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, 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

                               September 30, 2002


<PAGE>

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

                                                   September 30,   December 31,
                                                       2002            2001
                                                   ------------    ------------
Assets:

Cash and cash equivalents ......................   $      6,832   $  1,050,638
Accounts receivable, trade .....................      1,257,237        624,752
Due from affiliates ............................        843,228        250,000
Other assets ...................................         89,241         53,661
                                                   ------------    ------------
     Total current assets ......................      2,196,538      1,979,051
                                                   ------------    ------------

Investments:
Maine Hydro Projects ...........................      4,922,738      4,879,015
Maine Biomass Projects .........................      4,831,716      4,830,991

Plant and equipment ............................     16,934,368     16,890,129
Accumulated depreciation .......................     (5,416,541)    (4,773,988)
                                                   ------------    ------------
                                                     11,517,827     12,116,141
                                                   ------------    ------------

Electric power sales contract ..................      8,338,040      8,338,040
Accumulated amortization .......................     (3,586,571)    (3,169,688)
                                                   ------------    ------------
                                                      4,751,469      5,168,352
                                                   ------------    ------------

Spare parts inventory ..........................        670,769        670,769
Debt reserve fund ..............................        746,546        738,226
                                                   ------------    ------------
    Total assets ...............................   $ 29,637,603   $ 30,382,545
                                                   ------------    ------------

Liabilities and Shareholders' Equity:

Liabilities:
Current maturities of long-term debt ...........   $    932,639   $    868,098
Accounts payable and accrued expenses ..........        569,542        383,503
Due to affiliates ..............................        977,212      1,015,131
                                                   ------------    ------------
    Total current liabilities ..................      2,479,393      2,266,732

Long-term debt, less current portion ...........      1,114,653      1,822,425
Minority interest in the
 Providence Project ............................      5,563,629      5,477,894

Commitments and contingencies

Shareholders' equity:
Shareholders' equity (476.8875
 investor shares issued
   and outstanding) ............................     20,680,196     21,012,406
Managing shareholder's
 accumulated deficit
  (1 management share issued
    and outstanding) ...........................       (200,268)      (196,912)
                                                   ------------   ------------
    Total shareholders' equity .................     20,479,928     20,815,494
                                                   ------------    ------------

    Total liabilities and shareholders' equity .   $ 29,637,603   $ 30,382,545
                                                   ------------    ------------

            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,
                           2002           2001          2002            2001
                       -----------    -----------    -----------    -----------

Net sales ..........   $ 5,561,777    $ 5,727,073    $ 1,904,343    $ 1,930,450
Sublease income ....       410,247        410,247        136,749        136,749
                       -----------    -----------    -----------    -----------
  Total revenues ...     5,972,024      6,137,320      2,041,092      2,067,199

Cost of sales ......     4,814,839      4,760,819      1,578,063      1,769,501
                       -----------    -----------    -----------    -----------

Gross profit .......     1,157,185      1,376,501        463,029        297,698

General and
 administrative
  expenses .........       682,003        855,956        237,272        408,182
Management fee .....       468,351        590,419        156,119        170,847
                       -----------    -----------    -----------    -----------
   Total other
    operating
     expenses ......     1,150,354      1,446,375        393,391        579,029
                       -----------    -----------    -----------    -----------

Income (loss) from
 operations ........         6,831        (69,874)        69,638       (281,331)
                       -----------    -----------    -----------    -----------

Other income
 (expense):
  Interest income ..        13,157         61,978          4,202         19,124
  Interest expense .      (181,009)      (232,063)       (56,758)       (72,679)
  Other income
  (expense), net ...       191,741           --           (6,345)          --

  Income (loss) from
   Maine Hydro
    Projects .......        43,723        (50,472)      (354,607)      (321,578)
  Income (loss) from
   Maine Biomass
    Projects .......      (324,274)      (269,680)       587,538        144,182
                       -----------    -----------    -----------    -----------
    Net other
     income (loss) .      (256,662)      (490,237)       174,030       (230,951)
                       -----------    -----------    -----------    -----------

Income (loss) before
 minority interest .      (249,831)      (560,111)       243,668       (512,282)

Minority interest in
 the earnings of the
  Providence Project       (85,735)      (209,187)       (41,235)        10,221
                       -----------    -----------    -----------    -----------

Net income (loss) ..   $  (335,566)   $  (769,298)   $   202,433    $  (502,061)
                       -----------    -----------    -----------    -----------















         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, 2001 ....   $ 21,012,406    $   (196,912)   $ 20,815,494

Net loss for the period       (332,210)         (3,356)       (335,566)
                          ------------    ------------    ------------

Shareholders' equity,
 September 30, 2002 ...   $ 20,680,196    $   (200,268)   $ 20,479,928
                          ------------    ------------    ------------



































          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,
                                                         2002           2001
                                                     -----------    -----------
Cash flows from operating activities:
     Net loss ....................................   $  (335,566)   $  (769,298)
                                                     -----------    -----------
     Adjustments to reconcile net loss
       to net cash flows from operating
        activities:
         Depreciation and amortization ...........     1,059,436      1,121,559
         Minority interest in earnings of
          the Providence Project .................        85,735        209,187
         Income from Maine Hydro Projects ........       (43,723)        50,472
         Loss from Maine Biomass Projects ........       324,274        269,680
         Changes in assets and liabilities:
           Increase in accounts receivable,trade .      (632,485)      (593,178)
           (Increase) decrease in due
             from affiliates .....................      (593,228)        17,276
           Increase in other assets ..............       (35,580)        (6,828)
           Increase (decrease) in accounts payable
            and accrued expenses .................       186,039        (17,093)
           Increase (decrease) in due
            to affiliates ........................       (37,919)       (35,631)
                                                     -----------    -----------
               Total adjustments .................       312,549      1,015,444
                                                     -----------    -----------
         Net cash (used in) provided
          by operating activities ................       (23,017)       246,146
                                                     -----------    -----------

Cash flows from investing activities:
     Investment in Maine Biomass Projects ........      (325,000)      (450,000)
     Capital expenditures ........................       (44,239)       (64,307)
                                                     -----------    -----------
         Net cash used in investing activities ...      (369,239)      (514,307)
                                                     -----------    -----------

Cash flows from financing activities:
     Payments to reduce long-term debt ...........      (643,230)      (584,576)
     Increase in debt reserve fund ...............        (8,320)       (21,968)
     Distribution to minority interest ...........            --       (355,991)
                                                      -----------   -----------
         Net cash used in financing activities ...      (651,550)      (962,535)
                                                     -----------    -----------

Net decrease in cash and cash equivalents ........    (1,043,806)    (1,230,696)

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

Cash and cash equivalents, end of period .........   $     6,832    $   426,165
                                                     -----------    -----------







          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 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:

                       Nine Months Ended        Three Months Ended
                         September 30,              September 30,
                       2002        2001          2002         2001
                    ----------  ----------     --------    ---------
Revenue .........   $2,538,000  $2,214,000     $154,000    $145,000
Operating expense    2,451,000   2,315,000      864,000     788,000
Net income (loss)       87,000    (101,000)    (710,000)   (643,000)

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

                        Nine Months Ended          Three Months Ended
                           September 30,              September 30,
                        2002          2001          2002         2001
                     ----------    ----------    ----------   ----------
Revenue .........    $5,938,000    $3,910,000    $3,405,000   $2,565,000
Cost of sales ...     5,739,000     3,567,000     1,905,000    1,857,000
Other expense ...       848,000       882,000       325,000      419,000
Net income (loss)      (649,000)     (539,000)    1,175,000      289,000


3.  Summary of Significant Accounting Policies

New Accounting Standards and Disclosures
SFAS 141
In June 2001, the Financial Accounting Standards Board ("FASB") issued Statement
of Financial  Accounting  Standards ("SFAS") 141, Business  Combinations,  which
eliminates   the   pooling-of-interest   method  of   accounting   for  business
combinations and requires the use of the purchase method. In addition,  SFAS 141
requires  the  reassessment  of  intangible  assets  to  determine  if they  are
appropriately  classified  either  separately  or within  goodwill.  SFAS 141 is
effective for business  combinations  initiated  after June 30, 2001.  The Trust
adopted  SFAS  141 on  July  1,  2001,  which  did not  have  an  impact  on the
consolidated financial statements.

SFAS 142
In June 2001, the FASB issued SFAS 142,  Goodwill and Other  Intangible  Assets,
which  eliminates the  amortization  of goodwill and other  acquired  intangible
assets  with  indefinite  economic  useful  lives.  SFAS 142  requires an annual
impairment test of goodwill and other intangible  assets that are not subject to
amortization. Other intangible assets with definite economic lives will continue
to be amortized  over their useful lives.  The Trust adopted SFAS 142 on January
1, 2002, which did not have an impact on the consolidated financial statements.

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
will  adopt  SFAS 143  effective  January  1,  2003 and has  assessed  that this
standard will not have a material impact on the Trust.

SFAS 144
In August  2001,  the FASB issued SFAS 144,  Accounting  for the  Impairment  or
Disposal of  Long-Lived  Assets,  which  replaces SFAS 121,  Accounting  for the
Impairment of Long-lived Assets and for Long-Lived Assets to Be Disposed Of. For
long-lived assets to be held and used, SFAS 144 retains the requirements of SFAS
121 to (a)  recognize  an  impairment  loss only if the  carrying  amount is not
recoverable from  undiscounted  cash flows and (b) measure an impairment loss as
the  difference  between the  carrying  amount and fair value of the asset.  For
long-lived  assets to be disposed of, SFAS 144  establishes a single  accounting
model based on the framework  established in SFAS 121. The accounting  model for
long-lived  assets to be disposed of by sale applies to all  long-lived  assets,
including discontinued operations and replaces the provisions of APB Opinion No.
30, Reporting the Results of Operations - Reporting the Effects of Disposal of a
Segment of a Business,  and  Extraordinary,  Unusual and Infrequently  Occurring
Events and  Transactions,  for the disposal of segments of a business.  SFAS 144
also broadens the reporting of discontinued  operations.  The Trust adopted SFAS
144 on  January  1,  2002,  which  did not have an  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 will adopt SFAS
145 effective  January 1, 2003 and has assessed that this standard will not have
a material impact on the Trust.

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  will  adopt  SFAS 146  effective  January  1, 2003 and has
assessed that this standard will not have a material impact on the Trust.

4. Line of Credit

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.  Outstanding
borrowings  bear interest at LIBOR plus 2.5% (4.319% and 4.376% at September 30,
2002 and December 31, 2001, respectively). During the third quarter of 2002, the
Trust  extended its revolving  line of credit  agreement with its principal bank
through August 31, 2002 and  subsequently  finalized a further  extension  until
July 31, 2003. The extension expiring on August 31, 2002 provided the Trust with
a committed line of credit of $493,000,  while the credit facility  through July
31, 2003 will provide a committed line of $600,000. The credit agreement,  which
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, is
currently  waived as long as the Trust  provides  100% cash  collateral  for any
borrowings  after  December 31, 2002.  There were no  outstanding  borrowings at
September 30, 2002. In October 2002, the Trust borrowed  $500,000 under the line
of credit facility.


5. Related Party Transactions

At September 30, 2002 and December 31, 2001, the Trust had outstanding  payables
and receivables, with the following affiliates:

                                   Due To                    Due From
                          ------------------------   ------------------------
                          September 30, December 31, September 30, December 31,
                              2002         2001         2002         2001
                           ----------   ----------   ----------   ----------
Ridgewood Power
 Management LLC ........   $  469,923   $  201,269   $     --     $     --
Ridgewood Electric Power
 Trust III .............         --        384,105      328,285         --
Ridgewood Electric Power
 Trust V ...............         --        135,667         --           --
Maine Hydro ............      343,506      270,006         --           --
Maine Biomass ..........         --           --        514,333      250,000
Other affiliates .......      163,783       24,084          610         --
                           ----------   ----------   ----------   ----------
         Total .........   $  977,212   $1,015,131   $  843,228   $  250,000
                           ----------   ----------   ----------   ----------

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
Three  Months  Ended  September  30,  2002,  Compared to the Three  Months Ended
September 30, 2001

Net sales for the third  quarter of 2002,  which  consist of  revenues  from the
Providence project and the California Pumping project,  were comparable with the
third quarter of 2001.

Gross profit  increased  from $298,000 for the three months ended  September 30,
2001,  to  $463,000  for the  corresponding  period  of 2002.  The  increase  is
attributed to higher repair and  maintenance  costs  incurred at the  Providence
project in the third quarter of 2001.

General and  administrative  expenses decreased $171,000 in the third quarter of
2002 to $237,000,  as a result of the decrease in professional  fees incurred in
2002. The management fee decreased from $171,000 in the third quarter of 2001 to
$156,000 for the same period in 2002 as a result of the Trust's  lower net asset
balance.

Interest  income  decreased by $15,000 from $19,000 in the third quarter of 2001
to $4,000 in the  third  quarter  of 2002 due to lower  average  cash  balances.
Interest  expense was reduced by $16,000  from  $73,000 in the third  quarter of
2001 to $57,000 in the third quarter of 2002 due to lower borrowings outstanding
at the Providence Project.

The  equity  loss from the Maine  Hydro  Projects  was  comparable  to the third
quarter  of  2001.  The  loss  is  attributable  to the low  rainfall,  normally
experienced during the summer months.

The equity income from the Maine Biomass Projects increased from $144,000 in the
third  quarter of 2001 to $588,000 in the same period in 2002.  The  increase in
income  from  the  Maine  Biomass  Projects  is  primarily  attributable  to the
renewable energy attributes  revenue (discussed in more detail below) recognized
by the West  Enfield  plant.  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 (the "Division") 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.

On July 8, 2002, the Trust received  official  notice from the Division that the
Application for Statement of Qualification  filed pursuant to the  Massachusetts
Renewable  Energy Portfolio  Standard  Regulations  ("Regulations")  by both the
Jonesboro and West Enfield plants had been approved as of July 3, 2002. Pursuant
to such  approval,  the  Division  found  that the Plants  meet the  eligibility
requirements  of the  Regulations  and therefore  may market and sell  renewable
attributes  associated with the electric  generation of the Plants.  Because the
West  Enfield  plant  qualifies  under  the RPS,  pursuant  to the  power  sales
contract,  Select  Energy  paid an  additional  amount  for  the RPS  Attributes
associated  with the electric  energy it purchased  from the West Enfield plant,
which amounted to approximately  $929,000 for the third quarter of 2002. Because
the  Trust  received  notification  of its  approval  for  qualification  by the
Division  in July  2002,  the  Trust  recognized  its  share  of the  additional
revenues,  which amounted to $1,113,000 for the first half of 2002, in the third
quarter as well.

Nine  Months  Ended  September  30,  2002,  Compared  to the Nine  Months  Ended
September 30, 2001

Net sales decreased by $165,000, or 2.9%, to $5,562,000 in the first nine months
of 2002.  The decrease in net sales is due to the decrease in revenues  from the
Providence  project as a result of the failure of one of its  engines.  Revenues
from the California  Pumping  project were comparable with the first nine months
of 2001.

Gross profit  decreased from  $1,377,000 for the nine months ended September 30,
2001,  to  $1,157,000  for the  corresponding  period of 2002.  The  decrease is
attributed  to higher  maintenance  costs and lower  revenues as a result of the
failure of one of the Providence project's engines.

General and administrative  expenses decreased $174,000 in the first nine months
of 2002 to $682,000,  as a result of the decrease in professional  fees incurred
in 2002.  The management fee decreased from $590,000 in the first nine months of
2001 to $468,000  for the same  period in 2002 as a result of the Trust's  lower
net asset balance.

Other income  increased  by $192,000 in the first nine months of 2002  primarily
due to the proceeds  received  from the  liquidation  of the Santee River Rubber
Company,  which filed for bankruptcy in 2000 and the sale of obsolete  equipment
from the California Pumping project.

Equity income from the Maine Hydro  Projects  increased by $94,000 to $44,000 in
the first nine  months of 2002.  The  increase  is due to the  heavier  rainfall
experienced in 2002.

The  equity  loss from the Maine  Biomass  Projects  for the nine  months  ended
September 30, 2002 was $324,000 compared  $270,000 for the corresponding  period
of 2001.  The equity  loss  recognized  in 2002 is  primarily  due to the higher
maintenance  fees incurred as a result of the West Enfield plant operating under
a normal full time schedule,  as well as lower capacity revenues received by the
West Enfield and Jonesboro plants.  As an offset to the higher  maintenance fees
and lower  capacity  revenues,  the West Enfield  plant  recorded  $2,042,000 of
renewable energy attributes revenue based on its recent qualification.

On July 8, 2002, the Trust received  official  notice from the Division that the
Application for Statement of Qualification  filed pursuant to the  Massachusetts
Renewable  Energy Portfolio  Standard  Regulations  ("Regulations")  by both the
Jonesboro and West Enfield plants had been approved as of July 3, 2002. Pursuant
to such  approval,  the  Division  found  that the Plants  meet the  eligibility
requirements  of the  Regulations  and therefore  may market and sell  renewable
attributes  associated with the electric  generation of the Plants.  Because the
West  Enfield  plant  qualifies  under  the RPS,  pursuant  to the  power  sales
contract,  Select  Energy  paid an  additional  amount  for  the RPS  Attributes
associated  with the electric  energy it purchased  from the West Enfield plant,
which amounted to approximately $2,042,000 for the first nine months of 2002.

Liquidity and Capital Resources

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

Cash used in operating  activities for the nine months ended  September 30, 2002
was $23,000 as compared to cash provided by operating activities of $246,000 for
the nine  months  ended  September  30,  2001.  The  decrease  in cash flow from
operating  activities  is  primarily  the result of the  increase in  short-term
receivables  from  affiliates,  which  occur in the Trust's  ordinary  course of
business, offset by the decrease in net loss.

Cash used in investing  activities  decreased to $369,000  during the first nine
months of 2002 as compared  to  $514,000  in the first nine months of 2001.  The
decrease is primarily due to the Trust making a $325,000 investment in the Maine
Biomass Projects in 2002 as compared to $450,000 in 2001.

Cash used in financing activities for the first nine months of 2002 was $652,000
compared to $963,000  for the first nine  months of 2001.  The  decrease in 2002
negative cash flow from financing  activities is due to the  Providence  project
not making  distributions  in the current  year,  as compared to the $356,000 of
distributions in 2001.

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.  Outstanding
borrowings bear interest at the bank's prime rate or, at the Trust's choice,  at
LIBOR plus 2.5% (4.319% and 4.376% at September  30, 2002 and December 31, 2001,
respectively).  During  the  third  quarter  of 2002,  the  Trust  extended  its
revolving  line of credit  agreement  with its principal bank through August 31,
2002 and  subsequently  finalized a further  extension  until July 31, 2003. The
extension  expiring on August 31, 2002 provided the Trust with a committed  line
of credit of  $493,000,  while the credit  facility  through  July 31, 2003 will
provide a committed line of $600,000.  The credit agreement,  which 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, is currently
waived as long as the Trust  provides 100% cash  collateral  for any  borrowings
after December 31, 2002.  There were no outstanding  borrowings at September 30,
2002.  In October 2002,  the Trust  borrowed  $500,000  under the line of credit
facility.

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 has  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 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 6. Exhibits and Reports on Form 8-K
(a)      Exhibits

                    None.

(b)      Reports on Form 8-K

The  following  report on Form 8-K was filed in or for the  three  months  ended
September 30, 2002:

In July 2002,  the Trust  filed a Current  Report on Form 8-K to report that the
Trust  received   official   notice  that  its   Application  for  Statement  of
Qualification  filed pursuant to the  Massachusetts  Renewable  Energy Portfolio
Standard Regulations for the Jonesboro and West Enfield plants (collectively the
Maine Biomass Projects) had been approved.
<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


December 4, 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)


<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-14 and 15d-14) for the registrant and we have:

     a) designed such disclosure controls and procedures 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  as of a date  within  90  days  prior  to the  filing  date  of this
quarterly report (the "Evaluation Date"); and

     c)  presented  in  this  quarterly   report  our   conclusions   about  the
effectiveness of the disclosure  controls and procedures based on our evaluation
as of the Evaluation Date;

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: December 4, 2002


/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-14 and 15d-14) for the registrant and we have:

     a) designed such disclosure controls and procedures 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  as of a date  within  90  days  prior  to the  filing  date  of this
quarterly report (the "Evaluation Date"); and

     c)  presented  in  this  quarterly   report  our   conclusions   about  the
effectiveness of the disclosure  controls and procedures based on our evaluation
as of the Evaluation Date;

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: December 4, 2002


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