Exhibit 12g

Idaho Power Company
Consolidated Financial Information
Supplemental Ratio of Earnings to Combined Fixed Charges and Preferred Dividends Requirements

														Twelve
				Twelve Months Ended										Months
				December 31,										Ended
				(Thousands of Dollars)										March 31,
				1998		1999		2000		2001		2002		2003
Earnings, as defined:
	Income from continuing operations
		before income taxes		$	133,021	$	119,872	$	128,139	$	48,250	$	86,326	$	72,108
	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			476		-		-		-		-		-
	Minority interest in losses of majority
		owned subsidiaries			(125)		-		-		-		-		-
	Supplemental fixed charges, and				63,967		65,526		61,372		66,748		63,002		62,950
		Preferred dividends, as below
		Total earnings, as defined		$	192,642	$	184,561	$	186,395	$	113,378	$	146,784	$	124,749
Fixed charges, as defined:
	Interest charges			$	60,593	$	62,014	$	57,797	$	64,002	$	60,317	$	60,332
	Rental interest factor				801		955		1,036		962		1,086		1,010
		Total fixed charges		$	61,394	$	62,969	$	58,833	$	64,964	$	61,403	$	61,342
Supplemental increment to fixed charges*					2,573		2,557		2,539		1,784		1,599		1,608
Supplemental fixed charges					63,967		65,526		61,372		66,748		63,002		62,950
Preferred stock dividends - gross up Idaho
	Power rate				8,275		8,133		9,564		9,033		4,456		3,670
		Total combined supplemental
			fixed charges and preferred
			dividends	$	72,242	$	73,659	$	70,936	$	75,781	$	67,458	$	66,620
Supplemental ratio of earnings to
	combined fixed charges and preferred
	dividends				2.67x		2.51x		2.63x		1.50x		2.18x		1.87x

*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.