Exhibit 12(d)

Idaho Power CompanyConsolidated Financial InformationRatio 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               |               | -                     |  |  | -  |  |  | -  |  |  | -  |  |  | -  |
|                                     | Fixed charges, as below                  |                                  | 60,687   |                            |  | 57,739  |  |  | 55,530  |  |  | 60,304  |  |  | 61,403  |
|                                     |                                          | Total earnings, as defined       | $             | 189,230               |  | $ | 163.133  |  | $ | 134.456  |  | $ | 138,487  |  | $ | 145,185  |
|                                     |                                          |                                  |               |                            |  |  |  |  |  |  |  |  |  |  |
| 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, as  defined | $             | 60,687                |  | $ | 57,739  |  | $ | 55,530  |  | $ | 60,304  |  | $ | 61,403  |
|                                     |                                          |                                  |               |                            |  |  |  |  |  |  |  |  |  |  |
| Ratio of earnings to fixed  charges |                                          | 3.12x                            |               |                            | 2.83x |  |  | 2.42x |  |  | 2.30x |  |  | 2.36x |
|                                     |                                          |                                  |               |                            |  |  |  |  |  |  |  |  |  |  |

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