FORM 10-Q

                 SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

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

               For the quarterly period ended March 31,2002

                      Commission file Number 0-25430


                   RIDGEWOOD ELECTRIC POWER TRUST IV
           (Exact name of registrant as specified in its charter.)

         Delaware                                          22-3324608
       ----------                                       ----------------
      (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 IV

                           Consolidated Financial Statements

                                    March 31, 2002


<PAGE>


Ridgewood Electric Power Trust IV
Consolidated Balance Sheets (unaudited)
-------------------------------------------------------------------------------
                                                     March 31,     December 31,
                                                       2002            2001
                                                   ------------    ------------
Assets:
Cash and cash equivalents ......................   $    642,208    $  1,050,638
Accounts receivable, trade .....................        647,570         624,752
Due from affiliates ............................        565,604         250,000
Other assets ...................................         52,824          53,661
                                                   ------------    ------------
                Total current assets ...........      1,908,206       1,979,051

Investments:
Maine Hydro Projects ...........................      4,897,258       4,879,015
Maine Biomass Projects .........................      4,775,106       4,830,991

Plant and equipment ............................     16,922,174      16,890,129
Accumulated depreciation .......................     (4,984,617)     (4,773,988)
                                                   ------------    ------------
                                                     11,937,557      12,116,141
                                                   ------------    ------------

Electric power sales contract ..................      8,338,040       8,338,040
Accumulated amortization .......................     (3,308,639)     (3,169,688)
                                                   ------------    ------------
                                                      5,029,401       5,168,352
                                                   ------------    ------------

Spare parts inventory ..........................        670,769         670,769
Debt reserve fund ..............................        740,456         738,226
                                                   ------------    ------------

        Total assets ...........................   $ 29,958,753    $ 30,382,545
                                                   ------------    ------------

Liabilities and Shareholders' Equity:
Liabilities:
Current maturities of long-term debt ...........   $  1,689,099    $    868,098
Accounts payable and accrued expenses ..........        307,772         383,503
Due to affiliates ..............................        471,906       1,015,131
                                                   ------------    ------------
       Total current liabilities ...............      2,468,777       2,266,732

Long-term debt, less current portion ...........      1,592,117       1,822,425
Minority interest in the Providence Project ....      5,483,462       5,477,894

Commitments and contingencies

Shareholders' Equity:
Shareholders' equity (476.8875 investor
 shares issued and outstanding) ................     20,615,320      21,012,406
Managing shareholder's accumulated deficit
 (1 management share issued and outstanding) ...       (200,923)       (196,912)
                                                   ------------    ------------
      Total shareholders' equity ...............     20,414,397      20,815,494
                                                   ------------    ------------

      Total liabilities and shareholders' equity   $ 29,958,753    $ 30,382,545
                                                   ------------    ------------


    See accompanying notes to consolidated financial statements.


<PAGE>



Ridgewood Electric Power Trust IV
Consolidated Statements of Operations (unaudited)
---------------------------------------------------------------------------

                                                      Three Months Ended
                                                --------------------------
                                                  March 31,     March 31,
                                                    2002           2001
                                                -----------    -----------

Net sales ...................................   $ 1,840,674    $ 1,815,188
Sublease income .............................       136,749        136,749
                                                -----------    -----------
               Total revenue ................     1,977,423      1,951,937

Cost of sales, including depreciation
 and amortization of $349,580 and $366,749
  in 2002 and 2001 ..........................     1,704,984      1,471,187
                                                -----------    -----------

Gross profit ................................       272,439        480,750

General and administrative expenses .........       207,945        167,195
 Management fee .............................       156,116        248,725
                                                -----------    -----------
               Total other operating expenses       364,061        415,920
                                                -----------    -----------

Income (loss) from operations ...............       (91,622)        64,830
                                                -----------    -----------

Other income (expense):
      Interest income .......................         8,152         27,094
      Interest expense ......................       (66,408)       (81,993)
      Other income, net .....................       116,991           --
      Income from Maine Hydro Projects ......        18,243         19,120
      Loss from Maine Biomass Projects ......      (380,885)      (222,590)
                                                -----------    -----------

               Net other income .............      (303,907)      (258,369)
                                                -----------    -----------

Loss before minority interest ...............      (395,529)      (193,539)

Minority interest in the earnings of the
      Providence Project ....................        (5,568)      (130,378)
                                                -----------    -----------

Net loss ....................................   $  (401,097)   $  (323,917)
                                                -----------    -----------















     See accompanying notes to the consolidated financial statements.


<PAGE>



Ridgewood Electric Power Trust IV
Consolidated Statements of Changes in Shareholders' Equity (unaudited)
-----------------------------------------------------------------------------


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


Shareholders' equity,
 December 31, 2001 ....   $ 21,012,406    $   (196,912)   $ 20,815,494

Net loss for the period       (397,086)         (4,011)       (401,097)
                          ------------    ------------    ------------

Shareholders' equity,
 March 31, 2002 .......   $ 20,615,320    $   (200,923)   $ 20,414,397
                          ------------    ------------    ------------



































     See accompanying notes to consolidated financial statements.


<PAGE>



Ridgewood Electric Power Trust IV
Consolidated Statements of Cash Flows (unaudited)
--------------------------------------------------------------------------------

                                                         Three Months Ended
                                                     --------------------------
                                                       March 31,      March 31,
                                                         2002           2001
                                                     -----------    -----------
Cash flows from operating activities:
     Net loss ....................................   $  (401,097)   $  (323,917)
                                                     -----------    -----------
     Adjustments to reconcile net loss to net
      cash flows from operating activities:
      Depreciation and amortization ..............       349,580        366,749
      Minority interest in earnings of the
       Providence Project ........................         5,568        130,378
      Income from unconsolidated Maine Hydro
       Projects ..................................       (18,243)       (19,120)
      Loss from unconsolidated Maine Biomass
       Projects ..................................       380,885        222,590
      Changes in assets and liabilities:
         Increase in accounts receivable, trade ..       (22,818)      (491,477)
         Decrease (increase) in other assets .....           837        (15,351)
         (Decrease) increase in accounts payable
           and accrued expenses ..................       (75,731)         2,713
         Increase in due to/from affiliates,net ..      (858,829)       (99,998)
                                                     -----------    -----------
                  Total adjustments ..............      (239,249)        96,484
                                                     -----------    -----------
         Net cash used in operating activities ...      (639,848)      (227,433)
                                                     -----------    -----------

Cash flows from investing activities:
     Capital expenditures ........................       (32,045)        (8,595)
     Investment in Maine Biomass Projects ........      (325,000)          --
                                                     -----------    -----------

         Net cash used in investing activities ...      (357,045)        (8,595)
                                                     -----------    -----------

Cash flows from financing activities:
     Borrowings under line of credit .............       800,000           --
     Payments to reduce long-term debt ...........      (209,307)      (190,220)
     Increase in debt reserve fund ...............        (2,230)        (6,703)
     Distribution to minority interest ...........          --         (181,073)
                                                     -----------    -----------
         Net cash provided by (used in)
          financing activities ...................       588,463       (377,996)
                                                     -----------    -----------

Net decrease in cash and cash equivalents ........      (408,430)      (614,024)

Cash and cash equivalents, beginning of period ...     1,050,638      1,656,861
                                                     -----------    -----------

Cash and cash equivalents, end of period .........   $   642,208    $ 1,042,837
                                                     -----------    -----------






       See accompanying notes to consolidated financial statements.


<PAGE>



Ridgewood Electric Power Trust IV
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 IV's consolidated
financial statements included in the 2001 Annual Report on Form 10-K, which
should be read in conjunction with these consolidated 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.       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:

                    Three Months Ended
                         March 31,
                      2002       2001
                    --------   --------
Revenue .........   $790,000   $812,000
Operating expense    754,000    774,000
Net income ......     36,000     38,000

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

                    Three Months Ended
                         March 31,
                    2002           2001
                -----------    -----------
Revenue .....   $ 1,766,000    $   538,000
Cost of sales     2,289,000        733,000
Other expense       239,000        250,000
Net loss ....      (762,000)      (445,000)

3. Long-Term Debt

During the fourth quarter of 1997, the Trust and its principal bank executed a
revolving line of credit agreement, whereby the bank will provide a three year
committed line of credit facility of $1,070,000 for borrowings or letters of
credit. The credit facility was extended until July 31, 2002. At March 31, 2002
the Trust had outstanding borrowings of $800,000, which bears interest at the
bank's prime rate or, at the Trust's choice, at LIBOR plus 2.5% (4.342% and
4.376% at March 31, 2002 and December 31, 2001, respectively). The credit
agreement will require 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.

4. Related Party Transactions

At March 31, 2002 and December 31, 2001, the Trust had outstanding payables and
receivables, with the following affiliates:


                              Due To                 Due From
                       --------------------  ---------------------

                       March 31, December 31, March 31, December 31,
                         2002       2001       2002       2001
                       --------   --------   --------   --------
Ridgewood Management   $190,453   $201,269   $   --     $   --
Trust III ..........    134,715    384,105       --         --
Trust V ............    135,667    135,667       --         --
Maine Hydro ........       --      270,006     69,994       --
Maine Biomass ......       --         --      495,000    250,000
Other affiliates ...     11,071     24,084        610       --

From time to time, the Trust records short-term payables and receivables from
other affiliates in the ordinary course of business. The amounts payable and
receivable with the other affiliates do not bear interest.




<PAGE>


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

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

Introduction

The consolidated  financial statements include the accounts of the Trust and the
limited  partnerships  owning the Providence  Project and the California Pumping
project.  The Trust uses the equity method of accounting for its  investments in
the Maine Hydro Projects and the Maine Biomass Projects,  which are owned 50% or
less by the Trust.

Results of Operations

Total revenue for the first quarter of 2002 was consistent with the first
quarter of 2001. Cost of sales increased from $1,471,000 in the first quarter of
2001 to $1,705,000 in the same period in 2002 as a result of higher engine
maintenance costs at the Providence Project.

General and administrative expenses increased $41,000 in the first quarter of
2002 to $208,000. The increase is a result of higher administrative costs at the
Providence Project. The management fee decreased from $249,000 in the first
quarter of 2001 to $156,000 in the same period in 2002 as a result of the
Trust's lower net asset balance.

Interest income decreased by $19,000 from $27,000 in the first quarter of 2001
to $8,000 in the first quarter of 2002 due to lower average cash balances.
Interest expense was reduced by $16,000 from $82,000 in the first quarter of
2001 to $66,000 in the first quarter of 2002 due to lower borrowings outstanding
at the Providence Project offset by the increase in borrowings under the Trust's
credit line.

Other income increased by $117,000 in the first quarter of 2002 primarily due to
the proceeds received from the liquidation of the Santee River Rubber Company,
which filed for bankruptcy in 2000.

Equity income from the Maine Hydro Projects remained consistent with the first
quarter of 2001.

The equity loss from the Maine Biomass Projects increased from $223,000 in the
first quarter of 2001 to $381,000 in the same period in 2002. The increase in
the equity loss in the Maine Biomass Projects is primarily attributable to lower
capacity revenues in the first quarter of 2002 as compared to the same period in
2001. During the first quarter of 2002, the West Enfield plant was in operation,
while the Jonesboro plant was not. During the first quarter of 2001, both plants
were not in operation. On May 9, 2002, the West Enfield plant and the Jonesboro
plant each filed an "Application for Statement of Qualification" with the
Massachusetts Division of Energy Resources to qualify as new renewable electric
generation facilities under the Massachusetts Renewable Portfolio Standard
Regulations ("RPS"). Pursuant to these regulations, qualified renewable electric
generation facilities produce renewable portfolio standard attributes ("RPS
Attributes") when they generate electricity. RPS Attributes are then sold to and
used by entities that are providing electricity to end-use customers in
Massachusetts. The RPS regulations, and the statute under which they were
promulgated, are intended to spur use and development of new renewable
generation facilities.

If the West Enfield and Jonesboro plants qualify under the RPS, then, pursuant
to the power sales contract, Select Energy will also purchase and pay an
additional amount for the RPS Attributes associated with the electric energy it
purchased from the West Enfield plant. While the agreement with Select Energy is
only for a term of possibly five months, given the market and proposed supply of
renewable resources that can qualify for the RPS Attributes, the Trust believes
that the Maine Biomass Plants will be able to sell their RPS Attributes pursuant
to longer-term contracts. However, no negotiations regarding such contracts have
taken place.

Liquidity and Capital Resources

Obligations of the Trust are generally limited to payment of the management fee
to the Managing Shareholder, scheduled long-term debt payments related to the
Providence Project and payment of certain accounting and legal services to third
parties. The Trust ceased making distributions to shareholders in the second
quarter of 2000.

The Trust expects that its cash flows from operations will be sufficient to fund
its obligations for the next twelve months.

During the fourth quarter of 1997, the Trust and its principal bank executed a
revolving line of credit agreement, whereby the bank will provide a three year
committed line of credit facility of $1,070,000 for borrowings or letters of
credit. The credit facility was extended until July 31, 2002. In the first
quarter of 2002 the Trust borrowed $800,000. Outstanding borrowings, which will
be repaid prior to the expiration of the credit facility, bear interest at the
bank's prime rate or, at the Trust's choice, at LIBOR plus 2.5% (4.342% and
4.376% at March 31, 2002 and December 31, 2001, respectively). The credit
agreement will require 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.


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

None.


<PAGE>


                          SIGNATURES

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




              RIDGEWOOD ELECTRIC POWER TRUST IV
                         Registrant


May 15, 2002                    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)