SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.

                               FORM 8-K

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

       Date of report (Date of earliest event reported) July 3, 2002

                   RIDGEWOOD ELECTRIC POWER TRUST V
           (Exact name of registrant as specified in charter)

  Delaware                   0-24143                   22-3437351
(State or other            (Commission               (IRS Employer
jurisdiction of             File Number)              Identification
organization)                                                  No.)

947 Linwood Avenue, Ridgewood, New Jersey 07450-2939
(Address of principal executive offices)  (Zip Code)

Registrant's telephone number, including area code:  (201) 447-9000



Item 5.  Other Events.

     On July 8, 2002,  Ridgewood  Electric Power Trust V (the "Trust")  received
official  notice  from the  Massachusetts  Division  of  Energy  Resources  (the
"Division") that the Application for Statement of  Qualification  filed pursuant
to  the   Massachusetts   Renewable   Energy  Portfolio   Standard   Regulations
("Regulations")  by both the Indeck  Jonesboro  and Indeck West  Enfield  plants
(collectively "Indeck Plants") had been approved as of July 3, 2002. Pursuant to
such approval,  the Division  found that the Indeck Plants meet the  eligibility
requirements  of the  Regulations  and therefore  may market and sell  renewable
attributes  associated  with the electric  generation of the Indeck Plants.  The
Trust and Ridgewood Electric Power Trust IV jointly own a fifty-percent priority
interest in the Indeck Plants.  Indeck Energy Services,  Inc. owns the remaining
junior interest in the Indeck Plants.







SIGNATURE

         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 hereunto duly authorized.


                                    RIDGEWOOD ELECTRIC POWER TRUST V


Date:  July 18, 2002           By /s/ Christopher I. Naunton
                                      Christopher I. Naunton,
                                      Vice President
                                      and Chief Financial Officer