Exhibit 12(b)

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

							Twelve Months Ended
				Three			December 31,
				Months Ended			(Thousands of Dollars)
				March 31,
				2007		2006	2005		2004		2003		2002
Earnings, as defined:
	Income from continuing operations
		before income taxes	$	29,478	$	115,452	$	103,327	$	60,830		31,063		22,036
	Adjust for distributed income of equity
		investees		1,326		(9,347)		(10,370)		1,990		(2,136)		(2,544)
	Equity in loss of equity method
		investments		-		-		-		-		-		-
	Minority interest in losses of majority
		owned subsidiaries		-		-		-		(48)		(435)		(211)
	Fixed charges, as below			16,893		65,745		64,379		66,137		68,134		62,658
		Total earnings, as defined	$	47,697	$	171,850	$	157,336	$	128,909		96,626		81,939
Fixed charges, as defined:
	Interest charges		$	16,691	$	64,720	$	62,962	$	61,269		64,813		60,031
	Preferred stock dividends of
		subsidiaries - gross up -
		IDACORP rate		-		-		-		3,216		1,915		857
	Rental interest factor			202		1,025		1,417		1,652		1,406		1,770
		Total fixed charges	$	16,893	$	65,745	$	64,379		66,137		68,134		62,658
	Preferred dividends requirements			-		-		-		-		-		-
		Total combined fixed charges	$	16,893	$	65,745	$	64,379	$	66,137		68,134		62,658
Ratio of earnings to combined fixed
	charges and preferred dividends			2.82x		2.61x		2.44x		1.95x		1.42x		1.31x