $1,347,000
Net income ..        246,000       1,175,000        174,000        355,000

3. Legal Matters

As reported by the Trust in it's Form 10K for the year ended December 31, 2000,
on June 2, 2000, Indeck Maine filed a "Complaint Requesting Fast Track
Processing And Request For Immediate Action" with the Federal Energy Regulatory
Commission ("FERC") seeking FERC's removal of bid restrictions placed on Indeck
Maine's Projects. The Complaint asserted that the actions of the ISO in setting
bid caps and unilaterally mitigating Indeck Maine's bids far exceeded its
authority under the ISO's market rules. On July 26, 2000, FERC agreed with
Indeck Maine and ruled that the ISO had no basis to impose bid restrictions upon
Indeck Maine but, concluded, that "[we] will grant Indeck's request to order
ISO-NE to remove the bid caps on Indeck's units as of the date of this order."
Unfortunately, FERC failed to rule that the ISO bid caps and other restrictions
were improper from their inception. On August 25, 2000, Indeck Maine filed a
motion with FERC seeking a clarification that the bid restrictions were improper
from inception or, in the alternative, a rehearing on that issue. FERC has yet
to rule on the matter.

In addition, as stated above, in early October 1999, the ISO informed the Trust
that a scheduled transmission outage for October 16 and 17 required the ISO to
activate all possible generation in Maine. The Maine Biomass Projects, which had
been shut down and which did not have full crews available, had a pre-existing
offer to supply electric energy at a high price, reflecting the costs of
restarting the plants, obtaining a crew on short notice and covering fixed
costs. The ISO accepted the offer subject to its market rules and conditions.
The Maine Biomass Plants operated as dispatched by the ISO on October 16 and, if
they were paid in accordance with their offer terms, would have received in
excess of $2.2 million. In November 1999, the ISO advised RPM that it would pay
a total of $5,000 for the energy the Projects produced on October 16. The ISO
has stated that, in its opinion, the Projects had monopoly-like market power on
October 16 and that under the existing market rules it was only obligated to pay
a rate based on variable costs unless the Projects could cost-justify a higher
rate.

As a result, on October 24, 2000, Indeck Maine filed a complaint against the ISO
in the Superior Court of Delaware alleging, among other things, that the ISO's
action in October 1999 resulted in a breach of an express or implied contract,
violated certain consumer protection laws and amounted to fraud. The ISO removed
the litigation to Federal District Court in Delaware and filed a motion to
dismiss Indeck's claims as improperly brought before the Court. ISO claims such
matters belong before FERC. Indeck Maine opposed the ISO motions and filed a
motion to remand the matter back to the Delaware courts. On October 9, 2001, the
Federal District Court in Delaware decided the various motions before it and
held that Indeck Maine's complaint be dismissed. Essentially, the Federal
District Court agreed with the ISO and decided that the claims of Indeck Maine
should be brought before FERC, rather than a court of law. Indeck Maine has
filed an appeal of the District Court's decision to the Federal Court of Appeals
for the Third Circuit and is determining whether to bring a complaint against
the ISO before FERC.

4. Subsequent Events

In October 2001, the board of directors of Ridgewood WaterPure Corporation filed
for Chapter 11 bankruptcy with the United States Bankruptcy Court. The company
has discontinued its operations.

In October 2001, the parent company of the UK Landfill Gas Projects acquired,
through the issuance of its shares, the assets of an unrelated third party
development company. The development company's assets include seven new landfill
projects. Of these projects, one is operating and the remainder are close to
completion. In addition to the acquisition of assets, certain liabilities of the
development company were also assumed.



<PAGE>


Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations

Dollar amounts in this discussion are generally rounded to the nearest $1,000.

Introduction

The consolidated financial statements include the accounts of the Trust and
Ridgewood Waterpure Corporation. The Trust's investment in the Synergics Hydro
projects is in the form of a note receivable and, accordingly, the Trust's
earnings are in the form of interest income. The Trust uses the equity method of
accounting for its investments in the Maine Hydro Projects, Maine Biomass
Projects, Santee River Rubber Project, Quantum Conveyor, MetaSound Systems, the
Egypt Projects and the Mediterranean Fiber Optic Project/GFG.

Through December 31, 2000, the Trust used the equity method of accounting for
its investment in the United Kingdom Landfill Projects because its ability to
exercise control over these projects was expected to be temporary due to the
anticipated investment in these projects by the Ridgewood Power Growth Fund. Due
to delays in construction of the additional landfill gas plants, the Growth Fund
elected to invest some of its funds in unrelated projects. As a result, the
Trust expects to maintain control over the projects. As a result, effective on
December 31, 2000, the Trust began to account for these projects using the
consolidation method of accounting.

Results of Operations
                                    For the Nine Months Ended September 30,
Project                                              2001            2000
                                                  ----------    ----------

Maine Hydro Projects ............           (2)      (50,000)      279,000
Maine Biomass Projects ..........           (2)     (270,000)     (296,000)
Mediterranean Fiber Optic Project           (2)         --         (50,000)
Synergics Projects ..............           (3)      410,000       313,000
Egypt Projects ..................           (2)      131,000        66,000
Waterpure .......................           (3)     (239,000)     (834,000)
Quantum Conveyor ................           (2)         --          79,000
Santee River Rubber Project .....           (2)         --        (361,000)
MetaSound Sytems ................           (2)         --        (717,000)
United Kingdom Landfill Projects            (1)      246,000     1,175,000

(1) Earnings, net of minority interest, in 2001. Equity interest in income of
 the project in 2000.
(2) Equity interest in the project.
(3) Interest income

The equity loss from the Maine Hydro Projects for the first nine months of 2001
was $50,000, a decrease of $329,000 as compared to $279,000 of equity income for
the same period of 2000. The loss for the third quarter of 2001 was $322,000, a
decrease of $60,000 as compared to the third quarter of 2000 loss of $382,000.
The decrease in income is due to the below average river flows for 2001.

The equity loss from the Maine Biomass Projects for the first nine months of
2001 was comparable to that of the first nine months of 2000. The Maine Biomass
Projects provided $144,000 of equity income for the third quarter of 2001
compared to an equity loss of $125,000 for the third quarter of 2000. The
increase in third quarter income is due to the West Enfield plant returning to
full time operation during the second quarter of 2001.

The Trust recorded interest income from the note related to the Synergics
Projects of $137,000 for the third quarter and $410,000 for the first nine
months of 2001. The Trust acquired the note in April 2000.

The Trust recorded $131,000 of net income related to the Egypt projects in the
first nine months of 2001, compared to the $66,000 of income recorded in the
same period in 2000. The first Egyptian Projects began operation in the first
quarter of 2000. Additional projects have followed and have become operational
during 2000 and 2001.

The equity loss in the Santee River Rubber project of $361,000 for the first
nine months of 2000 did not recur due to the writedown of the project in the
third quarter of 2000. The Trust recorded losses of $50,000 in 2000, related to
its investment in GFG. GFG was not able to develop the planned Mediterranean
Fiber Optic Project and subsequently ceased operations in 2000. The Trust's
losses from Quantum Conveyor, the Santee River Rubber Project and MetaSound
Systems recorded in 2000 did not recur because these projects were written off
by the Trust in the second half of 2000.

The Trust recorded income from its equity interest in the United Kingdom
Landfill Projects of $1,175,000 and $355,000 for the first nine months and third
quarter, respectively, of 2000. Effective December 31, 2000, the Trust began to
account for these projects under the consolidation method of accounting. For the
first nine months of 2001, revenues of $4,416,000 ($1,514,000 in the third
quarter) and cost of sales of $3,176,000 ($1,133,000 in the third quarter)
related to the consolidated United Kingdom Landfill Projects.

Interest income declined by $221,000 from $361,000 for the first nine months of
2000 to $140,000 in the first nine months of 2001 due to lower average cash
balances. Interest expense of $788,000 and $293,000 in the first nine months and
third quarter, respectively, of 2001 relate to the United Kingdom Landfill
Projects which were accounted for using the equity method in 2000 and
consolidation in 2001.

Except for the $1,448,000 writedown of its investment in GFG in 2000, other
Trust-level expenses in 2001 were comparable to 2000.

The Trust incurred $239,000 of research and development costs related to its
Ridgewood WaterPure water distillation technology for the first nine months of
2001. The decrease in costs are due to the winding down of Ridgewood WaterPure's
operations.

Liquidity and Capital Resources

In 1997, the Trust and Fleet Bank, N.A. (the "Bank") entered into a revolving
line of credit agreement, whereby the Bank provides a committed line of credit
facility of $1,150,000. The line of credit facility expires in July 2002.
Outstanding borrowings bear interest at the Bank's prime rate or, at the Trust's
choice, at LIBOR plus 2.5%. The credit agreement requires the Trust to maintain
a ratio of total debt to tangible net worth of no more than 1 to 1 and a minimum
debt service coverage ratio of 2 to 1. The credit facility was obtained in order
to allow the Trust to operate using a minimum amount of cash, maximize the
amount invested in Projects and maximize cash distributions to shareholders.

Obligations of the Trust are generally limited to payment of the management fee
to the Managing Shareholder and payment of certain accounting and legal services
to third parties. The Trust ceased making distributions to shareholders in the
first quarter of 2001.

The Trust anticipates that its cash flow during 2001 will be adequate to fund
its obligations.

Forward-looking statement advisory

This Quarterly Report on Form 10-Q, as with some other statements made by the
Trust from time to time, contains forward-looking statements. These statements
discuss business trends and other matters relating to the Trust's future results
and the business climate and are found, among other places, in the notes to
financial statements and at Part I, Item 2, Management's Discussion and
Analysis. In order to make these statements, the Trust has had to make
assumptions as to the future. It has also had to make estimates in some cases
about events that have already happened, and to rely on data that may be found
to be inaccurate at a later time. Because these forward-looking statements are
based on assumptions, estimates and changeable data, and because any attempt to
predict the future is subject to other errors, what happens to the Trust in the
future may be materially different from the Trust's statements here.

The Trust therefore warns readers of this document that they should not rely on
these forward-looking statements without considering all of the things that
could make them inaccurate. The Trust's other filings with the Securities and
Exchange Commission and its Confidential Memorandum discuss many (but not all)
of the risks and uncertainties that might affect these forward-looking
statements.

Some of these are changes in political and economic conditions, federal or state
regulatory structures, government taxation, spending and budgetary policies,
government mandates, demand for electricity and thermal energy, the ability of
customers to pay for energy received, supplies of fuel and prices of fuels,
operational status of plant, mechanical breakdowns, availability of labor and
the willingness of electric utilities to perform existing power purchase
agreements in good faith. Some of the cautionary factors that readers should
consider are described in the Trust's most recent Annual Report on Form 10-K.

By making these statements now, the Trust is not making any commitment to revise
these forward-looking statements to reflect events that happen after the date of
this document or to reflect unanticipated future events.



<PAGE>


                           PART II - OTHER INFORMATION

Item 1. Legal Proceedings

See Note 3 under Notes to Financial Statements.



<PAGE>


                                   SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                           RIDGEWOOD ELECTRIC POWER TRUST V
                                                       Registrant

November 14, 2001                By /s/ Christopher I. Naunton
Date                                Christopher I. Naunton
                                    Vice President and
                                    Chief Financial Officer
                                    (signing on behalf of the
                                    Registrant and as
                                    principal financial
                                    officer)