Exhibit 12(e)

Idaho Power CompanyConsolidated Financial InformationSupplemental Ratio of Earnings to Fixed Charges

|                                           |                                          |                            |               | ** **                 |
|-------------------------------------------|------------------------------------------|----------------------------|---------------|----------------------------|
|                                           |                                          |                            |               | **Twelve Months Ended**    |
|                                           |                                          | ** **                 |               | **December 31,**           |
|                                           |                                          | ** **                 |               | **(Thousands of Dollars)** |
|                                           |                                          | ** **                 |               | ** **                 |
|                                           |                                          | **2006**                   |               | **2005**                   | ** ** | **2004** | ** ** | **2003** | ** ** | **2002** |
|                                           |                                          |                            |               |                            |  |  |  |  |  |  |
| Earnings, as defined:                     |                                          |                            |               |                            |  |  |  |  |  |  |  |  |  |  |
|                                           | Income before income taxes               | $                          | 137,890  |                            | $ | 115,764  |  | $ | 76,936  |  | $ | 80,319  |  | $ | 86,326 |
|                                           | 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         |               | -                     |  |  | -  |  |  | -  |  |  | -  |  |  | -  |
|                                           | Supplemental fixed charges,  as below    |                            | 62,463   |                            |  | 59,351  |  |  | 57,047  |  |  | 61,849  |  |  | 63,002  |
|                                           |                                          | Total earnings, as defined | $             | 191,006               |  | $ | 164,745  |  | $ | 135,973  |  | $ | 140,032  |  | $ | 146,784  |
|                                           |                                          |                            |               |                            |  |  |  |  |  |  |  |  |  |  |
| Fixed charges, as defined:                |                                          |                            |               |                            |  |  |  |  |  |  |  |  |  |  |
|                                           | Interest charges                         | $                          | 59,955   |                            | $ | 56,866  |  | $ | 54,297  |  | $ | 59,363  |  | $ | 60,317  |
|                                           | Rental interest factor                   |                            | 732      |                            |  | 873  |  |  | 1,233  |  |  | 941  |  |  | 1,086  |
|                                           |                                          | Total fixed charges        | $             | 60,687                |  | $ | 57,739  |  | $ | 55,530  |  |  | 60,304  |  | $ | 61,403  |
|                                           |                                          |                            |               |                            |  |  |  |  |  |  |  |  |  |  |
| Supplemental increment to  fixed charges* |                                          | 1,776                 |               |                            | 1,612  |  |  | 1,517  |  |  | 1,545  |  |  | 1,599  |
|                                           |                                          |                            |               |                            |  |  |  |  |  |  |  |  |  |  |
|                                           | Total supplemental fixed  charges        | $                          | 62,463   |                            | $ | 59,351  |  | $ | 57,047  |  | $ | 61,849  |  | $ | 63,002  |
|                                           |                                          |                            |               |                            |  |  |  |  |  |  |  |  |  |  |
| Supplemental ratio of  earnings to fixed  |                                          |                            |               |                            |  |  |  |  |  |  |  |  |  |  |
|                                           | charges                                  |                            | 3.06x         |                            |  | 2.78x |  |  | 2.38x |  |  | 2.26x |  |  | 2.33x |
|                                           |                                          |                            |               |                            |  |  |  |  |  |  |  |  |  |  |

*Explanation of increment - Interest on theguaranty of American Falls Reservoir District bonds and Milner Dam, Inc. noteswhich are already included in operation expenses.

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