Ex12d Idaho Power Company Consolidated Financial Information Ratio of Earnings to Fixed Charges Twelve Months Twelve Months Ended December 31, Ended (Thousands of Dollars) September 30, 1994 1995 1996 1997 1998 1999 Earnings, as defined: Income before income taxes $ 109,173 $ 135,333 $ 142,710 $ 138,746 $ 140,984 $ 145,745 Adjust for distributed income of equity investees 326 (2,058) (1,413) (3,943) (4,697) (3,431) Equity in loss of equity method investments 0 0 0 0 476 0 Minority interest in losses of majority owned subsidiaries 0 0 0 0 (125) 0 Fixed charges, as below 55,227 57,381 58,339 61,743 61,394 62,178 Total earnings, as defined $ 164,726 $ 190,656 $ 199,636 $ 196,546 $ 198,032 $ 204,492 Fixed charges, as defined: Interest charges $ 54,433 $ 56,456 $ 57,348 $ 60,761 $ 60,593 $ 61,221 Rental interest factor 794 925 991 982 801 957 Total fixed charges, as defined $ 55,227 $ 57,381 $ 58,339 $ 61,743 $ 61,394 $ 62,178 Ratio of earnings to fixed charges 2.98x 3.32x 3.42x 3.18x 3.23x 3.29x