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)
													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)		-
	Fixed charges, as below			73,261		85,034		62,658		68,134		66,137		64,117
		Total earnings, as defined		279,564	$	272,958	$	70,428	$	72,622	$	140,918	$	149,840
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
	Preferred dividends requirements			-		-		-		-		-		-
		Total combined fixed charges	$	73,261	$	85,034	$	62,658	$	68,134	$	66,137	$	64,117
Ratio of earnings to combined fixed
	charges and preferred dividends			3.82x		3.21x		1.12x		1.07x		2.13x		2.34x