Exhibit 12(d)

Idaho Power Company
Consolidated Financial Information
Ratio of Earnings to Fixed Charges

			Twelve Months Ended
			December 31,
			(Thousands of Dollars)
													September 30,
			2000		2001		2002		2003		2004		2005
Earnings, as defined:
	Income from continuing operations
		before income taxes	$	128,139	$	48,250	$	86,326	$	80,319	$	76,936	$	115,144
	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		-		-		-		-		-		-
	Minority interest in losses of majority
		owned subsidiaries		-		-		-		-		-		-
	Fixed charges, as below			58,833		64,964		61,403		60,304		55,530		57,788
		Total earnings, as defined	$	183,856	$	111,594	$	145,185	$	120,087	$	159,082	$	184,269
Fixed charges, as defined:
	Interest charges		$	57,797	$	64,002	$	60,317	$	59,363	$	54,297	$	56,833
	Rental interest factor			1,036		962		1,086		941		1,233		955
		Total fixed charges, as defined	$	58,833	$	64,964	$	61,403	$	60,304	$	55,530	$	57,788
Ratio of earnings to fixed charges				3.13x		1.72x		2.36x		1.99x		2.86x		3.19x