January 14, 2004 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Commissioners: We have read the statements made by Ridgewood Power Trust V (copy attached), which we understand will be filed with the Commission, pursuant to Item 4 of Form 8-K, as part of the Company's Form 8-K report dated January 14, 2004. We agree with the statements concerning our Firm in such Form 8-K, except that PricewaterhouseCoopers LLP makes no comment whatsoever regarding any current or future revisions or improvements to internal control systems, as noted in Item (a)(iv). Very truly yours, /s/ PricewaterhouseCoopers LLP PricewaterhouseCoopers LLP Florham Park, NJ