Exhibit 12a

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

													Twelve
			Twelve Months Ended										Months
			December 31,										Ended
			(Thousands of Dollars)										March 31,
			1998		1999		2000		2001		2002		2003
Earnings, as defined:
	Income before income taxes		$	133,806	$	137,021	$	210,701	$	189,860	$	10,525	$	(26,572)
	Adjust for distributed income of equity
		investees		(4,697)		(837)		(3,116)		(1,620)		(2,544)		(10,309)
	Equity in loss of equity method
		investments		458		435		186		296		-		-
	Minority interest in losses of majority
		owned subsidiaries		(125)		(37)		(1,468)		(612)		(211)		(232)
	Supplemental fixed charges, as below			72,496		74,800		75,800		86,818		64,257		66,610
		Total earnings, as defined	$	201,938	$	211,382	$	282,103	$	274,742	$	72,027	$	29,497
Fixed charges, as defined:
	Interest charges		$	60,677	$	62,975	$	63,339	$	75,305	$	60,031	$	66,269
	Preferred stock dividends of
		subsidiaries - gross up -
		IDACORP rate		8,445		8,313		8,886		8,142		857		(3,049)
	Rental interest factor			801		955		1,036		1,587		1,770		1,782
		Total fixed charges	$	69,923	$	72,243	$	73,261	$	85,034	$	62,658	$	65,002
	Supplemental increment to fixed
		charges*		2,573		2,557		2,539		1,784		1,599		1,608
		Total supplemental fixed charges	$	72,496	$	74,800	$	75,800	$	86,818	$	64,257	$	66,610
Supplemental ratio of earnings to fixed
	charges			2.79x		2.83x		3.72x		3.16x		1.12x		0.44x

*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.