Exhibit 12(c)

IDACORP, INC.
Consolidated Financial Information
Supplemental Ratio of Earnings to Combined Fixed Charges and Preferred Dividends Requirements

			Twelve Months Ended
			December 31,
			(Thousands of Dollars)
													September 30,
			2000		2001		2002		2003		2004		2005
Earnings, as defined:
	Income before income taxes		$	210,701	$	189,860	$	10,525	$	25,459	$	48,213	$	74,386
	Adjust for distributed income of equity
		investees		(3,116)		(1,620)		(2,544)		(20,536)		26,616		11,337
	Equity in loss of equity method
		investments		186		296		-		-		-		-
	Minority interest in losses of majority
		owned subsidiaries		(1,468)		(612)		(211)		(435)		(48)		-
	Supplemental fixed charges and			75,800		86,818		64,257		69,679		67,654		65,500
		Preferred dividends, as below
		Total earnings, as defined	$	282,103	$	274,742	$	72,027	$	74,167	$	142,435	$	151,223
Fixed charges, as defined:
	Interest charges		$	63,339	$	75,305	$	60,031	$	64,813	$	61,269	$	62,503
	Preferred stock dividends of
		subsidiaries - gross up -
		IDACORP rate		8,886		8,142		857		1,915		3,216		-
	Rental interest factor			1,036		1,587		1,770		1,406		1,652		1,614
		Total fixed charges	$	73,261	$	85,034	$	62,658	$	68,134	$	66,137	$	64,117
Supplemental increment to fixed charges *				2,539		1,784		1,599		1,545		1,517		1,383
Supplemental fixed charges				75,800		86,818		64,257		69,679		67,654		65,500
Preferred dividends requirements				-		-		-		-		-		-
		Total combined supplemental
			$	75,800	$	86,818	$	64,257	$	69,679	$	67,654	$	65,500
Supplemental ratio of earnings to
	combined fixed charges and preferred
	Dividends			3.72x		3.16x		1.12x		1.06x		2.11x		2.31x

*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.