Idaho Power 10-K 2006 FY Annual report

Exhibit 12(c)

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

					Twelve Months Ended
					December 31,
					(Thousands of Dollars)
				2006	2005		2004		2003		2002
Earnings, as defined:
	Income from continuing operations
		before income taxes	$	115,452	$	103,327	$	60,830	$	31,063	$	22,036
	Adjust for distributed income of equity
		investees		(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)
	Supplemental fixed charges and
		Preferred dividends, as below		67,521		65,991		67,654		69,679		64,257
		Total earnings, as defined	$	173,626	$	158,948	$	130,426	$	98,171	$	83,538
Fixed charges, as defined:
	Interest charges		$	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			1,025		1,417		1,652		1,406		1,770
		Total fixed charges	$	65,745	$	64,379	$	66,137	$	68,134	$	62,658
Supplemental increment to fixed charges *				1,776		1,612		1,517		1,545		1,599
Supplemental fixed charges				67,521		65,991		67,654		69,679		64,257
Preferred dividends requirements				-		-		-		-		-
		Total combined supplemental	$	67,521	$	65,991	$	67,654	$	69,679	$	64,257
Supplemental ratio of earnings to
	combined fixed charges and preferred
	Dividends			2.57x		2.41x		1.93x		1.41x		1.30x

*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.