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 September 30, 2003

                         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.)

   1314 King Street, Wilmington, Delaware                19801
   ---------------------------------------------------------------------
   (Address of principal executive offices)           (Zip Code)

    (302) 888-7444 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

                               September 30, 2003


<PAGE>


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

                                                    September 30,   December 31,
                                                         2003            2002
                                                    ------------    ------------
Assets:
Cash and cash equivalents .......................   $    112,262    $     54,637
Accounts receivable, trade ......................      1,320,340       1,268,293
Due from affiliates .............................        340,412         267,586
Insurance claim receivable ......................           --           258,900
Other assets ....................................         93,814          90,285
                                                    ------------    ------------
            Total current assets ................      1,866,828       1,939,701

Investments:
Maine Hydro Projects ............................      4,296,139       4,405,278
Maine Biomass Projects ..........................      4,100,701       3,896,576

Plant and equipment .............................     16,939,368      16,939,368
Accumulated depreciation ........................     (6,271,009)    (5,634,801)
                                                    ------------    ------------
                                                      10,668,359      11,304,567
                                                    ------------    ------------

Electric power sales contract ...................      8,338,040       8,338,040
Accumulated amortization ........................     (4,142,435)    (3,725,557)
                                                    ------------    ------------
                                                       4,195,605       4,612,483
                                                    ------------    ------------

Spare parts inventory ...........................        724,615         724,615
Restricted cash .................................        755,228         749,821
                                                    ------------    ------------

        Total assets ............................   $ 26,607,475    $ 27,633,041
                                                    ------------    ------------

Liabilities and Shareholders' Equity:
Liabilities:
Current maturities of long-term debt ............   $  1,024,623    $    955,202
Accounts payable and accrued expenses ...........        536,945         346,389
Due to affiliates ...............................      1,313,448         787,492
                                                    ------------    ------------
       Total current liabilities ................      2,875,016       2,089,083

Long-term debt, less current portion ............         90,030         867,223
Minority interest in the Providence Project .....      5,610,811       5,717,184

Commitments and contingencies

Shareholders' Equity:
Shareholders' equity (476.8875 investor
 shares issued and outstanding) .................     18,256,368      19,175,022
Managing shareholder's accumulated deficit
 (1 management share issued and outstanding) ....       (224,750)      (215,471)
                                                    ------------    ------------
       Total shareholders' equity ...............     18,031,618      18,959,551
                                                    ------------    ------------

       Total liabilities and shareholders' equity   $ 26,607,475    $ 27,633,041
                                                    ------------    ------------

        See accompanying notes to consolidated financial statements.


<PAGE>



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

                            Nine Months Ended           Three Months Ended
                      ----------------------------  ----------------------------
                      September 30,   September 30, September 30,  September 30,
                           2003          2002            2003           2002
                       -----------    -----------    -----------    ------------

Net sales ..........   $ 6,119,549    $ 5,561,777    $ 1,965,339    $ 1,904,343
Sublease income ....       415,323        410,247        138,441        136,749
                       -----------    -----------    -----------    -----------
  Total revenues ...     6,534,872      5,972,024      2,103,780      2,041,092

Cost of sales ......     4,820,724      4,814,839      1,614,867      1,578,063
                       -----------    -----------    -----------    -----------

Gross profit .......     1,714,148      1,157,185        488,913        463,029

General and
 administrative
 expenses ..........       659,600        682,003        280,411        237,272
Management fee .....       426,590        468,351        142,197        156,119
                       -----------    -----------    -----------    -----------
   Total other
    operating
    expenses .......     1,086,190      1,150,354        422,608        393,391
                       -----------    -----------    -----------    -----------

Income from
 operations ........       627,958          6,831         66,305         69,638
                       -----------    -----------    -----------    -----------

Other income
 (expense):
  Interest income ..         8,001         13,157          3,283          4,202
  Interest expense .      (108,865)      (181,009)       (30,627)       (56,758)
  Other income
   (expense), net ..       155,581        191,741        161,010         (6,345)
  Income (loss)
   from Maine
    Hydro Projects .      (109,139)        43,723       (319,515)      (354,607)
  Income (loss) from
   Maine Biomass
   Projects ........       (95,875)      (324,274)      (343,037)       587,538
                       -----------    -----------    -----------    -----------
    Net other
     income (loss) .      (150,297)      (256,662)      (528,886)       174,030
                       -----------    -----------    -----------    -----------

Income (loss) before
 minority interest .       477,661       (249,831)      (462,581)       243,668

Minority interest in
 the earnings of the
 Providence Project       (442,362)       (85,735)      (147,880)       (41,235)
                       -----------    -----------    -----------    -----------

Net income (loss) ..   $    35,299    $  (335,566)   $  (610,461)   $   202,433
                       -----------    -----------    -----------    -----------








      See accompanying notes to the consolidated financial statements.


<PAGE>



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


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

Shareholders' equity,
 December 31, 2002 ......   $ 19,175,022    $   (215,471)   $ 18,959,551

Cash distributions ......       (953,600)         (9,632)       (963,232)

Net income for the period         34,946             353          35,299
                            ------------    ------------    ------------

Shareholders' equity,
 September 30, 2003 .....   $ 18,256,368    $   (224,750)   $ 18,031,618
                            ------------    ------------    ------------






















    See accompanying notes to consolidated financial statements.


<PAGE>



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


                                                      Nine Months Ended
                                                 ---------------------------
                                                 September 30, September 30,
                                                     2003           2002
                                                 -----------   -----------
Cash flows from operating activities:
     Net income (loss) .......................   $    35,299    $  (335,566)
                                                 -----------    -----------
     Adjustments to reconcile net income
      (loss)to net cash flows from
       operating activities:
         Depreciation and amortization .......     1,053,086      1,059,436
         Minority interest in earnings of
          the Providence Project .............       442,362         85,735
         Loss (income) from Maine Hydro
          Projects ...........................       109,139        (43,723)
         Loss from Maine Biomass Projects ....        95,875        324,274
         Changes in assets and liabilities:
           Increase in accounts receivable,
            trade ............................       (52,047)      (632,485)
           Increase in due from affiliates ...       (72,826)      (593,228)
           Decrease in insurance claim
            receivable .......................       258,900           --
           Increase in other assets ..........        (3,529)       (35,580)
           Increase in accounts payable and
            accrued expenses .................       190,556        186,039
           Increase (decrease) in due to
            affiliates .......................       525,956        (37,919)
                                                 -----------    -----------
               Total adjustments .............     2,547,472        312,549
                                                 -----------    -----------
         Net cash provided by (used in)
          operating activities ...............     2,582,771        (23,017)
                                                 -----------    -----------

Cash flows from investing activities:
     Investment in Maine Biomass Projects ....      (300,000)      (325,000)
     Capital expenditures ....................          --          (44,239)
                                                 -----------    -----------
         Net cash used in investing activities      (300,000)      (369,239)
                                                 -----------    -----------

Cash flows from financing activities:
     Payments to reduce long-term debt .......      (707,772)      (643,230)
     Increase in debt reserve fund ...........        (5,407)        (8,320)
     Cash distributions to minority interest .      (548,735)          --
     Cash distributions to shareholders ......      (963,232)          --
                                                 -----------    -----------
         Net cash used in financing activities    (2,225,146)      (651,550)
                                                 -----------    -----------

Net increase (decrease) in cash
 and cash equivalents ........................        57,625     (1,043,806)

Cash and cash equivalents, beginning of year .        54,637      1,050,638
                                                 -----------    -----------
Cash and cash equivalents, end of period .....   $   112,262    $     6,832
                                                 -----------    -----------






    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 (the  "Trust")
consolidated  financial  statements  included in the 2002 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.

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% by
the Trust.

2.  Summary Results of Operations for Selected Investments

Summarized  financial  information  for the  Maine  Hydro  Projects,  which  are
accounted for under the equity method, are as follows:

Balance Sheet
                     September 30,  December 31,
                          2003          2002
                     -------------- -----------

Total assets .......   $9,767,466   $9,475,640
                       ----------   ----------

Stockholders' equity   $8,592,277   $8,810,554
                       ----------   ----------


Statement of Operations

                           Nine Months Ended            Three Months Ended
                             September 30,               September 30,
                        2003           2002           2003          2002
                      ---------      ---------    ----------     ----------
Revenue .........   $ 2,305,000    $ 2,538,000   $   171,000    $   154,000
Operating expense     2,523,000      2,451,000       810,000        864,000
Net income (loss)      (218,000)        87,000      (639,000)      (710,000)


Summarized  financial  information  for the Maine  Biomass  Projects,  which are
accounted for under the equity method, are as follows:

Balance Sheet
                   September 30,  December 31,
                       2003           2002
                   -------------  ------------

Total assets ...   $ 4,589,414    $ 4,815,288
                   -----------    -----------

Members' deficit   $(5,963,123)   $(5,771,374)
                   -----------    -----------


Statement of Operations

                Nine Months Ended September 30, Three Months Ended September 30,
                        2003           2002           2003           2002
                        ----           ----           ----           ----
Revenue .........   $ 7,820,000    $ 5,938,000    $ 2,042,000    $ 3,405,000
Cost of sales ...     7,151,000      5,739,000      2,447,000      1,905,000
Other expense ...       861,000        848,000        281,000        325,000
Net income (loss)      (192,000)      (649,000)      (686,000)     1,175,000


3.  Summary of Significant Accounting Policies

New Accounting Standards and Disclosures

SFAS 143
In June  2001,  the FASB  issued  SFAS  143,  Accounting  for  Asset  Retirement
Obligations, on the accounting for obligations associated with the retirement of
long-lived  assets.  SFAS 143  requires  a  liability  to be  recognized  in the
consolidated  financial  statements for retirement  obligations meeting specific
criteria.  Measurement of the initial  obligation is to approximate  fair value,
with  an  equivalent  amount  recorded  as an  increase  in  the  value  of  the
capitalized  asset.  The asset will be  depreciated  in  accordance  with normal
depreciation  policy and the  liability  will be increased for the time value of
money, with a charge to the income  statement,  until the obligation is settled.
SFAS 143 is effective for fiscal years  beginning after June 15, 2002. The Trust
adopted  SFAS 143  effective  January 1, 2003,  with no  material  impact on the
consolidated financial statements.

SFAS 145
In April 2002, the FASB issued SFAS No. 145,  Rescission of FASB  Statements No.
4, 44, and 64,  Amendment of FASB  Statement No. 13, and  Technical  Correction.
SFAS No. 145 eliminates extraordinary accounting treatment for reporting gain or
loss  on  debt   extinguishment,   and  amends  other   existing   authoritative
pronouncements  to make various  technical  corrections,  clarify  meanings,  or
describe their applicability  under changed  conditions.  The Trust adopted SFAS
145  effective  January 1, 2003,  with no  material  impact on the  consolidated
financial statements.

SFAS 146
In June 2002, the FASB issued SFAS No. 146, Accounting for Costs Associated with
Exit or Disposal  Activities.  SFAS No. 146 requires  recording costs associated
with exit or disposal  activities at their fair values when a liability has been
incurred. The Trust adopted SFAS 146 effective January 1, 2003, with no material
impact on the consolidated financial statements.

FIN 45
In  November  2002,  the FASB  issued  FASB  Interpretation  No. 45 ("FIN  45"),
"Guarantor's  Accounting and Disclosure  Requirements for Guarantees,  Including
Indirect  Guarantees  and  Indebtedness  of Others."  FIN 45  elaborates  on the
disclosures  to be made by the  guarantor  in its interim  and annual  financial
statements about its obligations under certain guarantees that it has issued. It
also requires  that a guarantor  recognize,  at the inception of a guarantee,  a
liability  for the fair  value  of the  obligation  undertaken  in  issuing  the
guarantee.   The  initial   recognition  and  measurement   provisions  of  this
interpretation  are  applicable on a prospective  basis to guarantees  issued or
modified  after  December  31,  2002;  while the  provisions  of the  disclosure
requirements are effective for financial statements of interim or annual reports
ending after December 15, 2002.  The Trust adopted the disclosure  provisions of
FIN 45  during  the  fourth  quarter  of 2002  with no  material  impact  to the
consolidated financial statements.

FIN 46
In January 2003, the FASB issued FASB  Interpretation No. 46,  "Consolidation of
Variable  Interest  Entities" ("FIN 46") which changes the criteria by which one
company includes another entity in its consolidated financial statements. FIN 46
requires  a variable  interest  entity to be  consolidated  by a company if that
company is subject to a majority of the risk of loss from the variable  interest
entity's  activities or entitled to receive a majority of the entity's  residual
returns or both. The  consolidation  requirements of FIN 46 apply immediately to
variable  interest  entities  created after  January 31, 2003,  and apply in the
first fiscal period ending after March 15, 2004, for variable  interest entities
created prior to February 1, 2003. The Trust adopted the  disclosure  provisions
of  FIN  46  effective  December  31,  2002,  with  no  material  impact  to the
consolidated financial statements.  The Trust will implement the full provisions
of FIN 46 effective December 15, 2003.

SFAS 149
In April 2003,  the FASB issued SFAS No. 149,  "Amendment  of  Statement  133 on
Derivative  Instruments  and  Hedging  Activities."  SFAS  No.  149  amends  and
clarifies  the  accounting  for  derivative   instruments,   including   certain
derivative  instruments embedded in other contracts,  and for hedging activities
under  SFAS  No.  133,  "Accounting  for  Derivative   Instruments  and  Hedging
Activities."  SFAS No. 149 is generally  effective for contracts entered into or
modified after June 30, 2003 and for hedging relationships designated after June
30, 2003.  The Trust adopted SFAS 149 effective  July 1, 2003,  with no material
impact on the consolidated financial statements.

SFAS 150
In May 2003,  the FASB  issued SFAS No. 150,  Accounting  for Certain  Financial
Instruments with  Characteristics  of both Liabilities and Equity.  SFAS No. 150
establishes   standards  for   classifying  and  measuring   certain   financial
instruments  with  characteristics  of both  liabilities  and equity.  The Trust
adopted  SFAS  150  effective  July 1,  2003,  with no  material  impact  on the
consolidated financial statements.

4. Qualification of the Providence Project

On  January  17,  2003,  the  Providence   Project   received  a  "Statement  of
Qualification"  from the  Massachusetts  Division of Energy  Resources  ("DOER")
pursuant to the renewable  portfolio standards ("RPS") adopted by Massachusetts.
In 1997,  Massachusetts  enacted  the  Electric  Restructuring  Act of 1997 (the
"Restructuring  Act").  Among other things,  the Restructuring Act requires that
all retail electricity suppliers in Massachusetts (i.e. those entities supplying
electric energy to retail end-use customers in Massachusetts) purchase a minimum
percentage of their electricity supplies from qualified new renewable generation
units  powered  by one of several  renewable  fuels,  such as solar,  biomass or
landfill.  Beginning in 2003, each such retail supplier must obtain at least one
(1%) percent of its supply from qualified new renewable  generation  units. Each
year  thereafter,  the requirement  increases  one-half of one percentage  point
until  2009,  when the  requirement  equals  four (4%)  percent  of each  retail
supplier's  sales  in  that  year.  Subsequent  to  2009,  the  increase  in the
percentage requirement will be determined and set by the DOER.

Now that the Providence Project has been qualified as new renewable  generation,
it receives RPS Attributes that it may sell to retail electric suppliers. Retail
electric suppliers may purchase RPS Attributes  associated with renewable energy
and  not  necessarily  the  energy  itself.  Thus,  electrical  energy  and  RPS
Attributes are separable products and need not be sold or purchased as a bundled
product.  Retail electric  suppliers in Massachusetts will then use the purchase
of such RPS Attributes to demonstrate  compliance with the Restructuring Act and
RPS Regulations.

In the first quarter of 2003, the Providence  Project  entered into an agreement
governing the sale of all its RPS Attributes to a retail electric  supplier.  On
February 13, 2003, the  Providence  Project sold and recorded  revenue  totaling
$336,750  for the RPS  Attributes  derived  from the  power  produced  in fourth
quarter of 2002.

5. Related Party Transactions

At September 30, 2003 and December 31, 2002, the Trust had outstanding payables
and receivables, with the following affiliates:

                                     Due To                Due From
                            ------------------------------------------------
                           September 30, December 31, September 30, December 31,
                                2003        2002          2003         2002
                            -------------------------- ------------------------
Ridgewood Power
Management LLC .............. $ 39,042   $242,077       $  --        $  --
Ridgewood Electric Power
Trust III ....................   --         --          243,160      266,895
Ridgewood Power .............. 484,981    324,981           --          --
Maine Hydro .................. 479,683    199,687           --          --
Maine Biomass ................ 298,309       --             --          691
Other affiliates .............  11,433     20,747         97,252        --

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.

6. Financial Information by Business Segment

The Trust's business  segments were determined based on similarities in economic
characteristics  and customer  base.  The Trust's  principal  business  segments
consist of wholesale and retail.

Common  services  shared by the business  segments are allocated on the basis of
identifiable  direct costs,  time records or in proportion to amount invested in
projects managed by Ridgewood Management.

The financial data for business segments are as follows:


                                            Wholesale Power Sales
                                  Nine Months Ended        Three Months Ended
                             -------------------------- ------------------------
                          September 30, September 30, September 30,September 30,
                               2003          2002          2003          2002
                             ---------- ------------  -----------   ------------

Revenue ................... $6,145,624   $5,423,159    $1,935,937   $1,802,168
Depreciation and
amortization ..............  1,006,075    1,018,844       326,625      348,128
Operating income ..........  1,180,537      413,562       280,899      175,650
Capital expenditures ......       --         44,239          --          2,010




                                        Retail Power Sales
                          Nine Months Ended            Three Months Ended
                     ---------------------------   -----------------------------
                     September 30,  September 30,  September 30,   September 30,
                          2003         2002           2003             2002
                     ------------   ------------   -------------   -------------

Revenue ............   $ 389,248     $ 548,865       $ 167,843     $ 238,924
Depreciation and
amortization .......      47,011        40,592          18,561        12,147
Operating income ...      (4,881)      146,947          (8,071)       76,668
Capital expenditures        --            --               --            --



                                               Corporate
                            Nine Months Ended            Three Months Ended
                      ----------------------------  ----------------------------
                      September 30,  September 30,  September 30,  September 30,
                          2003           2002           2003           2002
                      -------------  -------------  -------------  -------------

Revenue ............   $    --       $    --         $    --       $    --
Depreciation and
amortization .......        --            --               --           --
Operating loss .....    (547,698)      (553,678)       (206,523)    (182,680)
Capital expenditures        --            --               --            --


                                                 Total
                             Nine Months Ended           Three Months Ended
                        ---------------------------  ---------------------------
                        September 30, September 30,  September 30, September 30,
                            2003          2002           2003           2002
                         -----------  -----------    ------------   ------------

Revenue ...............   $6,534,872   $5,972,024     $2,103,780    $2,041,092
Depreciation and
amortization ..........    1,053,086    1,059,436        345,186       360,275
Operating income (loss)      627,958        6,831         66,305        69,638
Capital expenditures ..          --        44,239             --         2,010


<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% by
the Trust.

Critical Accounting Policies and Estimates

For a complete discussion of critical accounting policies, refer to "Significant
Accounting Policies" in Item 7 of the Trust's 2002 Form 10-K. There have been no
substantive changes to those policies and estimates.

Results of Operations

Three  Months  Ended  September  30,  2003,  Compared to the Three  Months Ended
September 30, 2002

Total  revenue  for the  third  quarter  of 2003  was  $2,104,000,  compared  to
$2,041,000 for the third quarter of 2002.  The $63,000  increase in revenue is a
result of a $134,000 increase in revenues from the Providence  project partially
offset by a $71,000 decrease in revenues from the California  Pumping  projects.
The decrease in the California Pumping project's revenue is primarily due to the
higher  precipitation   experienced  in  Southern   California,   thus  reducing
operations, in addition to the reduced rates charged to customers as a result of
the change in current market conditions.

Gross profit for the third quarter of 2003 was consistent with the third quarter
of 2002.

General and  administrative  expenses  increased $43,000 in the third quarter of
2003 to  $280,000.  The  management  fee  decreased  from  $156,000 in the third
quarter  of 2002 to  $142,000  for the same  period  in 2003 as a result  of the
Trust's lower net asset balance.

Interest  expense was reduced by $26,000  from  $57,000 in the third  quarter of
2002 to $31,000 in the third quarter of 2003 due to lower borrowings outstanding
at the Providence Project.

Other income increased from an expense of $6,000 in the third quarter of 2002 to
income of  $161,000  in the third  quarter of 2003.  The  increase is due to the
$160,000 of insurance proceeds received for the engine failure at the Providence
Project  experienced in 2002. As a result of the engine  failure,  the project's
generation was reduced thus generating  fewer renewable  energy credits.  During
the  third  quarter  of 2003,  the  project  was  compensated  for its lost 2002
renewable energy revenues.

Equity loss from the Maine Hydro Projects was comparable to the third quarter of
2002.

The equity  income from the Maine  Biomass  Projects  decreased  $931,000,  from
$588,000  in the third  quarter of 2002 to a loss of $343,000 in the same period
in 2003.  The decrease is primarily  attributable  to the $2,042,000 in revenues
received from the transfer of renewable  energy credits during the third quarter
of  2002.   Because  the  Trust  received   notification  of  the  approval  for
qualification  of the Maine Biomass  Projects,  as well as transferred  title in
July 2002,  the Trust  recognized  its share of the renewable  energy  attribute
revenues,  which amounted to $1,113,000 for the first half of 2002, in the third
quarter  as  well.  Unlike  power  generation  revenue,  which is  invoiced  and
recognized in the period  generated,  renewable  attribute revenue is recognized
upon delivery of title and not generation,  thus resulting in the possible delay
of revenue recognition of up to several months.


Nine  Months  Ended  September  30,  2003,  Compared  to the Nine  Months  Ended
September 30, 2002

Total  revenue  for the first nine  months of 2003 was  $6,535,000,  compared to
$5,972,000  for the first  nine  months of 2002.  The  increase  in  revenue  is
reflective of the lower revenues  recorded in 2002 as a result of the failure of
one of the  Providence  Project's  engines,  offset  by a  decrease  in the 2003
revenues  from  the  California  Pumping  projects  due  to  the  rainy  weather
experienced  in Southern  California and the reduced rates charged to customers.
In addition,  the Providence  Project recorded the sale of $337,000 in the first
quarter of 2003 for the transfer of  renewable  energy  credits  produced in the
fourth quarter of 2002.

Gross profit increased $557,000 to $1,714,000 for the first nine months of 2003.
The  increase  is a result of the lower  maintenance  expenses  recorded  in the
current year as compared to 2002, when the Providence Project experienced costly
engine repairs due to the failure of one of its engines.

General and  administrative  expenses decreased $22,000 in the first nine months
of 2003 to $660,000.  The  management  fee decreased  from $468,000 in the first
nine months of 2002 to  $426,000  for the same period in 2003 as a result of the
Trust's lower net asset balance.

Interest  expense  decreased  $72,000 from  $181,000 in the first nine months of
2002 to  $109,000  in the  first  nine  months  of 2003 due to lower  borrowings
outstanding at the Providence Project.

Other income decreased by $36,000 in the first nine months of 2003 primarily due
to the proceeds received from the liquidation of the Santee River Rubber Company
and the sale of obsolete equipment from the California Pumping project in 2002.

Equity income from the Maine Hydro Projects decreased by $153,000,  to a loss of
$109,000  for the first nine months of 2003.  The decrease is due to the heavier
rainfall experienced in 2002.

The equity loss from the Maine Biomass Projects decreased $228,000,  from a loss
of  $324,000  for the first nine months of 2002 to $96,000 in the same period in
2003.  The decrease in equity loss from the Maine Biomass  Projects is primarily
attributable  to the  $3,716,000  in  revenues  received  from the  transfer  of
renewable  energy  credits,   compared  to  $2,181,000  in  2002.  Unlike  power
generation  revenue,  which is invoiced and recognized in the period  generated,
renewable  attribute  revenue  is  recognized  upon  delivery  of title  and not
generation, thus resulting in the possible delay of revenue recognition of up to
several months.

Liquidity and Capital Resources

Cash provided by operating  activities  for the nine months ended  September 30,
2003 was $2,583,000 compared to cash used by operating activities of $23,000 for
the nine  months  ended  September  30,  2002.  The  increase  in cash flow from
operating  activities  is  primarily  the  result of the  decrease  in  accounts
receivable,  increase in short-term advances from affiliates, which occur in the
Trust's  ordinary  course of  business,  the  increase  in net  income,  and the
proceeds received from an insurance claim.

Cash used in  investing  activities  for first nine months of 2003 was  $300,000
compared  to  $369,000  for the first  nine  months  of 2002.  The  decrease  is
primarily due to the $44,000 of capital expenditures  invested in the Providence
Project in 2002.

Cash  used in  financing  activities  for the  first  nine  months  of 2003  was
$2,225,000  compared to $652,000 for the first nine months of 2002. The decrease
in cash flow from financing  activities is due to the Trust making distributions
to shareholders of $963,000 and  distributions to minority  interest of $549,000
in the current year.

On June 26, 2003, Ridgewood Renewable Power LLC, the Managing Shareholder of the
Trust,  entered into a $5,000,0000  Revolving Credit and Security Agreement with
Wachovia  Bank,  National   Association.   The  agreement  allows  the  Managing
Shareholder  to obtain loans and letters of credit for the benefit of the trusts
and funds that it manages.  The  agreement  expires on June 30, 2004. As part of
the  agreement,  the  Trust  agreed  to  limitations  on its  ability  to  incur
indebtedness and liens and make guarantees.

The Trust has historically  financed its operations from cash generated from its
subsidiaries  operations.  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 but resumed making
distributions in the fourth quarter of 2002.

The Trust expects that its cash flows from operations,  cash on hand and line of
credit will be sufficient to fund its obligations and any declared distributions
for the next twelve months.

Item 4. Controls and Procedures

Based on their  evaluation,  as of a date  within 90 days of the filing  date of
this Form 10-Q, the Trust's Chief Executive  Officer and Chief Financial Officer
have concluded that the Trust's  disclosure  controls and procedures (as defined
in Rules 13a-14(c) and 15d-14(c)  under the Securities  Exchange Act of 1934, as
amended)  are  effective.  There have been no  significant  changes in  internal
controls or in other  factors that could  significantly  affect  these  controls
subsequent to the date of their  evaluation,  including any  corrective  actions
with regard to significant deficiencies and material weaknesses.

Forward-looking statement advisory

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

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

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

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


<PAGE>



                           PART II - OTHER INFORMATION

     Item 1. Legal Proceedings

None.


<PAGE>


                                   SIGNATURES

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




                        RIDGEWOOD ELECTRIC POWER TRUST IV
                                   Registrant


January 19, 2004                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)




<PAGE>


                                  CERTIFICATION



I, Robert E. Swanson,  Chief Executive Officer of Ridgewood Electric Power Trust
IV ("registrant"), certify that:

1. I have reviewed this quarterly report on Form 10-Q of the registrant;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.  The  registrant's  other  certifying  officer  and  I  are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and we have:

    a)   designed such disclosure controls and procedures, or caused such
         disclosure control and procedures to be designed under our supervision,
         to ensure that material information relating to the registrant,
         including its consolidated subsidiaries, is made known to us by others
         within those entities, particularly during the period in which this
         quarterly report is being prepared;

    b)   evaluated the effectiveness of the registrant's disclosure controls and
         procedures and presented in this quarterly report our conclusions about
         the effectiveness of the disclosure controls and procedures, as of the
         end of the period covered by this quarterly report based on such
         evaluation; and

    c)   disclosed in this quarterly report any change in the registrant's
         internal control over financial reporting that occurred during the
         period covered by the report that has materially affected, or is
         reasonably likely to materially affect, the issuer's internal control
         over financial reporting; and


5. The registrant's other certifying officer and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and senior management:

    a) all significant deficiencies in the design or operation of internal
       controls which could adversely affect the registrant's ability to record,
       process, summarize and report financial data and have identified for the
       registrant's auditors any material weaknesses in internal controls; and

    b) any fraud, whether or not material, that involves management or other
       employees who have a significant role in the registrant's internal
       controls; and

6. The  registrant's  other  certifying  officer  and I have  indicated  in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: January 19, 2004

/s/   Robert E. Swanson
------------------------------------
Robert E. Swanson
Chief Executive Officer


<PAGE>


                                  CERTIFICATION



I, Christopher I. Naunton,  Chief Financial Officer of Ridgewood  Electric Power
Trust IV ("registrant"), certify that:

1. I have reviewed this quarterly report on Form 10-Q of the registrant;

2. Based on my  knowledge,  this  quarterly  report  does not contain any untrue
statement of a material fact or omit to state a material fact  necessary to make
the statements made, in light of the  circumstances  under which such statements
were made, not  misleading  with respect to the period covered by this quarterly
report;

3.  Based  on my  knowledge,  the  financial  statements,  and  other  financial
information  included in this quarterly  report,  fairly present in all material
respects the financial  condition,  results of operations  and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4.  The  registrant's  other  certifying  officer  and  I  are  responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and we have:

    a)   designed such disclosure controls and procedures, or caused such
         disclosure control and procedures to be designed under our supervision,
         to ensure that material information relating to the registrant,
         including its consolidated subsidiaries, is made known to us by others
         within those entities, particularly during the period in which this
         quarterly report is being prepared;

    b)   evaluated the effectiveness of the registrant's disclosure controls and
         procedures and presented in this quarterly report our conclusions about
         the effectiveness of the disclosure controls and procedures, as of the
         end of the period covered by this quarterly report based on such
         evaluation; and

    c)   disclosed in this quarterly report any change in the registrant's
         internal control over financial reporting that occurred during the
         period covered by the report that has materially affected, or is
         reasonably likely to materially affect, the issuer's internal control
         over financial reporting; and


5. The registrant's other certifying officer and I have disclosed,  based on our
most recent evaluation, to the registrant's auditors and senior management:

    a) all significant deficiencies in the design or operation of internal
       controls which could adversely affect the registrant's ability to record,
       process, summarize and report financial data and have identified for the
       registrant's auditors any material weaknesses in internal controls; and

    b) any fraud, whether or not material, that involves management or other
       employees who have a significant role in the registrant's internal
       controls; and

6. The  registrant's  other  certifying  officer  and I have  indicated  in this
quarterly  report  whether or not there  were  significant  changes in  internal
controls or in other factors that could  significantly  affect internal controls
subsequent to the date of our most recent  evaluation,  including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: January 19, 2004

/s/   Christopher I. Naunton
--------------------------------------
Christopher I. Naunton
Chief Financial Officer