The  consent  solicitation  period  for  Ridgewood  Electric  Power  Trust V was
terminated  as of the close of business on December 31, 2001.  The consent forms
were  tabulated  and the proposed  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.