Ex12d Idaho Power Company Consolidated Financial Information Ratio of Earnings to Fixed Charges Twelve Months Twelve Months Ended December 31, Ended (Thousands of Dollars) March 31, 1995 1996 1997 1998 1999 2000 Earnings, as defined: Income before income taxes $ 135,333 $ 142,710 $ 138,746 $ 140,984 $ 143,078 $ 150,462 Adjust for distributed income of equity investees (2,058) (1,413) (3,943) (4,697) (837) (4,734) Equity in loss of equity method investments 0 0 0 476 0 0 Minority interest in losses of majority owned subsidiaries 0 0 0 (125) 0 0 Fixed charges, as below 57,381 58,339 61,743 61,394 62,969 62,070 Total earnings, as defined $ 190,656 $ 199,636 $ 196,546 $ 198,032 $ 205,210 $ 207,798 Fixed charges, as defined: Interest charges $ 56,456 $ 57,348 $ 60,761 $ 60,593 $ 62,014 $ 61,102 Rental interest factor 925 991 982 801 955 968 Total fixed charges, as defined $ 57,381 $ 58,339 $ 61,743 $ 61,394 $ 62,969 $ 62,070 Ratio of earnings to fixed charges 3.32x 3.42x 3.18x 3.23x 3.26x 3.35x