Exhibit 12(d)

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

						Twelve Months Ended
				Three		December 31,
				Months Ended		(Thousands of Dollars)
				March 31,
				2007		2006	2005		2004		2003		2002
Earnings, as defined:
	Income before income taxes		$	35,634	$	137,890	$	115,764	$	76,936	$	80,319	$	86,326
	Adjust for distributed income of equity
		investees		(1,535)		(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		-		-		-		-		-		-
	Fixed charges, as below			15,450		60,687		57,739		55,530		60,304		61,403
		Total earnings, as defined	$	49,549	$	189,230	$	163.133	$	134.456	$	138,487	$	145,185
Fixed charges, as defined:
	Interest charges		$	15,257	$	59,955	$	56,866	$	54,297	$	59,363	$	60,317
	Rental interest factor			193		732		873		1,233		941		1,086
		Total fixed charges, as defined	$	15,450	$	60,687	$	57,739	$	55,530	$	60,304	$	61,403
Ratio of earnings to fixed charges				3.21x		3.12x		2.83x		2.42x		2.30x		2.36x