Exhibit 12(d)

Idaho Power CompanyConsolidated Financial InformationRatio of Earnings to Fixed Charges
|                                |                                     | ** **                       |       |
|-------------------------------------|------------------------------------------|----------------------------------|------------|
|                                |                                     | **Twelve Months Ended**          |       |
|                                |                                     | **December 31,**                 |       |
|                                |                                     | **(Thousands of Dollars)**       |       |
|                                |                                     | ** **                       |       |
|                                |                                     | **2001**                         | ** ** | **2002** | ** ** | **2003** | ** ** | **2004** |   | **2005** |
|                                |                                     | ** **                       | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |   |   |
| Earnings,  as defined:              |                                     |                             |       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                | Income  from continuing operations       |                             |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                |                                     | before  income taxes             |       | $ | 48,250  |   | $ | 86,326  |   | $ | 80,319  |   | $ | 76,936  |   | $ | 115,764 |
|                                | Adjust  for distributed income of equity |                             |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                |                                     | investees                        |       |   | (1,620) |   |   | (2,544) |   |   | (20,536) |   |   | 26,616  |   |   | 4,069 |
|                                | Equity  in loss of equity method         |                             |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                |                                     | investments                      |       |   | -  |   |   | -  |   |   | -  |   |   | -  |   |   | - |
|                                | Minority  interest in losses of majority |                             |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                |                                     | owned  subsidiaries              |       |   | -  |   |   | -  |   |   | -  |   |   | -  |   |   | - |
|                                | Fixed  charges, as below                 |                             |       | 64,964  |   |   | 61,403  |   |   | 60,304  |   |   | 55,530  |   |   | 57,739 |
|                                |                                     | Total  earnings, as defined      |       | $ | 111,594  |   | $ | 145,185  |   | $ | 120,087  |   | $ | 159,082  |   | $ | 177,572 |
|                                |                                     |                             |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed  charges, as defined:         |                                     |                             |       |   |   |   |   |   |   |   |   |   |   |   |   |
|                                | Interest  charges                        |                             | $          | 64,002  |   | $ | 60,317  |   | $ | 59,363  |   | $ | 54,297  |   | $ | 56,866 |
|                                | Rental  interest factor                  |                             |       | 962  |   |   | 1,086  |   |   | 941  |   |   | 1,233  |   |   | 873 |
|                                |                                     | Total  fixed charges, as defined |       | $ | 64,964  |   | $ | 61,403  |   | $ | 60,304  |   | $ | 55,530  |   | $ | 57,739 |
|                                |                                     |                             |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio  of earnings to fixed charges |                                     |                             | 1.72x      |   |   | 2.36x |   |   | 1.99x |   |   | 2.86x |   |   | 3.08x |
|                                |                                     |                             |       |   |   |   |   |   |   |   |   |   |   |   |   |
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