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)** |
|                                            |                                          | ** **                     |              | ** **                 |
|                                            |                                          | **2006**                       |              | **2005**                   | ** ** | **2004** | ** ** | **2003** | ** ** | **2002** |
|                                            |                                          |                                |              |                            |  |  |  |  |  |  |
| Earnings, as defined:                      |                                          |                                |              |                            |  |  |  |  |  |  |  |  |  |  |
|                                            | Income from continuing  operations       |                                |              |                            |  |  |  |  |  |  |  |  |  |  |  |
|                                            |                                          | before income taxes            | $            | 115,452               |  | $ | 103,327  |  | $ | 60,830  |  | $ | 31,063  |  | $ | 22,036  |
|                                            | Adjust for distributed  income of equity |                                |              |                            |  |  |  |  |  |  |  |  |  |  |  |
|                                            |                                          | investees                      |              | (9,347)                    |  |  | (10,370) |  |  | 1,990  |  |  | (2,136) |  |  | (2,544) |
|                                            | Equity in loss of equity  method         |                                |              |                            |  |  |  |  |  |  |  |  |  |  |  |
|                                            |                                          | investments                    |              | -                     |  |  | -  |  |  | -  |  |  | -  |  |  | -  |
|                                            | Minority interest in losses  of majority |                                |              |                            |  |  |  |  |  |  |  |  |  |  |  |
|                                            |                                          | owned subsidiaries             |              | -                     |  |  | -  |  |  | (48) |  |  | (435) |  |  | (211) |
|                                            | Supplemental fixed charges  and          |                                |              |                            |  |  |  |  |  |  |  |  |  |  |  |
|                                            |                                          | Preferred dividends, as  below |              | 67,521                |  |  | 65,991  |  |  | 67,654  |  |  | 69,679  |  |  | 64,257  |
|                                            |                                          | Total earnings, as defined     | $            | 173,626               |  | $ | 158,948 |  | $ | 130,426  |  | $ | 98,171  |  | $ | 83,538  |
|                                            |                                          |                                |              |                            |  |  |  |  |  |  |  |  |  |  |
| Fixed charges, as defined:                 |                                          |                                |              |                            |  |  |  |  |  |  |  |  |  |  |
|                                            | Interest charges                         | $                              | 64,720  |                            | $ | 62,962 |  | $ | 61,269  |  | $ | 64,813  |  | $ | 60,031  |
|                                            | Preferred stock dividends of             |                                |              |                            |  |  |  |  |  |  |  |  |  |  |  |
|                                            |                                          | subsidiaries - gross up -      |              |                            |  |  |  |  |  |  |  |  |  |  |  |  |
|                                            |                                          | IDACORP rate                   |              | -                     |  |  | - |  |  | 3,216  |  |  | 1,915  |  |  | 857  |
|                                            | Rental interest factor                   |                                | 1,025   |                            |  | 1,417 |  |  | 1,652  |  |  | 1,406  |  |  | 1,770  |
|                                            |                                          | Total fixed charges            | $            | 65,745                |  | $ | 64,379 |  | $ | 66,137  |  | $ | 68,134  |  | $ | 62,658  |
|                                            |                                          |                                |              |                            |  |  |  |  |  |  |  |  |  |  |
| Supplemental increment to  fixed charges * |                                          | 1,776                     |              |                            | 1,612 |  |  | 1,517  |  |  | 1,545  |  |  | 1,599  |
|                                            |                                          |                                |              |                            |  |  |  |  |  |  |  |  |  |  |
| Supplemental fixed charges                 |                                          | 67,521                    |              |                            | 65,991 |  |  | 67,654  |  |  | 69,679  |  |  | 64,257  |
| Preferred dividends  requirements          |                                          | -                         |              |                            | - |  |  | -  |  |  | -  |  |  | -  |
|                                            |                                          |                                |              |                            |  |  |  |  |  |  |  |  |  |  |
|                                            |                                          | Total combined supplemental    | $            | 67,521                |  | $ | 65,991 |  | $ | 67,654  |  | $ | 69,679  |  | $ | 64,257  |
|                                            |                                          |                                |              |                            |  |  |  |  |  |  |  |  |  |  |
| Supplemental ratio of  earnings to         |                                          |                                |              |                            |  |  |  |  |  |  |  |  |  |  |
|                                            | combined fixed charges and  preferred    |                                |              |                            |  |  |  |  |  |  |  |  |  |  |  |
|                                            | Dividends                                |                                | 2.57x        |                            |  | 2.41x |  |  | 1.93x |  |  | 1.41x |  |  | 1.30x |
|                                            |                                          |                                |              |                            |  |  |  |  |  |  |  |  |  |  |

*Explanation of increment -Interest on the guaranty of American Falls Reservoir District bonds and MilnerDam, Inc. notes which are already included in operation expenses.

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