Exhibit 12a

IDACORP, INC.Consolidated Financial InformationSupplemental Ratio of Earnings to Fixed Charges
|                                     |                                     |                              |
|------------------------------------------|------------------------------------------|-----------------------------------|
|                                     |                                     | **Twelve Months Ended**           |
|                                     |                                     | **December 31,**                  |
|                                     |                                     | **(Thousands of Dollars)**        |
|                                     |                                     |                              |   |   |
|                                     |                                     | **1998**                          |   | **1999** |   | **2000** |   | **2001** |   | **2002** |   | **2003** |
|                                     |                                     |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Earnings,  as defined:                   |                                     |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     | Income  before income taxes              |                              | $ | 133,806  |   | $ | 137,021  |   | $ | 210,701  |   | $ | 189,860  |   | $ | 10,525  |   | $ | 25,459  |
|                                     | Adjust  for distributed income of equity |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |                                     | investees                         |   |   | (4,697) |   |   | (837) |   |   | (3,116) |   |   | (1,620) |   |   | (2,544) |   |   | (20,536) |
|                                     | Equity  in loss of equity method         |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |                                     | investments                       |   |   | 458  |   |   | 435  |   |   | 186  |   |   | 296  |   |   | -  |   |   | -  |
|                                     | Minority  interest in losses of majority |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |                                     | owned  subsidiaries               |   |   | (125) |   |   | (37) |   |   | (1,468) |   |   | (612) |   |   | (211) |   |   | (435) |
|                                     | Supplemental  fixed charges, as below    |                              |   | 72,496  |   |   | 74,800  |   |   | 75,800  |   |   | 86,818  |   |   | 64,257  |   |   | 69,679  |
|                                     |                                     | Total  earnings, as defined       |   | $ | 201,938  |   | $ | 211,382  |   | $ | 282,103  |   | $ | 274,742  |   | $ | 72,027  |   | $ | 74,167  |
|                                     |                                     |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed  charges, as defined:              |                                     |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     | Interest  charges                        |                              | $ | 60,677  |   | $ | 62,975  |   | $ | 63,339  |   | $ | 75,305  |   | $ | 60,031  |   | $ | 64,813  |
|                                     | Preferred  stock dividends of            |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |                                     | subsidiaries  - gross up -        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |                                     | IDACORP  rate                     |   |   | 8,445  |   |   | 8,313  |   |   | 8,886  |   |   | 8,142  |   |   | 857  |   |   | 1,915  |
|                                     | Rental  interest factor                  |                              |   | 801  |   |   | 955  |   |   | 1,036  |   |   | 1,587  |   |   | 1,770  |   |   | 1,406  |
|                                     |                                     | Total  fixed charges              |   | $ | 69,923  |   | $ | 72,243  |   | $ | 73,261  |   | $ | 85,034  |   | $ | 62,658  |   | $ | 68,134  |
|                                     |                                     |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     | Supplemental  increment to fixed         |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |                                     | charges  (A)                      |   |   | 2,573  |   |   | 2,557  |   |   | 2,539  |   |   | 1,784  |   |   | 1,599  |   |   | 1,545  |
|                                     |                                     |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     |                                     | Total  supplemental fixed charges |   | $ | 72,496  |   | $ | 74,800  |   | $ | 75,800  |   | $ | 86,818  |   | $ | 64,257  |   | $ | 69,679  |
|                                     |                                     |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Supplemental  ratio of earnings to fixed |                                     |                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                     | Charges  (B)                             |                              |   | 2.79x |   |   | 2.83x |   |   | 3.72x |   |   | 3.16x |   |   | 1.12x |   |   | 1.06x |
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* Explanation of increment - Interest on the guaranty of American FallsReservoir District bonds and Milner Dam, Inc. notes which are already includedin operation expenses.