IDACORP (IDA) 10-Q 2008 Q2 Quarterly report

Exhibit 12.4
IDACORP, Inc.
Consolidated Financial Information
Supplemental Ratio of Earnings to Combined Fixed Charges and Preferred Dividends Requirements
	Six Months		Twelve Months Ended
	Ended		December 31,
	June 30,		(Thousands of Dollars)
	2008		2007		2006		2005		2004		2003
Earnings, as defined:
Income from continuing operations before income taxes	$	51,757	$	96,003	$	115,452	$	103,327	$	60,830	$	31,063
Adjust for distributed income of equity investees	7,314		6,064		(9,347)		(10,370)		1,990		(2,136)
Equity in loss of equity method investments	-		-		-		-		-		-
Minority interest in losses of majority owned
subsidiaries	-		-		-		-		(48)		(435)
Supplemental fixed charges and preferred dividends, as
below	39,837		74,631		67,521		65,991		67,654		69,679
Total earnings, as defined	$	98,908	$	176,698	$	173,626	$	158,948	$	130,426	$	98,171
Fixed charges, as defined:
Interest charges1	$	38,508	$	71,946	$	64,720	$	62,962	$	61,269	$	64,813
Preferred stock dividends of  subsidiaries - gross up -
IDACORP rate	-		-		-		-		3,216		1,915
Rental interest factor	426		933		1,025		1,417		1,652		1,406
Total fixed charges	$	38,934	$	72,879	$	65,745	$	64,379	$	66,137	$	68,134
Supplemental increment to fixed charges2	903		1,752		1,776		1,612		1,517		1,545
Supplemental fixed charges	39,837		74,631		67,521		65,991		67,654		69,679
Preferred dividends requirements	-		-		-		-		-		-
Total combined supplemental	$	39,837	$	74,631	$	67,521	$	65,991	$	67,654	$	69,679
Supplemental ratio of earnings to combined fixed charges
and preferred dividends	2.48 x		2.37 x		2.57 x		2.41 x		1.93 x		1.41 x
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.