RIDGEWOOD ELECTRIC POWER TRUST IV
947 LINWOOD AVENUE
RIDGEWOOD, NEW JERSEY 07450-2939
TEL. (201) 447-9000


May 14, 2001


Securities and Exchange Commission
Washington, D.C. 20549

Dear Commission:

Pursuant to the  requirements  of the  Securities  Exchange Act of 1934,  we are
transmitting  herewith  a  Quarterly  Report on Form 10-Q for the  period  ended
March 31, 2001.

If you have any questions, please contact the undersigned or our counsel, Daniel
V. Gulino, at this office.

Sincerely,

RIDGEWOOD ELECTRIC POWER TRUST IV

/s/Christopher I. Naunton
Christopher I. Naunton, Vice President
 and Chief Financial Officer

<PAGE>

                                    FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

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

                  For the quarterly period ended March 31, 2001

                         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, 2001


<PAGE>


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

                                             March 31, 2001   December 31,
                                              (unaudited)        2000
                                              ------------    ------------
Assets:
Cash and cash equivalents .................   $  1,042,837    $  1,656,861
Accounts receivable, trade ................      1,159,826         668,349
Due from affiliates .......................           --            17,276
Other assets ..............................         75,750          60,399
                                              ------------    ------------
       Total current assets ...............      2,278,413       2,402,885

Investments:
Maine Hydro Projects ......................      5,366,068       5,346,948
Maine Biomass Projects ....................      5,262,697       5,485,287

Plant and equipment .......................     16,809,453      16,800,858
Accumulated depreciation ..................     (4,115,761)     (3,887,968)
                                              ------------    ------------
                                                12,693,692      12,912,890
                                              ------------    ------------

Electric power sales contract .............      8,338,040       8,338,040
Accumulated amortization ..................     (2,752,775)     (2,613,819)
                                              ------------    ------------
                                                 5,585,265       5,724,221
                                              ------------    ------------

Spare parts inventory .....................        688,984         688,984
Debt reserve fund .........................        717,216         710,513
                                              ------------    ------------
        Total assets ......................   $ 32,592,335    $ 33,271,728
                                              ------------    ------------

Liabilities and Shareholders' Equity:
Liabilities:
Current maturities of long-term debt ......   $    808,023    $    788,937
Accounts payable and accrued expenses .....        393,537         390,824
Due to affiliates .........................        816,420         933,694
                                              ------------    ------------
Total current liabilities .................      2,017,980       2,113,455

Long-term debt, less current portion ......      2,481,217       2,690,523
Minority interest in the Providence Project      5,637,441       5,688,136

Commitments and contingencies

Shareholders' Equity:
Shareholders' equity (476.8875 investor
 shares issued and outstanding) ...........     22,636,207      22,956,885
Managing shareholder's accumulated deficit
 (1 management share
   issued and outstanding) ................       (180,510)       (177,271)
                                              ------------    ------------
Total shareholders' equity ................     22,455,697      22,779,614
                                              ------------    ------------

Total liabilities and shareholders' equity    $ 33,592,335    $ 33,271,728
                                              ------------    ------------


          See accompanying notes to consolidated financial statements.


<PAGE>



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

                                              Three Months Ended
                                           ---------------------------
                                            March 31,      March 31,
                                              2001            2000
                                           -----------    -----------

Net sales ..............................   $ 1,815,188    $ 1,773,779
Sublease income ........................       136,749         92,250
                                           -----------    -----------
               Total revenue ...........     1,951,937      1,866,029

Cost of sales ..........................     1,471,187      1,580,798
                                           -----------    -----------
Gross profit ...........................       480,750        285,231
General and administrative expenses ....       167,195        144,541
Management fee .........................       248,725        106,430
                                           -----------    -----------
    Total other operating expenses .....       415,920        250,971
                                           -----------    -----------
Income from operations .................        64,830         34,260
                                           -----------    -----------

Other income (expense):
      Interest income ..................        27,094          8,710
      Interest expense .................       (81,993)       (99,339)
      Income from Maine Hydro Projects .        19,120        255,517
      Loss from Maine Biomass Projects .      (222,590)       (69,816)
      Loss from Santee River Rubber ....          --          (81,848)
                                           -----------    -----------
      Net other income .................      (258,369)        13,224
                                           -----------    -----------

(Loss) income before minority interest .      (193,539)        47,484

Minority interest in the earnings of the
      Providence Project ...............      (130,378)       (57,731)
                                           -----------    -----------
Net loss ...............................   $  (323,917)   $   (10,247)
                                           -----------    -----------





        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, 2000 ....   $ 22,956,885    $   (177,271)   $ 22,779,614

Net loss for the period       (320,678)         (3,239)       (323,917)
                          ------------    ------------    ------------
Shareholders' equity,
 March 31, 2001 .......   $ 22,636,207    $   (180,510)   $ 22,455,697
                          ------------    ------------    ------------



















          See accompanying notes to consolidated financial statements.


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

                                                      Three Months Ended
                                                  ---------------------------
                                                   March 31,      March 31,
                                                      2001           2000
                                                  -----------    -----------
Cash flows from operating activities:
Net loss ......................................   $  (323,917)   $   (10,247)
                                                  -----------    -----------
Adjustments  to  reconcile  net  income
 to net cash  flows  from  operating
 activities:
Depreciation and amortization .................       366,749        360,228
Minority interest in earnings of the
 Providence Project ...........................       130,378         57,731
Income from unconsolidated Maine Hydro Projects       (19,120)      (255,517)
Loss from unconsolidated Maine Biomass Projects       222,590         69,816
Loss from unconsolidated Santee River Rubber ..          --           81,848
Changes in assets and liabilities:
 (Increase) decrease in accounts receivable,
 trade ........................................      (491,477)        14,808
 (Increase) decrease in other assets ..........       (15,351)        10,529
 Increase in accounts payable and accrued
 expenses .....................................         2,713        205,633
 Decrease in due from affiliates, net .........       (99,998)      (191,106)
                                                  -----------    -----------
  Total adjustments ...........................        96,484        353,970
                                                  -----------    -----------
Net cash (used in) provided by operating
 activities ...................................      (227,433)       343,723
                                                  -----------    -----------
Cash flows from investing activities:
Capital expenditures ..........................        (8,595)          (902)
                                                  -----------    -----------
Net cash used in investing activities .........        (8,595)          (902)
                                                  -----------    -----------
Cash flows from financing activities:
Borrowings under line of credit ...............          --          500,000
Cash distributions to shareholders ............          --         (481,418)
Payments to reduce long-term debt .............      (190,220)      (155,528)
Increase in debt reserve fund .................        (6,703)        (5,921)
Distribution to minority interest .............      (181,073)      (116,600)
                                                  -----------    -----------
Net cash used in financing activities .........      (377,996)      (259,467)
                                                  -----------    -----------
Net (decrease) increase in cash and
 cash equivalents .............................      (614,024)        83,354

Cash and cash equivalents, beginning of year ..     1,656,861        893,383
                                                  -----------    -----------
Cash and cash equivalents, end of period ......   $ 1,042,837    $   976,737
                                                  -----------    -----------



          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 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  financial  statements
included  in the 2000  Annual  Report  on Form  10-K,  which  should  be read in
conjunction with these financial statements.

The results of operations for an interim period should not  necessarily be taken
as  indicative  of the results of  operations  that may be expected for a twelve
month period.

2.       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,
                                   2001         2000
                                ----------   ----------
Total revenue ...............   $  812,000   $1,346,000
Depreciation and amortization      277,000      280,000
Net income ..................       38,000      511,000

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,
                                  2001         2000
                                ---------    ---------
Total revenue ...............   $ 538,000    $ 582,000
Depreciation and amortization      13,000       13,000
Net loss ....................    (445,000)    (140,000)


<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, the Maine Biomass Projects and the Santee River Rubber
Project,  which are owned 50% or less by the Trust. Results of Operations In the
first quarter of 2001, the Trust had total revenue of $1,952,000,  which is a 5%
increase  from the total revenue of $1,866,000 in the same period in 2000 due to
increased  production at the  Providence  plant.  Cost of sales  decreased  from
$1,581,000 in the first quarter of 2000 to $1,472,000 in the same period in 2001
as a result of lower engine maintenance costs at the Providence Project.

General and  administrative  expenses in the first quarter of 2000 and 2001 were
consistent.  The  management fee increased from $106,000 in the first quarter of
2000  to  $249,000  in the  same  period  in 2001 as a  result  of the  Managing
Shareholder's  decision to resume  taking 100% of the  management  fee effective
January  1,  2001.  In 2000,  the  Managing  Shareholder  had  waived 50% of the
management fee.

Interest income increased by $18,000 from $9,000 in the first quarter of 2000 to
$27,000  in the first  quarter  of 2001 due to  higher  average  cash  balances.
Interest  expense was reduced by $17,000  from  $99,000 in the first  quarter of
2000 to $82,000 in the first quarter of 2001 due to lower borrowings outstanding
at the Providence project.

Equity income from the Maine Hydro Projects  decreased $237,000 from $256,000 in
the first  quarter of 2000 to $19,000 in the same  period in 2001,  due to lower
production  because of  significantly  below-average  river  flows in 2001.  The
equity loss from the shut-down Maine Biomass Projects  increased from $70,000 in
the first  quarter  of 2000 to  $223,000  in the same  period in 2001 due to the
expenses  of  staffing  and  preparing  the West  Enfield  plant  for full  time
operation beginning in the second quarter of 2001. The equity loss in the Santee
River Rubber  project of $82,000 in the first  quarter of 2000 did not recur due
to the writedown of the project in the third quarter of 2000.

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  anticipates  that its cash flow  during 2001 will be adequate to fund
its obligations.

Forward-looking statement advisory

This Quarterly  Report on Form 10-Q, as with some other  statements  made by the
Trust  from  time to time,  has  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 14, 2001                    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)