Exhibit 12(b)

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

			Twelve Months Ended
			December 31,
			(Thousands of Dollars)
													March 31,
			2001		2002		2003		2004		2005		2006
Earnings, as defined:
	Income before income taxes		$	189,860	$	10,525	$	25,459	$	48,213		76,582	$	84,222
	Adjust for distributed income of equity
		investees		(1,620)		(2,544)		(20,536)		26,616		4,069		(5,220)
	Equity in loss of equity method
		investments		296		-		-		-		-		-
	Minority interest in losses of majority
		owned subsidiaries		(612)		(211)		(435)		(48)		-		-
	Fixed charges, as below			85,034		62,658		68,134		66,137		64,379		65,080
		Total earnings, as defined		272,958	$	70,428	$	72,622	$	140,918		145,030	$	144,082
Fixed charges, as defined:
	Interest charges		$	75,305	$	60,031	$	64,813	$	61,269		62,962	$	63,715
	Preferred stock dividends of
		subsidiaries - gross up -
		IDACORP rate		8,142		857		1,915		3,216		-		-
	Rental interest factor			1,587		1,770		1,406		1,652		1,417		1,365
		Total fixed charges	$	85,034	$	62,658	$	68,134	$	66,137		64,379	$	65,080
	Preferred dividends requirements			-		-		-		-		-		-
		Total combined fixed charges	$	85,034	$	62,658	$	68,134	$	66,137		64,379	$	65,080
Ratio of earnings to combined fixed
	charges and preferred dividends			3.21x		1.12x		1.07x		2.13x		2.25x		2.21x