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| x                                                            | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF      1934  |
|--------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|
|                                                         |                                                                                                |
| For      the quarterly period ended September 30, 2009  |
| or                                                           |
|                                                         |                                                                                                |
| o                                                            | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF      1934 |

| Delaware                                                                |   | 22-3437351                                |
|-------------------------------------------------------------------------|--------|-------------------------------------------|
| (State      or Other Jurisdiction ofIncorporation      or Organization) |   | (I.R.S.      Employer Identification No.) |

| 1314      King Street, Wilmington, DE         |   | 19801           |
|-----------------------------------------------|--------|-----------------|
| (Address      of Principal Executive Offices) |   | (Zip      Code) |

|   | (302)      888-7444                                             |   |
|--------|-----------------------------------------------------------------|--------|
|   | (Registrant’s      Telephone Number, Including Area Code) |   |

|   | Not      Applicable                                                                          |   |
|--------|----------------------------------------------------------------------------------------------|--------|
|   | (Former      name, former address and former fiscal year, if changed since last      report) |   |

| Large      accelerated filer  o | Accelerated      filer  o | Non-accelerated      filer  o           | Smaller      reporting company  x |
|-------------------------------------------|-------------------------------------|---------------------------------------------------|---------------------------------------------|
|                                      |                                | (Do      not check if a smaller reportingcompany) |

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AB

| PART      I.  | FINANCIAL      INFORMATION | Page                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|--------------------|----------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|               |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|               | Item 1.                    | Financial      Statements                                                                                                                              | 1 |
|               |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|               | Item 2.                    | Management’s Discussion and Analysis of Financial Condition      and Results of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 10 |
|               |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|               | Item 3.                    | Quantitative and Qualitative Disclosures About Market      Risk                                                                                                                                               | 11 |
|               |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|               | Item 4.                    | Controls and      Procedures                                                                                                                                                         | 11 |
|               |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
| PART      II.      | OTHER      INFORMATION     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|               |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|               | Item 1.                    | Legal      Proceedings                                                                                                                                                               | 12 |
|               |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|               | Item 1A.                   | Risk      Factors                                                                                                                                           | 12 |
|               |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|               | Item 2.                    | Unregistered Sales of Equity Securities and Use of      Proceeds                                                                                                           | 12 |
|               |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|               | Item 3.                    | Defaults Upon Senior      Securities                                                                                                                                  | 12 |
|               |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|               | Item 4.                    | Submission of Matters to a Vote of Security      Holders                                                                                                                        | 12 |
|               |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|               | Item 5.                    | Other Information                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 12 |
|               |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|               | Item 6.                    | Exhibits                                                                                                                                                                             | 13 |
|               |                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
| SIGNATURES         | 14                         |

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| RIDGEWOOD      ELECTRIC POWER TRUST V                                                                                           |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|
| CONDENSED      CONSOLIDATED STATEMENTS OF NET ASSETS                                                                            |   |
| (Liquidation      Basis)                                                                                                        |   |
| (in      thousands)                                                                                                             |   |
|                                                                                                                            |   |
|                                                                                                                            |   | September      30, |   |   | December      31, |   |
|                                                                                                                            |   | 2009 |   |   | 2008 |   |
|                                                                                                                            |   | (unaudited) |   |   |   |   |
| ASSETS                                                                                                                          |   |   |   |   |   |   |
| Current      assets:                                                                                                            |   |   |   |   |   |   |
|      Cash      and cash equivalents                                                                    |   | $ | 6,387 |   |   | $ | 14,734 |   |
|      Unbilled      receivables                                                                         |   |   | - |   |   |   | 466 |   |
|      Due      from affiliates                                                                          |   |   | 475 |   |   |   | 3,148 |   |
|      Deposits                                                                                          |   |   | - |   |   |   | 2,243 |   |
|      Prepaid      expenses and other current assets                                                    |   |   | 66 |   |   |   | 264 |   |
|                  Total      current assets |   |   | 6,928 |   |   |   | 20,855 |   |
| Investments                                                                                                                     |   |   | 5,512 |   |   |   | 5,410 |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |
|                 Total      assets               |   | $ | 12,440 |   |   | $ | 26,265 |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |
| LIABILITIES      AND NET ASSETS                                                                                                 |   |   |   |   |   |   |   |   |
| Current      liabilities:                                                                                                       |   |   |   |   |   |   |   |   |
|       Accounts      payable and accrued expenses                                                  |   | $ | 2,569 |   |   | $ | 4,465 |   |
|       Due      to affiliates                                                                      |   |   | 835 |   |   |   | 184 |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |
| Total      liabilities                                                                                                          |   | $ | 3,404 |   |   | $ | 4,649 |   |
|                                                                                                                            |   |   |   |   |   |   |   |   |
| Net      assets in liquidation                                                                                                  |   | $ | 9,036 |   |   | $ | 21,616 |   |

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| RIDGEWOOD      ELECTRIC POWER TRUST V                                                   |   |
|-----------------------------------------------------------------------------------------|--------|
| CONDENSED      CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS                         |   |
| (Liquidation      Basis)                                                                |   |
| (unaudited,      in thousands, except per share data)                                   |   |
|                                                                                    |   |   |   |
| Net      assets in liquidation, December 31, 2008                                       |   | $ | 21,616 |   |
| Distribution      to shareholders                                                       |   |   | (10,728 | ) |
| Investment      income in unconsolidated entities                                       |   |   | 19 |   |
| Adjustment      to liquidation accruals                                                 |   |   | (86 | ) |
| Other      changes in working capital components, net                                   |   |   | (96 | ) |
| Net      assets in liquidation, March 31, 2009                                          |   |   | 10,725 |   |
|                                                                                    |   |   |   |   |
| Investment      income in unconsolidated entities                                       |   |   | 158 |   |
| Settlement      of litigation                                                           |   |   | (260 | ) |
| Other,      net                                                                         |   |   | (87 | ) |
| Net      assets in liquidation, June 30, 2009                                           |   |   | 10,536 |   |
|                                                                                    |   |   |   |   |
| Investment      loss in unconsolidated entities                                         |   |   | (68 | ) |
| Adjustment      to liquidation accruals                                                 |   |   | (1,432 | ) |
|                                                                                    |   |   |   |   |
| Net      assets in liquidation, September 30, 2009                                      |   | $ | 9,036 |   |
|                                                                                    |   |   |   |   |
| Distributions      per Investor Share during nine months ended September 30,    2009    |   | $ | 11,500 |   |
| Distributions      per Investor Share during three months ended September 30,      2009 |   |   | - |   |

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| RIDGEWOOD      ELECTRIC POWER TRUST V                       |   |
|-------------------------------------------------------------|--------|
| CONDENSED      CONSOLIDATED STATEMENTS OF OPERATIONS        |   |
| (Going      Concern Basis)                                  |   |
| (unaudited,      in thousands, except per share data)       |   |
|                                                        |   |   |   |   |   |   |
|                                                        |   | Nine      Months Ended |   |   | Three      Months Ended |   |
|                                                        |   | September      30, 2008 |   |   | September      30, 2008 |   |
| Operating      expenses:                                    |   |   |   |   |   |   |
| General      and administrative expenses                    |   | $ | 1,505 |   |   | $ | 597 |   |
| Management      fee to Managing Shareholder                 |   |   | 1,749 |   |   |   | 583 |   |
|      Total      operating expenses |   |   | 3,254 |   |   |   | 1,180 |   |
|                                                        |   |   |   |   |   |   |   |   |
| Loss      from operations                                   |   |   | (3,254 | ) |   |   | (1,180 | ) |
|                                                        |   |   |   |   |   |   |   |   |
| Other      income (expense):                                |   |   |   |   |   |   |   |   |
| Equity      in income (loss) of Maine Hydro                 |   |   | 828 |   |   |   | (22 | ) |
| Equity      in income of NEH                                |   |   | 133 |   |   |   | 72 |   |
| Equity      in income (loss) of US Hydro                    |   |   | 96 |   |   |   | (35 | ) |
| Equity      in income of Indeck Maine                       |   |   | 1,560 |   |   |   | 1,036 |   |
| Interest      income, affiliates                            |   |   | 382 |   |   |   | 118 |   |
|     Total      other income, net        |   |   | 2,999 |   |   |   | 1,169 |   |
|                                                        |   |   |   |   |   |   |   |   |
| Net      loss                                               |   | $ | (255 | ) |   | $ | (11 | ) |
|                                                        |   |   |   |   |   |   |   |   |
| Managing      Shareholder - Net loss                        |   | $ | (3 | ) |   | $ | - |   |
| Shareholders      - Net loss                                |   |   | (252 | ) |   |   | (11 | ) |
| Net      loss per Investor Share                            |   |   | (270 | ) |   |   | (12 | ) |
| Distributions      per Investor Share                       |   |   | 1,500 |   |   |   | - |   |

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| RIDGEWOOD      ELECTRIC POWER TRUST V               |   |
|-----------------------------------------------------|--------|
| CONDENSED      CONSOLIDATED STATEMENT OF CASH FLOWS |   |
| (Going      Concern Basis)                          |   |
| (unaudited,      in thousands)                      |   |
|                                                |   |   |   |
|                                                |   | Nine      Months Ended |   |
|                                                |   | September      30, 2008 |   |
| Cash      flows from operating activities:          |   |   |   |
| Net      cash used in operating activities          |   | $ | (4,817 | ) |
|                                                |   |   |   |   |
| Cash      flows from financing activities:          |   |   |   |   |
| Cash      distributions to shareholders             |   |   | (1,400 | ) |
|                                                |   |   |   |   |
| Net      decrease in cash and cash equivalents      |   |   | (6,217 | ) |
| Cash      and cash equivalents, beginning of period |   |   | 6,892 |   |
|                                                |   |   |   |   |
| Cash      and cash equivalents, end of period       |   | $ | 675 |   |

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| Investment      loss in unconsolidated entities1                    |   | $      | (68    | )      |
|---------------------------------------------------------------------|--------|--------|--------|--------|
| Estimated      management fees to be incurred during liquidation2   |   |   | (1,166 | )      |
| Estimated      professional fees to be incurred during liquidation3 |   |   | (165   | )      |
| Other      estimated liquidation costs                              |   |   | (187   | )      |
| Other      changes in working capital components               |   |   | 86     |   |
|                                                                |   |   |   |   |
|                                                                |   | $      | (1,500 | )      |

|                                             |   | Nine      Months Ended September 30, |   |   | Three      Months Ended September 30, |   |
|--------------------------------------------------|--------|--------------------------------------|--------|--------|---------------------------------------|--------|
|                                             |   | 2009                                 |   |   | 2008                                  |   |   | 2009 |   |   | 2008 |   |
|                                             |   |                                 |   |   |                                  |   |   |   |   |   |   |   |
| Revenues                                         |   | $                                    | 2,045  |   |                                  | $      | 4,081 |   |   | $ | 470 |   |   | $ | 907 |   |
|                                             |   |                                 |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Gross      profit (loss)                         |   |                                 | 336    |   |                                  |   | 2,055 |   |   |   | (166 | ) |   |   | 193 |   |
|                                             |   |                                 |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| (Loss)      income from operations               |   |                                 | (462   | )      |                                  |   | 1,656 |   |   |   | (278 | ) |   |   | (43 | ) |
|                                             |   |                                 |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Net      (loss) income                           |   |                                 | (462   | )      |                                  |   | 1,656 |   |   |   | (278 | ) |   |   | (43 | ) |
|                                             |   |                                 |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Trust      share of (loss) income in Maine Hydro |   |                                 | (231   | )      |                                  |   | 828 |   |   |   | (139 | ) |   |   | (22 | ) |

|                              |   | Nine      Months Ended September 30, |   |   | Three      Months Ended September 30, |   |
|-----------------------------------|--------|--------------------------------------|--------|--------|---------------------------------------|--------|
|                              |   | 2009                                 |   |   | 2008                                  |   |   | 2009 |   |   | 2008 |   |
|                              |   |                                 |   |   |                                  |   |   |   |   |   |   |   |
| Revenues                          |   | $                                    | 9,732  |   |                                  | $      | 9,471 |   |   | $ | 3,785 |   |   | $ | 3,930 |   |
|                              |   |                                 |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Gross      profit                 |   |                                 | 3,735  |   |                                  |   | 3,425 |   |   |   | 1,549 |   |   |   | 1,491 |   |
|                              |   |                                 |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Income      from operations       |   |                                 | 1,992  |   |                                  |   | 1,484 |   |   |   | 954 |   |   |   | 819 |   |
|                              |   |                                 |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Net      income                   |   |                                 | 1,547  |   |                                  |   | 944 |   |   |   | 890 |   |   |   | 513 |   |
|                              |   |                                 |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Trust      share of income in NEH |   |                                 | 218    |   |                                  |   | 133 |   |   |   | 126 |   |   |   | 72 |   |

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|                                          |   | Nine      Months Ended September 30, |   |   | Three      Months Ended September 30, |   |
|-----------------------------------------------|--------|--------------------------------------|--------|--------|---------------------------------------|--------|
|                                          |   | 2009                                 |   |   | 2008                                  |   |   | 2009 |   |   | 2008 |   |
|                                          |   |                                 |   |   |                                  |   |   |   |   |   |   |   |
| Revenues                                      |   | $                                    | 2,524  |   |                                  | $      | 3,244 |   |   | $ | 282 |   |   | $ | 643 |   |
|                                          |   |                                 |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Gross      profit (loss)                      |   |                                 | 1,427  |   |                                  |   | 1,249 |   |   |   | (138 | ) |   |   | (35 | ) |
|                                          |   |                                 |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Income      (loss) from operations            |   |                                 | 61     |   |                                  |   | (125 | ) |   |   | (505 | ) |   |   | (591 | ) |
|                                          |   |                                 |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Net      income (loss)                        |   |                                 | 419    |   |                                  |   | 330 |   |   |   | (186 | ) |   |   | (117 | ) |
|                                          |   |                                 |   |   |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Trust      share of income (loss) in US Hydro |   |                                 | 122    |   |                                  |   | 96 |   |   |   | (55 | ) |   |   | (35 | ) |

|                                       |   | Nine      Months Ended  |   |   | Three      Months Ended |   |
|--------------------------------------------|--------|-------------------------|--------|--------|-------------------------|--------|
|                                       |   | September      30, 2008 |   |   | September      30, 2008 |   |
|                                       |   |                    |   |   |                    |   |
| Revenues                                   |   | $                       | 32,094 |   |                    | $      | 10,929 |   |
|                                       |   |                    |   |   |                    |   |   |   |
| Gross      profit                          |   |                    | 5,294  |   |                    |   | 2,635 |   |
|                                       |   |                    |   |   |                    |   |   |   |
| Income      from operations                |   |                    | 4,683  |   |                    |   | 2,608 |   |
|                                       |   |                    |   |   |                    |   |   |   |
| Net      income                            |   |                    | 3,554  |   |                    |   | 2,222 |   |
|                                       |   |                    |   |   |                    |   |   |   |
| Trust      share of income in Indeck Maine |   |                    | 1,560  |   |                    |   | 1,036 |   |

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|                                |   | Due      From      |   |   | Due      To       |   |
|-------------------------------------|--------|--------------------|--------|--------|-------------------|--------|
|                                |   | September      30, |   |   | December      31, |   |   | September      30, |   |   | December      31, |   |
|                                |   | 2009               |   |   | 2008              |   |   | 2009 |   |   | 2008 |   |
|                                |   |               |   |   |              |   |   |   |   |   |   |   |
| Ridgewood      Power Management LLC |   | $                  | -      |   |              | $      | - |   |   | $ | 4 |   |   | $ | 25 |   |
| Ridgewood      Renewable Power LLC  |   |               | -      |   |              |   | 43 |   |   |   | 593 |   |   |   | - |   |
| Growth      Fund                    |   |               | -      |   |              |   | - |   |   |   | - |   |   |   | 121 |   |
| Maine      Hydro                    |   |               |   |   |              |   | - |   |   |   | 238 |   |   |   | 38 |   |
| Trust      IV                       |   |               | -      |   |              |   | 2,570 |   |   |   | - |   |   |   | - |   |
| NEH                                 |   |               | 400    |   |              |   | 309 |   |   |   | - |   |   |   | - |   |
| Other      affiliates               |   |               | 75     |   |              |   | 226 |   |   |   | - |   |   |   | - |   |
|                                |   | $                  | 475    |   |              | $      | 3,148 |   |   | $ | 835 |   |   | $ | 184 |   |

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| · | possible      contingent liabilities and risks associated with the dissolution and      liquidation of the Trust, including without limitation, proceeds      received from the disposition of Trust investments and settlement of the      Trust’s liabilities and obligations, |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| · | the      outcome of the matters described in Part I, Item 1, Note 7. “Commitments      and Contingencies” of this report,                                                                                                                                                       |
| · | changes      in political or economic conditions, federal or state regulatory      structures, cost of installing fish passage at Maine Hydro facilities      including costs associated with the endangered species      regulations,                                                      |
| · | government      mandates,                                                                                                                                                                                                                                                                   |
| · | the      ability of customers to pay for energy received,                                                                                                                                                                                                                                   |
| · | operational      status of generating plants, including mechanical    breakdowns,                                                                                                                                                                                                           |
| · | costs      incurred in connection with carrying out the plan of liquidation and      dissolution of the Trust, and                                                                                                                                                                          |
| · | the actual timing of      the completion of the liquidation process, including the timing or terms      of any sale of Trust’s assets, and the amount and timing of any      liquidating distributions.                                                                               |

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| Estimated management fees to be      incurred during liquidation1 |   | $      | (1,166 | )      |
|-------------------------------------------------------------------|--------|--------|--------|--------|
| Other estimated liquidation      costs2                           |   |   | (352   | )      |
| Other      changes in working capital components             |   |   | 86     |   |
|                                                              |   |   |   |   |
|                                                              |   | $      | (1,432 | )      |

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| Exhibit No. |   | Description                                                                                                                                                                                                                                                                              |
|-------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|        |   |                                                                                                                                                                                                                                                                                     |
| 10.1        | *      | Amendment      to Senior Executive Bonus Plan.                                                                                                                                                                                                                                           |
|        |   |                                                                                                                                                                                                                                                                                     |
| 31.1        | *      | Certification      of Randall D. Holmes, Chief Executive Officer of the Registrant, pursuant      to Securities Exchange Act Rule 13a-14(a).                                                                                                                                             |
|        |   |                                                                                                                                                                                                                                                                                     |
| 31.2        | *      | Certification      of Jeffrey H. Strasberg, Chief Financial Officer of the Registrant,      pursuant to Securities Exchange Act Rule 13a-14(a).                                                                                                                                          |
|        |   |                                                                                                                                                                                                                                                                                     |
| 32          | *      | Certifications      pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of      The Sarbanes-Oxley Act of 2002, signed by Randall D. Holmes, Chief      Executive Officer of the Registrant, and Jeffrey H. Strasberg, Chief      Financial Officer of theRegistrant. |

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IG

|                         | RIDGEWOOD ELECTRIC      POWER TRUST V |                                       |
|------------------------------|--------------------------------------------|--------------------------------------------|
|                         |                                       |                                       |   |
|                         |                                       |                                       |   |
| Date:      November 10, 2009 | By:                                        | /s/       Randall D. Holmes           |   |
|                         |                                       | Randall      D. Holmes                     |   |
|                         |                                       | President      and Chief Executive Officer |   |
|                         |                                       | (Principal      Executive Officer)         |   |

|                         |   |                                                      |   |
|------------------------------|--------|-----------------------------------------------------------|--------|
| Date:      November 10, 2009 | By:    | /s/       Jeffrey H. Strasberg                       |   |
|                         |   | Jeffrey      H. Strasberg                                 |   |
|                         |   | Executive      Vice President and Chief Financial Officer |   |
|                         |   | (Principal      Financial and Accounting Officer)         |   |

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