Exhibit 12(c)

IDACORP, INC.Consolidated Financial InformationSupplemental Ratio of Earnings to Combined Fixed Charges and PreferredDividends Requirements
|                                       |                                     | ** **                     | ** **   |
|--------------------------------------------|------------------------------------------|--------------------------------|--------------|
|                                       |                                     | **Twelve Months Ended**        | ** **   |
|                                       |                                     | **December 31,**               | ** **   |
|                                       |                                     | **(Thousands of Dollars)**     | ** **   |
|                                       |                                     | ** **                     | ** **   |
|                                       |                                     | **2001**                       | ** **   | **2002** | ** ** | **2003** | ** ** | **2004** |   | **2005** |
|                                       |                                     |                           |         |   |   |   |   |   |   |   |
| Earnings,  as defined:                     |                                     |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       | Income  before income taxes              |                           | $            | 189,860  |   | $ | 10,525  |   | $ | 25,459  |   | $ | 48,213  |   | $ | 76,582 |
|                                       | Adjust  for distributed income of equity |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       |                                     | investees                      |         |   | (1,620) |   |   | (2,544) |   |   | (20,536) |   |   | 26,616  |   |   | 4,069 |
|                                       | Equity  in loss of equity method         |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       |                                     | investments                    |         |   | 296  |   |   | -  |   |   | -  |   |   | -  |   |   | - |
|                                       | Minority  interest in losses of majority |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       |                                     | owned  subsidiaries            |         |   | (612) |   |   | (211) |   |   | (435) |   |   | (48) |   |   | - |
|                                       | Supplemental  fixed charges and          |                           |         | 86,818  |   |   | 64,257  |   |   | 69,679  |   |   | 67,654  |   |   | 65,991 |
|                                       |                                     | Preferred  dividends, as below |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       |                                     | Total  earnings, as defined    |         | $ | 274,742  |   | $ | 72,027  |   | $ | 74,167  |   | $ | 142,435  |   | $ | 146,642 |
|                                       |                                     |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed  charges, as defined:                |                                     |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       | Interest  charges                        |                           | $            | 75,305  |   | $ | 60,031  |   | $ | 64,813  |   | $ | 61,269  |   | $ | 62,962 |
|                                       | Preferred  stock dividends of            |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       |                                     | subsidiaries  - gross up -     |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       |                                     | IDACORP  rate                  |         |   | 8,142  |   |   | 857  |   |   | 1,915  |   |   | 3,216  |   |   | - |
|                                       | Rental  interest factor                  |                           |         | 1,587  |   |   | 1,770  |   |   | 1,406  |   |   | 1,652  |   |   | 1,417 |
|                                       |                                     | Total  fixed charges           |         | $ | 85,034  |   | $ | 62,658  |   | $ | 68,134  |   | $ | 66,137  |   | $ | 64,379 |
|                                       |                                     |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Supplemental  increment to fixed charges * |                                     |                           | 1,784   |   |   | 1,599  |   |   | 1,545  |   |   | 1,517  |   |   | 1,612 |
|                                       |                                     |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Supplemental  fixed charges                |                                     |                           | 86,818  |   |   | 64,257  |   |   | 69,679  |   |   | 67,654  |   |   | 65,991 |
| Preferred  dividends requirements          |                                     |                           | -       |   |   | -  |   |   | -  |   |   | -  |   |   | - |
|                                       |                                     |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       |                                     | Total  combined supplemental   |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       |                                     |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       |                                     |                           |         |   | $ | 86,818  |   | $ | 64,257  |   | $ | 69,679  |   | $ | 67,654  |   | $ | 65,991 |
|                                       |                                     |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Supplemental  ratio of earnings to         |                                     |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       | combined  fixed charges and preferred    |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       | Dividends                                |                           |         | 3.16x |   |   | 1.12x |   |   | 1.06x |   |   | 2.11x |   |   | 2.22x |
|                                       |                                     |                           |         |   |   |   |   |   |   |   |   |   |   |   |   |
|                                            |                                          |                                |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

*Explanationof increment - Interest on the guaranty of American Falls Reservoir Districtbonds and Milner Dam, Inc. notes which are already included in operationexpenses.