IDACORP (IDA) 10-Q 2006 Q2 Quarterly report

Exhibit 12(a)

IDACORP, INC.
Consolidated Financial Information
Supplemental Ratio of Earnings to Fixed Charges

					Twelve Months Ended
				Six months	December 31,
				ended	(Thousands of Dollars)
				June 30,
				2006	2005		2004		2003		2002		2001
Earnings, as defined:
	Income from continuing operations
		before income taxes	$	64,955	$	103,327	$	60,830	$	31,063	$	22,036	$	206,972
	Adjust for distributed income of equity
		investees		(3,804)		(10,370)		1,990		(2,136)		(2,544)		(1,620)
	Equity in loss of equity method
		investments		-		-		-		-		-		296
	Minority interest in losses of majority
		owned subsidiaries		-		-		(48)		(435)		(211)		(612)
	Supplemental fixed charges, as below			33,788		65,991		67,654		69,679		64,257		86,818
		Total earnings, as defined	$	94,939	$	158,948	$	130,426	$	98,171	$	83,538	$	291,854
Fixed charges, as defined:
	Interest charges		$	32,274	$	62,962	$	61,269	$	64,813	$	60,031	$	75,305
	Preferred stock dividends of
		subsidiaries - gross up -
		IDACORP rate		-		-		3,216		1,915		857		8,142
	Rental interest factor			642		1,417		1,652		1,406		1,770		1,587
		Total fixed charges	$	32,916	$	64,379	$	66,137	$	68,134	$	62,658	$	85,034
	Supplemental increment to fixed
		charges *		872		1,612		1,517		1,545		1,599		1,784
		Total supplemental fixed charges	$	33,788	$	65,991	$	67,654	$	69,679	$	64,257	$	86,818
Supplemental ratio of earnings to fixed
	Charges			2.81x		2.41x		1.93x		1.41x		1.30x		3.36x

* 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.