Idaho Power 10-Q 2018 Q3 Quarterly report

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)

	Nine months ended September 30,		Twelve Months Ended
			December 31,
	2018		2017		2016		2015		2014			2013
RATIO OF EARNINGS TO FIXED CHARGES
Earnings, as defined:
Income from continuing operations before income taxes	$	211,343	$	257,609	$	226,427	$	239,211	$	208,903		$	253,001
Adjust for distributed income of equity investees	10,510		13,733		12,861		1,060		(7,228		)	4,659
Fixed charges, as below	72,630		94,191		93,615		93,164		89,751			89,819
Total earnings, as defined	$	294,483	$	365,533	$	332,903	$	333,435	$	291,426		$	347,479
Fixed charges, as defined:
Interest charges (1)	$	71,520	$	92,354	$	92,006	$	91,762	$	88,034		$	88,309
Rental interest factor	1,110		1,837		1,609		1,402		1,717			1,510
Total fixed charges, as defined	$	72,630	$	94,191	$	93,615	$	93,164	$	89,751		$	89,819
Ratio of earnings to fixed charges	4.05x		3.88x		3.56x		3.58x		3.25x			3.87x
SUPPLEMENTAL RATIO OF EARNINGS TO FIXED CHARGES
Earnings, as defined:
Income from continuing operations before income taxes	$	211,343	$	257,609	$	226,427	$	239,211	$	208,903		$	253,001
Adjust for distributed income of equity investees	10,510		13,733		12,861		1,060		(7,228		)	4,659
Supplemental fixed charges, as below	72,846		94,401		93,833		93,406		90,095			90,324
Total earnings, as defined	$	294,699	$	365,743	$	333,121	$	333,677	$	291,770		$	347,984
Supplemental fixed charges:
Interest charges (1)	$	71,520	$	92,354	$	92,006	$	91,762	$	88,034		$	88,309
Rental interest factor	1,110		1,837		1,609		1,402		1,717			1,510
Supplemental increment to fixed charges (2)	216		210		218		242		344			505
Total supplemental fixed charges	$	72,846	$	94,401	$	93,833	$	93,406	$	90,095		$	90,324
Supplemental ratio of earnings to fixed charges	4.05x		3.87x		3.55x		3.57x		3.24x			3.85x
(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.