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)
			2001		2002		2003		2004		2005
Earnings, as defined:
	Income before income taxes		$	189,860	$	10,525	$	25,459	$	48,213	$	76,582
	Adjust for distributed income of equity
		investees		(1,620)		(2,544)		(20,536)		26,616		4,069
	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
		Total earnings, as defined	$	272,958	$	70,428	$	72,622	$	140,918	$	145,030
Fixed charges, as defined:
	Interest charges		$	75,305	$	60,031	$	64,813	$	61,269	$	62,962
	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
		Total fixed charges	$	85,034	$	62,658	$	68,134	$	66,137	$	64,379
	Preferred dividends requirements			-		-		-		-
		Total combined fixed charges	$	85,034	$	62,658	$	68,134	$	66,137	$	64,379
Ratio of earnings to combined fixed
	charges and preferred dividends			3.21x		1.12x		1.07x		2.13x		2.25x