The  consent  solicitation  period for  Ridgewood  Electric  Power  Trust I (the
"Trust") was  terminated  as of the close of business on December 18, 2001.  The
consent forms were  tabulated and both the proposed  termination of the business
status of the Trust (the  "Conversion") and the amendments to the declaration of
trust  (the  "Amendments")  received  affirmative  votes  of a  majority  of the
outstanding   investor  shares  (excluding  the  Managing  Shareholder  and  its
affiliates) and are therefore approved.