Exhibit 12.2

Idaho Power Company

Consolidated Financial Information

Ratio of Earnings to Fixed Charges and Supplemental Ratio of Earnings to Fixed Charges

(Thousands of Dollars)

	Twelve Months Ended
	December 31,
	2014			2013		2012		2011			2010
RATIO OF EARNINGS TO FIXED CHARGES
Earnings, as defined:
Income from continuing operations before income taxes	$	208,903		$	253,001	$	204,138	$	123,351		$	151,347
Adjust for distributed income of equity investees	(7,228		)	4,659		8,509		(9,018		)	(6,526		)
Fixed charges, as below	89,751			89,819		87,162		86,249			85,579
Total earnings, as defined	$	291,426		$	347,479	$	299,809	$	200,582		$	230,400
Fixed charges, as defined:
Interest charges1	$	88,034		$	88,309	$	85,359	$	84,626		$	84,651
Rental interest factor	1,717			1,510		1,803		1,623			928
Total fixed charges, as defined	$	89,751		$	89,819	$	87,162	$	86,249		$	85,579
Ratio of earnings to fixed charges	3.25x			3.87x		3.44x		2.33x			2.69x
SUPPLEMENTAL RATIO OF EARNINGS TO FIXED CHARGES
Earnings, as defined:
Income from continuing operations before income taxes	$	208,903		$	253,001	$	204,138	$	123,351		$	151,347
Adjust for distributed income of equity investees	(7,228		)	4,659		8,509		(9,018		)	(6,526		)
Supplemental fixed charges, as below	90,095			90,324		87,793		87,035			86,643
Total earnings, as defined	$	291,770		$	347,984	$	300,440	$	201,368		$	231,464
Supplemental fixed charges:
Interest charges1	$	88,034		$	88,309	$	85,359	$	84,626		$	84,651
Rental interest factor	1,717			1,510		1,803		1,623			928
Supplemental increment to fixed charges2	344			505		631		786			1,064
Total supplemental fixed charges	$	90,095		$	90,324	$	87,793	$	87,035		$	86,643
Supplemental ratio of earnings to fixed charges	3.24x			3.85x		3.42x		2.31x			2.67x
1 FIN 48 interest is not included in interest charges.
2 Explanation of increment - Interest on the guaranty of American Falls Reservoir District bonds and Milner Dam, Inc. notes which are already included in operation expenses.