Exhibit 12a

IDACORP, INC.
Consolidated Financial Information
Supplemental Ratio of Earnings to Fixed Charges

			Twelve Months Ended										Twelve Months
			December 31,										Ended
			(Thousands of Dollars)										September 30,
			1997		1998		1999		2000		2001		2002
Earnings, as defined:
	Income before income taxes		$	133,570	$	133,806	$	137,021	$	210,701	$	189,860	$	55,035
	Adjust for distributed income of equity
		investees		(3,943)		(4,697)		(837)		(3,116)		(1,620)		(4,105)
	Equity in loss of equity method
		investments		-		458		435		186		296		156
	Minority interest in losses of majority
		owned subsidiaries		-		(125)		(37)		(1,468)		(612)		(348)
	Supplemental fixed charges, as below			72,208		72,496		74,800		75,800		86,818		67,784
		Total earnings, as defined	$	201,835	$	201,938	$	211,382	$	282,103	$	274,742	$	118,522
Fixed charges, as defined:
	Interest charges		$	60,761	$	60,677	$	62,975	$	63,339	$	75,305	$	61,488
	Preferred stock dividends of
		subsidiaries - gross up -
		IDACORP rate		7,891		8,445		8,313		8,886		8,142		3,168
	Rental interest factor			982		801		955		1,036		1,587		1,535
		Total fixed charges	$	69,634	$	69,923	$	72,243	$	73,261	$	85,034	$	66,191
	Supplemental increment to fixed
		charges*		2,574		2,573		2,557		2,539		1,784		1,593
		Total supplemental fixed charges	$	72,208	$	72,496	$	74,800	$	75,800	$	86,818	$	67,784
Supplemental ratio of earnings to fixed
	charges			2.80x		2.79x		2.83x		3.72x		3.16x		1.75x

*Explanation of increment - Interest on the guaranty of American Falls Reservoir District bonds and Milner Dam, Inc. notes which are already included in operation expenses.