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| x | QUARTERLY REPORT PURSUANT TO      SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|----------------------------------------------------------------------------------------------------|

| o | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
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| Delaware                                                                |   | 22-3206429                                |
|-------------------------------------------------------------------------|--------|-------------------------------------------|
| (State      of Other Jurisdictionof      Incorporation or Organization) |   | (I.R.S.      Employer Identification No.) |

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

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

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

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|       | FORM      10-Q                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |
|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
|       | TABLE OF CONTENTS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
| PART I.    | FINANCIAL INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | Page   |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
| Item 1.    | Financial      Statements                                                                                                                                                                                              |   | 1      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
| Item 2.    | Management’s Discussion and Analysis of Financial Condition and      Results of Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | 6      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
| Item 3.    | Quantitative and Qualitative Disclosures About Market      Risk                                                                                                                                                        |   | 7      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
| Item 4.    | Controls and      Procedures                                                                                                                                                                                                |   | 7      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
| PART II.   | OTHER INFORMATION                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
| Item 1.    | Legal      Proceedings                                                                                                                                                                                                      |   | 8      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
| Item 1A.   | Risk      Factors                                                                                                                                                                                                 |   | 8      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
| Item 2.    | Unregistered Sales of Equity Securities and Use of      Proceeds                                                                                                                                        |   | 8      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
| Item 3.    | Defaults Upon Senior      Securities                                                                                                                                                                    |   | 8      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
| Item 4.    | Submission of Matters to a Vote of Security      Holders                                                                                                                                                                                                                                                                                                                                                                  |   | 8      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
| Item 5.    | Other      Information                                                                                                                                                                                  |   | 8      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
| Item 6.    | Exhibits                                                                                                                                                                                                |   | 9      |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |
| SIGNATURES |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | 10     |

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| RIDGEWOOD      ELECTRIC POWER TRUST II                                                                      |   |
|-------------------------------------------------------------------------------------------------------------|--------|
| CONDENSED      CONSOLIDATED BALANCE SHEETS                                                                  |   |
| (in      thousands, except share data)                                                                      |   |
|                                                                                                        |   |   |   |   |   |   |
|                                                                                                        |   | June      30, |   |   | December      31, |   |
|                                                                                                        |   | 2008 |   |   | 2007 |   |
|                                                                                                        |   | (unaudited) |   |   |   |   |
| ASSETS                                                                                                      |   |   |   |   |   |   |
| Current      assets:                                                                                        |   |   |   |   |   |   |
|     Cash      and cash equivalents                                                      |   | $ | 4,464 |   |   | $ | 5,250 |   |
|     Due      from affiliates                                                            |   |   | 21 |   |   |   | 5 |   |
|     Other      current assets                                                           |   |   | 30 |   |   |   | 31 |   |
|                                                                                                        |   |   |   |   |   |   |   |   |
|          Total      assets                                     |   | $ | 4,515 |   |   | $ | 5,286 |   |
|                                                                                                        |   |   |   |   |   |   |   |   |
| LIABILITIES      AND SHAREHOLDERS' EQUITY                                                                   |   |   |   |   |   |   |   |   |
| Current      liabilities:                                                                                   |   |   |   |   |   |   |   |   |
|    Accounts      payable and accrued expenses                                                |   | $ | 15 |   |   | $ | 169 |   |
|                                                                                                        |   |   |   |   |   |   |   |   |
| Commitments      and contingencies                                                                          |   |   |   |   |   |   |   |   |
|                                                                                                        |   |   |   |   |   |   |   |   |
| Shareholders’      equity (deficit):                                                                  |   |   |   |   |   |   |   |   |
|    Shareholders’      equity (235.3775 Investor Shares issued and                      |   |   |   |   |   |   |   |   |
| outstanding)                                                                                                |   |   | 4,656 |   |   |   | 5,267 |   |
|    Managing      shareholder’s accumulated deficit                                     |   |   |   |   |   |   |   |   |
|         (1 management share issued and outstanding)                                               |   |   | (156 | ) |   |   | (150 | ) |
|          Total      shareholders’ equity                 |   |   | 4,500 |   |   |   | 5,117 |   |
|                                                                                                        |   |   |   |   |   |   |   |   |
|          Total      liabilities and shareholders’ equity |   | $ | 4,515 |   |   | $ | 5,286 |   |

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| RIDGEWOOD      ELECTRIC POWER TRUST II                |   |
|-------------------------------------------------------|--------|
| CONDENSED      CONSOLIDATED STATEMENTS OF OPERATIONS  |   |
| (unaudited,      in thousands, except per share data) |   |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                  |   | Six      Months Ended June 30, |   |   | Three      Months Ended June 30, |   |
|                                                  |   | 2008 |   |   | 2007 |   |   | 2008 |   |   | 2007 |   |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost      of revenues                                 |   | $ | 141 |   |   | $ | 161 |   |   | $ | 69 |   |   | $ | 69 |   |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross      loss                                       |   |   | (141 | ) |   |   | (161 | ) |   |   | (69 | ) |   |   | (69 | ) |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating      expenses:                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| General      and administrative expenses              |   |   | 515 |   |   |   | 255 |   |   |   | 82 |   |   |   | 151 |   |
| Management      fee to Managing Shareholder           |   |   | 38 |   |   |   | 4 |   |   |   | 19 |   |   |   | 2 |   |
| Total      operating expenses                         |   |   | 553 |   |   |   | 259 |   |   |   | 101 |   |   |   | 153 |   |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss      from operations                             |   |   | (694 | ) |   |   | (420 | ) |   |   | (170 | ) |   |   | (222 | ) |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      income:                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      income                                  |   |   | 51 |   |   |   | - |   |   |   | 17 |   |   |   | - |   |
| Other      income                                     |   |   | 26 |   |   |   | - |   |   |   | 26 |   |   |   | - |   |
| Gain      on sale of investment                       |   |   | - |   |   |   | 334 |   |   |   | - |   |   |   | 167 |   |
| Total      other income                               |   |   | 77 |   |   |   | 334 |   |   |   | 43 |   |   |   | 167 |   |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss                                         |   | $ | (617 | ) |   | $ | (86 | ) |   | $ | (127 | ) |   | $ | (55 | ) |
|                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Managing      Shareholder - Net loss                  |   | $ | (6 | ) |   | $ | (1 | ) |   | $ | (1 | ) |   | $ | - |   |
| Shareholders      - Net loss                          |   |   | (611 | ) |   |   | (85 | ) |   |   | (126 | ) |   |   | (55 | ) |
| Net      loss per Investor Share                      |   |   | (2,595 | ) |   |   | (361 | ) |   |   | (534 | ) |   |   | (234 | ) |

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| RIDGEWOOD      ELECTRIC POWER TRUST II                   |   |
|----------------------------------------------------------|--------|
| CONDENSED      CONSOLIDATED STATEMENTS OF CASH FLOWS     |   |
| (unaudited,      in thousands)                           |   |
|                                                     |   |   |   |   |   |   |
|                                                     |   | Six      Months Ended June 30, |   |
|                                                     |   | 2008 |   |   | 2007 |   |
|                                                     |   |   |   |   |   |   |
| Cash      flows from operating activities:               |   |   |   |   |   |   |
| Net      cash (used in) provided by operating activities |   | $ | (786 | ) |   | $ | 186 |   |
|                                                     |   |   |   |   |   |   |   |   |
| Cash      and cash equivalents, beginning of period      |   |   | 5,250 |   |   |   | 395 |   |
| Cash      and cash equivalents, end of period            |   | $ | 4,464 |   |   | $ | 581 |   |

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| Exhibit      No. |   | Description                                                                                                                                                                                                                                                                         |
|------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 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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|                             | RIDGEWOOD      ELECTRIC POWER TRUST II |                                       |
|----------------------------------|----------------------------------------|--------------------------------------------|
|                             |                                   |                                       |   |
|                             |                                   |                                       |   |
| Date:       August 11, 2008 | By:                                    | /s/       Randall D. Holmes           |   |
|                             |                                   | Randall      D. Holmes                     |   |
|                             |                                   | President      and Chief Executive Officer |   |
|                             |                                   | (Principal      Executive Officer)         |   |

|                             |   |                                                      |   |
|----------------------------------|--------|-----------------------------------------------------------|--------|
| Date:       August 11, 2008 | By:    | /s/       Jeffrey H. Strasberg                       |   |
|                             |   | Jeffrey      H. Strasberg                                 |   |
|                             |   | Executive      Vice President and Chief Financial Officer |   |
|                             |   | (Principal      Financial and Accounting Officer)         |   |

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