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) January 3, 2006

                        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 No.)
               organization)

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

       Registrant's telephone number, including area code: (302) 888-7444

                                 Not Applicable
         (Former name or former address, if changed since last report.)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_| Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))

Item 5.02.  Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.

     Effective January 3, 2006, Randall D. Holmes, President and Chief Operating
Officer of the Registrant,  has been appointed the Registrant's  Chief Executive
Officer.  Mr. Holmes,  who has been President and Chief Operating Officer of the
Registrant  since January 1, 2004, will relinquish the title of Chief  Operating
Officer and will  continue to report to Robert E.  Swanson,  Chairman and former
Chief  Executive  Officer.  Mr. Swanson will retain his title as Chairman of the
Registrant.


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:  January 6, 2006           By /s/ Douglas R. Wilson
                                        Douglas R. Wilson,
                                        Chief Financial Officer