Exhibit 12.2
IDACORP, Inc.
Consolidated Financial Information
Supplemental Ratio of Earnings to Fixed Charges
		Three Months		Twelve Months Ended
		Ended		December 31,
		March 31,		(Thousands of Dollars)
		2009		2008		2007		2006		2005		2004
Earnings, as defined:
Income from continuing operations before income taxes		$	25,482	$	117,614	$	96,003	$	115,452	$	103,327	$	60,830
Adjust for distributed income of equity investees		3,238		5,176		6,064		(9,347)		(10,370)		1,990
Equity in loss of equity method investments		-		-		-		-		-		-
Minority interest in losses of majority owned
subsidiaries		-		-		-		-		-		(48)
Supplemental fixed charges, as below		19,159		82,962		74,631		67,521		65,991		67,654
Total earnings, as defined		$	47,879	$	205,752	$	176,698	$	173,626	$	158,948	$	130,426
Fixed charges, as defined:
Interest charges1		$	18,563	$	80,282	$	71,946	$	64,720	$	62,962	$	61,269
Preferred stock dividends of  subsidiaries - gross up -
IDACORP rate		-		-		-		-		-		3,216
Rental interest factor		202		890		933		1,025		1,417		1,652
Total fixed charges, as defined		$	18,765	$	81,172	$	72,879	$	65,745	$	64,379	$	66,137
Supplemental increment to fixed charges2		394		1,790		1,752		1,776		1,612		1,517
Total supplemental fixed charges		$	19,159	$	82,962	$	74,631	$	67,521	$	65,991	$	67,654
Ratio of earnings to fixed charges		2.50  x		2.48  x		2.37  x		2.57  x		2.41  x		1.93  x
1 FIN 48 interest is not included in interest charges.
2 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.