Exhibit 12b IDACORP, Inc Consolidated Financial Information Ratio of Earnings to Combined Fixed Charges and Preferred Dividends Requirements Twelve Months Twelve Months Ended December 31, Ended (Thousand of Dollars) June 30, 1994 1995 1996 1997 1998 1999 Earnings, as defined: Income before income taxes $101,775 $127,342 $135,247 $133,570 $133,806 $141,032 Adjust for distributed income of equity investees 326 (2,058) (1,413) (3,943) (4,697) (7,074) Equity in loss of equity method investments 0 0 0 0 458 674 Minority interest in losses of majority owned subsidiaries 0 0 0 0 (125) (143) Fixed charges, as below 66,324 70,215 70,418 69,634 69,923 71,303 Total earnings, as defined $168,425 $195,499 $204,252 $199,261 $199,365 $205,792 Fixed charges, as defined: Interest charges $ 54,433 $ 56,456 $ 57,348 $ 60,761 $ 60,677 $ 62,017 Preferred stock dividends of subsidiaries-gross up-Idacorp rate 11,097 12,834 12,079 7,891 8,445 8,344 Rental interest factor 794 925 991 982 801 942 Total fixed charges 66,324 70,215 70,418 69,634 69,923 71,303 Preferred dividends requirements 0 0 0 0 0 0 Total combined fixed charges and preferred dividends $ 66,324 $ 70,215 $ 70,418 $ 69,634 $ 69,923 $ 71,303 Ratio of earnings to combined fixed charges and preferred dividends 2.54x 2.78x 2.90x 2.86x 2.85x 2.89x