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 June 30, 2000

                         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

                                  June 30, 2000



<PAGE>


Ridgewood Electric Power Trust V
Consolidated Balance Sheet
--------------------------------------------------------------------------------

                                            June 30, 2000    December 31,
                                                                1999
                                             ------------    ------------
Assets:                                     (unaudited)
Cash and cash equivalents ................   $  4,054,945    $ 14,759,184
Due from affiliates ......................        452,207         675,185
Other current assets .....................        420,318         404,351
                                             ------------    ------------
Total current assets .....................      4,927,470      15,838,720

Investments:
    Maine Hydro Projects .................      5,825,237       5,663,505
    Maine Biomass Projects ...............      5,655,175       5,825,271
    MetaSound Systems ....................        354,721         921,163
    Quantum Conveyor .....................      2,715,857       2,810,410
    Santee River Rubber Project ..........      7,825,414       8,186,456
    Egypt Projects .......................      6,997,961       4,736,093
    Mediterranean Fiber Optic Project/GFG            --         1,497,670
    United Kingdom Landfill Projects .....     16,679,024      16,916,309
    Synergics Hydro ......................      5,182,494            --
                                             ------------    ------------
Total assets .............................   $ 56,163,353    $ 62,395,597
                                             ------------    ------------

Liabilities and shareholders' equity:
Liabilities:
Accounts payable and accrued expenses ....   $     59,074    $    174,857
Due to affiliates ........................           --           449,178
                                             ------------    ------------
Total current liabilities ................         59,074         624,035
                                             ------------    ------------
Minority interest ........................      1,046,220       1,337,769
Commitments and contingencies
Shareholders' equity:
    Shareholders' equity (932.8875
     investor shares issued and
       outstanding) ......................     55,322,444      60,644,421
    Subscription receivable ..............        (23,000)        (23,000)
                                             ------------    ------------
         Shareholders' equity, net .......     55,299,444      60,621,421
    Managing shareholder's accumulated
     deficit (1 management share
       issued and outstanding) ...........       (241,385)       (187,628)
                                             ------------    ------------
Total shareholders' equity ...............     55,058,059      60,433,793
                                             ------------    ------------
Total liabilities and shareholders' equity   $ 56,163,353    $ 62,395,597
                                             ------------    ------------



                 See accompanying notes to financial statements.


<PAGE>



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

                                Six Months Ended          Three Months Ended
                             ----------------------    ------------------------
                                June 30,    June 30,     June 30,    June 30,
                                2000          1999        2000           1999
                             ----------   ----------   -----------   ----------
Revenue:
Interest income ...........  $  322,521   $1,092,329   $   227,305  $   478,303
Income from Maine
 Hydro Projects ...........     661,732      654,661       406,215      117,526
Loss from Maine
 Biomass Projects .........    (170,096)    (410,497)     (100,280)    (242,094)
(Loss) income from
 Santee River Rubber
 Project ..................    (361,042)     129,605      (197,346)     125,571
Loss from Quantum
 Conveyor .................     (94,553)    (129,752)      (96,564)    (119,043)
Loss from MetaSound .......    (566,442)    (427,463)     (184,879)    (178,824)
Income from Egypt Projects       61,612         --         111,052         --
Loss from Mediterranean
 Fiber Optic
 Project/GFG ..............     (49,924)        --            --           --
Income from United
 Kingdom Landfill Projects      819,985         --         428,820         --
Income from Synergics Hydro     125,000         --         125,000         --
                            -----------   ----------   -----------  -----------
Total revenue .............     748,793      908,883       719,323      181,439
                            -----------   ----------   -----------  -----------
Expenses:
Due diligence costs .......        --        101,988          --        101,988
Accounting and legal fees .     152,553       64,869       115,129       44,830
Management fee ............   1,091,245    1,263,522       583,056      662,320
Research and development ..     662,612      350,284       365,235      118,952
Miscellaneous .............      21,516       81,274         9,930       21,660
Writedown of investment
 in Mediterranean
 Fiber Optic Project/GFG ..   1,447,746         --            --            --
                            -----------   ----------   -----------  -----------
Total expenses ............   3,375,672    1,861,937     1,073,350      949,750
                            -----------   ----------   -----------  -----------
Loss from operations ......  (2,626,879)    (953,054)     (354,027)    (768,311)
Minority interest in
 loss of subsidiary .......     291,549      122,421       173,526      124,125
                            -----------   ----------   -----------  -----------
Net loss .................. $(2,335,330)  $ (830,633)  $  (180,501) $  (644,186)
                            -----------   ----------    -----------  ----------






                 See accompanying notes to financial statements.


<PAGE>

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


                                      Subscription  Managing
                         Shareholders  Receivable  Shareholder     Total
                         -----------   ---------    ---------    ------------
Shareholders' equity,
 December 31, 1999 ...   $60,644,421   $ (23,000)   $(187,628)   $ 60,433,793

Cash distributions ...    (1,963,303)       --        (19,831)     (1,983,134)

Cumulative translation
 adjustment ..........    (1,046,697)       --        (10,573)     (1,057,270)

Net loss for the year     (2,311,977)       --        (23,353)     (2,335,330)
                         -----------   ---------    ---------    ------------
Shareholders' equity,
 June 30, 2000 .......   $55,322,444   $ (23,000)    (241,385)   $ 55,058,059
                         -----------   ---------    ---------    ------------





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


                            Six Months Ended              Three Months Ended
                         --------------------------    ----------------------
                            June 30,    June 30,       June 30,      June 30,
                            2000          1999          2000           1999
                         ------------   ---------    -----------    ----------

Net loss .............   $(2,335,330)   $(830,633)   $  (180,501)   $  (644,186)

Cumulative translation
 adjustment ..........    (1,046,697)        --       (1,046,697)          --
                         -----------    ---------    -----------    -----------

Comprehensive loss ...   $(3,382,027)   $(830,633)   $(1,227,198)   $  (644,186)
                         -----------    ---------    -----------    -----------







                 See accompanying notes to financial statements.


<PAGE>


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

                                                  Six Months Ended
                                            ----------------------------
                                           June 30, 2000    June 30, 1999
                                            ------------    ------------
Cash flows from operating activities:
Net loss ................................   $ (2,335,330)   $   (830,633)
                                            ------------    ------------
Adjustments to  reconcile  net
 income to net cash  flows  from
 operating activities:
 Income from Maine Hydro Projects .......       (661,732)       (654,661)
 Loss from Maine Biomass Projects .......        170,096         410,496
 Loss from MetaSound Systems ............        566,442         427,463
 Loss from Quantum Conveyor .............         94,553         129,752
 Loss (income) from Santee River
  Rubber Project ........................        361,042        (129,605)
 Income from Egypt Projects .............        (61,612)           --
 Loss from Mediterranean Fiber
  Optic Project/GFG .....................         49,924            --
 Income from United Kingdom
  Landfill Projects .....................       (819,985)           --
 Income from Synergics Hydro ............       (125,000)           --
 Writedown of investment in
  Mediterranean Fiber Optic
  Project/GFG ...........................      1,447,746            --
 Minority interest in loss
  of consolidated subsidiary ............       (291,549)       (122,421)
 Changes in assets and liabilities:
  Decrease in due from affiliates .......        222,978       1,155,427
  Increase in other current assets ......        (15,967)        (76,074)
  Increase in other assets ..............           --           (46,218)
  Decrease in accounts payable and
   accrued expenses .....................       (115,783)        (18,572)
  Decrease in due to affiliates .........       (449,178)       (374,450)
                                            ------------    ------------
Total adjustments .......................        371,975         701,137
                                            ------------    ------------
Net cash used in operating activities ...     (1,963,355)       (129,496)
                                            ------------    ------------
Cash flows from investing activities:
Loans to Maine Biomass Projects .........           --          (225,000)
Investment in UK Landfill Projects ......           --       (16,104,987)
Investment in MetaSound Systems .........           --           (53,412)
Investment in Quantum Conveyor ..........           --            (7,784)
Investments in Egypt Projects ...........     (2,200,256)           --
Investments in Synergics Hydro ..........     (5,057,494)           --
Distributions from Maine Hydro Projects .        500,000         540,007
Distributions from Santee River
 Rubber Project .........................           --           373,089
Deferred due diligence costs ............           --          (797,611)
                                            ------------    ------------
Net cash used in investing activities ...     (6,757,750)    (16,275,698)
                                            ------------    ------------
Cash flows from financing activities:
Proceeds from shareholders' contributions           --           128,250
Selling commissions and offering
 costs paid .............................           --           (12,150)
Cash distributions to shareholders ......     (1,983,134)     (1,967,295)
                                            ------------    ------------
Net cash used in financing activities ...     (1,983,134)     (1,851,195)
                                            ------------    ------------
Net decrease in cash and cash equivalents    (10,704,239)    (18,256,389)
Cash and cash equivalents, beginning
 of year ................................     14,759,184      42,832,241
                                            ------------    ------------
Cash and cash equivalents, end of period    $  4,054,945    $ 24,575,852
                                            ------------    ------------

                 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 presentation of the results for the interim
periods. Additional footnote disclosure concerning accounting policies and other
matters are  disclosed  in  Ridgewood  Electric  Power  Trust V's (the  "Trust")
consolidated  financial  statements  included in the 1999 Annual  Report on Form
10-K, which should be read in conjunction with these financial statements.

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. Writedown of investment in Mediterranean Fiber Optic Project/GFG

In September  1999,  the Trust and The Ridgewood  Power Growth Fund (the "Growth
Fund") made a joint  investment  of  $3,000,000  in Global Fiber Group  ("GFG"),
which was in the process of developing  an  underwater  fiber optic cable in the
Western Mediterranean (the "Mediterranean Fiber Optic Project"). The investment,
which was funded  equally by the Growth Fund and the Trust,  provided  for a 25%
ownership  interest in GFG and the right to invest in projects developed by GFG.
In the first quarter of 2000, the Trust  determined  that GFG would probably not
be able to develop the  Mediterranean  Fiber Optic Project or any other project.
As a result,  the Trust  determined  that it would be  unlikely  to recover  its
investment in GFG. As a result,  the Trust recorded a writedown of $1,447,746 in
the first quarter of 2000 to reduce the estimated  fair value of the  investment
to zero.

3.  Synergics, Inc. Acquisition

Beginning in late 1999,  Ridgewood  Power LLC, the Managing  Shareholder  of the
Trust, began negotiations to buy nine existing  hydroelectric  generating plants
from  Synergics,  Inc.  ("Synergics").  In the  course of  negotiations  and due
diligence, Ridgewood Power learned that one of Synergics' lenders had declared a
payment  default  against  Synergics and that the lender had agreed to discharge
the debt at a substantial  discount from the face amount if payment were made by
the end of April 2000.  In order to preserve the benefit of the  lender's  offer
and to allow completion of the acquisition on favorable terms, the Trust and the
Growth Fund, through a joint venture, acquired the debt from the lender on April
28,  2000 for a payment  of $17  million  to the  lender.  The debt  remains  in
default,  but the joint venture is not exercising its remedies against Synergics
or the Synergics subsidiaries pending the proposed acquisition described below.

The joint  venture  intends to acquire the  Synergics  hydroelectric  generation
business  by  forgiving  the $17  million  of  outstanding  debt and  paying  an
additional  $1  million to the  shareholders  of  Synergics  and paying up to an
additional $1.7 million of Synergics' tax liabilities  that might be incurred as
a result  of the  sale of its  assets.  In  addition,  if a  project  lease  for
Synergics' Box Canyon,  California  hydroelectric  plant is extended  beyond the
year 2010, the joint venture will pay the Synergics  shareholders  the lesser of
$500,000  or  one-half  of the  agreed  present  value  derived  from the  lease
extension.  The  structuring  and closing of the acquisition is to be determined
after a review of certain  financial,  contractual  and tax  considerations  and
termination of the Hart-Scott-Rodino Act antitrust waiting period.

Until the acquisition closes, Synergics has agreed to retain all working capital
for the account of the joint  venture and to allow the joint  venture to approve
all operational  decisions and  expenditures.  Synergics is cooperating  closely
with the joint venture in making operational  decisions.  However,  although the
joint  venture  currently   intends  to  acquire  the  Synergics   hydroelectric
generation  business as promptly as possible,  neither the joint venture nor the
Trust and the  Growth  Fund are  obligated  to acquire  Synergics  or any of its
assets. Wayne L. Rogers, the president of Synergics, agreed to vote the stock of
Synergics,  Inc.  beneficially  owned by him  (approximately  69% of the  voting
stock) in favor of a merger or other  corporate  reorganization  as specified by
the Trust and the  Growth  Fund that  materially  complies  with the  provisions
outlined above.

Although the joint venture now owns $17 million of the senior debt of Synergics,
there is  approximately  $11.725  million of debt owed to Fleet Bank,  N.A.  The
Trust and the Growth  Fund are in  discussions  with Fleet Bank  concerning  the
assumption of the Fleet debt in connection with the acquisition.

The Trust  supplied  $5  million  of the  capital  used by the joint  venture to
acquire the debt and the Growth Fund  supplied the  remaining  $12 million.  Any
additional  capital  needed for the  acquisition  will be  supplied to the joint
venture by the  Growth  Fund.  The Trust and the Growth  Fund will own the joint
venture in  proportion  to the  capital  each  supplies  and  neither  will have
preferred rights over the other.

Until  the  joint  venture  acquires  the  hydroelectric   generation  business,
Synergics and the joint venture have agreed that the debt of Synergics will bear
interest  equal  to  the  lesser  of  15% or the  cash  flows  generated  by the
hydroelectric  generation business.  For the two months ended June 30, 2000, the
Trust recorded $125,000 of income related to the debt of Synergics.

4.       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:

                                Six Months Ended June 30,
                                   2000         1999
                                   ----         ----
Total revenue ...............   $2,855,000   $2,861,000
Depreciation and amortization      561,000      551,000
Net income ..................    1,323,000    1,309,000

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

                                  Six Months Ended June 30,
                                     2000          1999
                                     ----          ----
Total revenue ...............   $ 1,312,000    $   575,000
Depreciation and amortization       118,000         90,000
Net loss ....................      (340,000)      (821,000)

Summary  results of  operations  for the Santee River Rubber  Project,  which is
accounted for under the equity method, were as follows:

                                Six Months Ended June 30,
                                    2000             1999
                                    ----             ----
Total revenue ...............   $   601,000           --
Depreciation and amortization          --             --
Net loss ....................    (2,166,000)      (668,000)


Summary  results of  operations  for MetaSound  Systems,  which is accounted for
under the equity method, were as follows:

                     Six Months Ended June 30,
                         2000           1999
                        ----           ----
Total revenue ...  $   423,000        456,000
Net loss ........    (2,438,000)    (1,987,000)

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

            Six Months Ended June 30,
                       2000
                       ----
Total revenue ....  $644,000
Net income .......    166,000


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

               Six Months Ended June 30,
                          2000
                         ----
Total revenue ....   $2,825,000
Net income .......      820,000


<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 only the accounts of the Trust and
its majority owned subsidiary,  Ridgewood WaterPure Corporation.  The Trust uses
the equity method of accounting for its investments in the Maine Hydro Projects,
the  Maine  Biomass  Projects,  the  United  Kingdom  Landfill  Projects,  Egypt
Projects,  Mediterranean  Fiber  Optic  Project/GFG,  the  Santee  River  Rubber
Project, Quantum Conveyors and MetaSound Systems, which are owned 50% or less by
the Trust.

Results of Operations

In the second  quarter of 2000,  the Trust had total  revenue  of  $719,000,  an
increase of $538,000  from total revenue of $181,000 in the same period in 1999.
For the first six months of 2000,  the Trust had total  revenue of  $748,000,  a
decrease of $161,000 from total revenue of $909,000 in the same period in 1999.

Interest income declined by $251,000 from $478,000 in the second quarter of 1999
to $227,000 in the second  quarter of 2000 due to lower  average cash  balances.
Interest  income  also  declined by $769,000  from  $1,092,000  in the first six
months of 1999 to $323,000  in the same period of 2000 due to the lower  average
cash balances.

Although equity income from the Maine Hydro Projects for the first six months of
2000 of $662,000 was  comparable to $655,000 in the same period of 1999,  income
in the second  quarter of 2000 of  $406,000  was  substantially  higher than the
second  quarter  1999  income of  $118,000.  The river  flows were higher in the
second quarter of 2000 compared to the prior year but lower in the first quarter
of 2000 compared to the prior year.

The  equity  loss from the  shut-down  Maine  Biomass  Projects  decreased  from
$242,000  in the second  quarter of 1999  ($410,000  for the first six months of
1999) to  $100,000  in the second  quarter of 2000  ($170,000  for the first six
months of 2000) due to higher energy revenues and reduced maintenance costs.

The Trust losses from its equity  interest in the Santee River Rubber Project in
2000  ($361,000  for the first six months and  $197,000  in the second  quarter)
compared to income in 1999  ($130,000  for the first six months and  $126,000 in
the second quarter) because the project was under  construction in 1999, but was
fully staffed and undergoing testing in 2000.

The Trust  recorded  losses  from its equity  interest in  MetaSound  Systems of
$185,000  in the  second  quarter  ($566,000  in the first six  months)  of 2000
compared to $179,000 in the second quarter ($427,000 in the first six months) of
1999.  The  increase  in the  loss is a  result  of the  increased  selling  and
marketing costs incurred by MetaSound.

The Trust  recorded  losses  from its equity  interest in Quantum  Conveyors  of
$97,000 in the second quarter ($95,000 in the first six months) of 2000 compared
to $130,000 in the second  quarter  ($119,000  in the first six months) of 1999.
The decrease in the loss is a result of Quantum  Conveyors'  program of reducing
expenditures due to its poor financial condition.

The Trust  recorded  income of $429,000 and  $820,000 in the second  quarter and
first  six  months  of 2000  respectively,  from  the  United  Kingdom  Landfill
Projects.  The Trust  acquired the projects at the end of the second  quarter of
1999.

The Trust  recorded  income of $111,000  and  $62,000 in the second  quarter and
first six  months of 2000  respectively,  equal to its share of income  from the
Egyptian  Projects.  The first Egyptian  Projects  began  operation in the first
quarter of 2000.

In the second quarter of 2000,  the Trust  recorded  income of $125,000 from its
Synergics,  Inc. investment which was acquired in April 2000. The acquisition of
the Synergics  investment is discussed in Note 3 to the June 30, 2000  financial
statements

As  discussed  in Note 2 to the June 30, 2000  financial  statements,  the Trust
recorded a $1,447,746  writedown of its investment in Mediterranean  Fiber Optic
Project/GFG in the first quarter of 2000.

In the second quarter of 2000, the most  significant  expense was the management
fee of $583,000 ($1,091,000 in the first six months of 2000), which is less than
the $662,000  charged in the second quarter of 1999 ($1,264,000 in the first six
months of 1999).

In the second  quarter  of 2000,  the  Trust's  Ridgewood  WaterPure  subsidiary
incurred  $365,000  ($663,000  in the first six months of 2000) of research  and
development costs related to its water distillation technology, an increase over
the $119,000  incurred in the second  quarter of 1999 ($350,000 in the first six
months of 1999).  The increase in cost reflects the more  intensive  development
programs at WaterPure, which was acquired in December 1998.

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 three year committed line
of credit  facility of $1,150,000.  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. There have been no borrowings under the line
of credit in 2000.

As disclosed in the Trust's  Annual  Report on Form 10-K for the year 1999,  the
Santee  River  Project  did not operate at full  capacity  because of design and
equipment performance problems.  The Project's general contractor,  as required,
began repairs and modifications at its own cost in January 2000, but the Project
has required  additional  capital in order to pay for normal operating costs and
to allow the contractor to finish pre-operating testing.

In late  May  2000,  Environmental  Processing  Services,  Inc.,  the  Project's
developer,  informed the Trust that the Project  needed  substantial  additional
money to pay for its  operating  expenses  while the repairs were  completed and
during the testing.  Intensive  negotiations  then began  between  Environmental
Processing,  Ridgewood  Power, the Project's  bondholders and potential  outside
funding sources.  While these negotiations  continued,  the Project informed the
Trust on July 30,  2000 that it had run out of money and would be unable to make
payroll. After further discussions,  the bondholders agreed to allow $275,000 to
be drawn from the debt service reserves for operating expenses and the Trust and
Ridgewood  Electric Power Trust IV advanced $183,000 and $92,000,  respectively,
for that purpose.  The Project is operating on an irregular  schedule because of
raw  material  and  operating   cost  delays,   but  it  is  possible  that  the
pre-operating  test will be completed  during the week of August 14,  2000.  The
Project  may  or  may  not  then  shut  down  for  an  indefinite  period  while
negotiations for further financing  continue.  Although Ridgewood Power has been
informally  advised  that the Project has obtained an extension of a payment due
date on its bonds, the Project may enter  bankruptcy or insolvency  proceedings.
Ridgewood Power,  the Project's  bondholders,  outside  financing and management
sources and principals of Environmental Processing continue to discuss potential
financing  alternatives.  Any new financing from sources other than the Trust or
the results of a bankruptcy reorganization might dilute, subordinate or possibly
eliminate the Trust's equity interest.  As of the date of this Quarterly Report,
the Trust  believes  that the  Project  can be  refinanced  on a basis that will
eventually allow the Trust to make a profit on the investment.

Other  than  investments  of  available  cash  in  power  generation   Projects,
obligations of the Trust are generally  limited to payment of Project  operating
expenses, payment of a management fee to the Managing Shareholder,  payments for
certain  accounting  and legal  services to third persons and  distributions  to
shareholders  of  available   operating  cash  flow  generated  by  the  Trust's
investments.  The Trust's  policy is to distribute as much cash as is prudent to
shareholders.  Accordingly,  the Trust has not  found it  necessary  to retain a
material amount of working  capital.  The amount of working capital  retained is
further reduced by the availability of the line of credit facility.

The  Trust  anticipates  that,  during  2000,  its cash  flow  from  operations,
unexpended offering proceeds and the line of credit facility 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

On June 2,  2000,  Indeck  Maine  Energy  LLC,  the owner of the  Maine  Biomass
Projects,  brought a complaint before the Federal Energy  Regulatory  Commission
(Docket No. EL00-80-000)  requesting FERC to remove bid restrictions  imposed on
Indeck by ISO-New  England,  Inc.,  the operator of the New England  Power Pool.
Those restrictions capped the price that the ISO would pay for Indeck's electric
power output at approximately  $810 per  megawatt-hour,  substantially less than
Indeck's own bids. The complaint also  challenged the ISO's  authority to impose
those  restrictions.  On July 26,  2000 FERC  ordered the ISO "to remove the bid
restrictions  previously  imposed  on  Indeck."  FERC found that the ISO had not
provided  any  evidence to support  its  conclusion  that the Indeck  power bids
materially  affected the markets.  That conclusion was a necessary condition for
imposing the restrictions.

Because of their cost structure,  the Maine Biomass Projects  currently run only
during  power  shortages  in the summer  and  occasionally  at other  times when
transmission  constraints or local problems  require their use. Thus the lifting
of the bid  restrictions  will not  result in revenue  increases  unless a power
shortage or similar  situation  occurs in the future.  The Trust does not expect
any such situation to occur during the rest of the summer,  although the weather
in particular is unpredictable.

The FERC order does not expressly lift the bid restrictions for earlier dates in
2000 and certain  dates in 1999 on which the Projects  sold power to the ISO and
there is some  language in the order that could be read to say that FERC did not
invalidate the prior bid restrictions. The Trust believes that the order clearly
rejected  the reasons  given by the ISO for capping  Indeck's  prices on most of
those dates and also discredited the ISO's decision to impose caps retroactively
for the 1999 dates. The Trust intends to bring additional  complaints at FERC to
clarify the order,  to rescind the price caps for those prior dates on which the
Projects sold power and to recover additional compensation for those sales based
on the prices that Indeck had  submitted.  Until such  proceedings  are resolved
favorably to Indeck or unless a settlement with the ISO results,  the Trust will
receive no additional revenue from the ISO for those prior dates.

In addition,  the ISO has escrowed  approximately $287,000 of Indeck's revenues,
based on the ISO's  assertion  that an  overpayment  was made for a price-capped
event in October 1999.  The Trust  expects to bring an additional  proceeding in
the appropriate forum to recover the escrowed amount and to invalidate the caps.


<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

August 14, 2000                  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)