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**Exhibit 12.2**                                                                                |
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| **IDACORP, Inc.**                                                                                                       |
| **Consolidated Financial  Information**                                                                                 |
| **Supplemental Ratio of  Earnings to Fixed Charges**                                                                    |
|                                                                                                                         |
|                                                                                                                         | **Twelve Months Ended** |
|                                                                                                                         | **December 31,** |
|                                                                                                                         | **(Thousands of Dollars)** |
|                                                                                                                         |
| ** **                                                                                                              | **2009** | **2008** | **2007** | **2006** | **2005** |
|                                                                                                                         |  |  |  |  |  |
| Earnings, as defined:                                                                                                   |  |  |  |  |  |
|                                                                                                                         |  |  |  |  |  |
| Income from continuing operations  before income taxes                                                                  |  $ | 146,737  |  $ | 117,614  |  $ | 96,003  |  $ | 115,452  |  $ | 103,327  |
| Adjust for distributed income of  equity investees                                                                      | 13,724  | 5,176  | 6,064  | (9,347) | (10,370) |
| Equity in loss of equity method  investments                                                                            | -  | -  | -  | -  | -  |
| Minority interest in losses of  majority owned                                                                          |  |  |  |  |  |
| subsidiaries                                                                                                            | -  | -  | -  | -  | -  |
| Supplemental fixed charges, as below                                                                                    | 80,946  | 82,962  | 74,631  | 67,521  | 65,991  |
| Total earnings, as defined                                                                                              |  $ | 241,407  |  $ | 205,752  |  $ | 176,698  |  $ | 173,626  |  $ | 158,948  |
|                                                                                                                         |  |  |  |  |  |
| Fixed charges, as defined:                                                                                              |  |  |  |  |  |
|                                                                                                                         |  |  |  |  |  |
| Interest charges1                                                                                                       |  $ | 78,457  |  $ | 80,282  |  $ | 71,946  |  $ | 64,720  |  $ | 62,962  |
| Preferred stock dividends of   subsidiaries - gross up -                                                           |  |  |  |  |  |
| IDACORP rate                                                                                                            | -  | -  | -  | -  | -  |
| Rental interest factor                                                                                                  | 1,004  | 890  | 933  | 1,025  | 1,417  |
| Total fixed charges, as defined                                                                                         |  $ | 79,461  |  $ | 81,172  |  $ | 72,879  |  $ | 65,745  |  $ | 64,379  |
|                                                                                                                         |  |  |  |  |  |
| Supplemental increment to fixed charges2                                                                                | 1,485  | 1,790  | 1,752  | 1,776  | 1,612  |
|                                                                                                                         |  |  |  |  |  |
| Total supplemental fixed charges                                                                                        |  $ | 80,946  |  $ | 82,962  |  $ | 74,631  |  $ | 67,521  |  $ | 65,991  |
|                                                                                                                         |  |  |  |  |  |
| Ratio of earnings to fixed charges                                                                                      | 2.98 x | 2.48 x | 2.37 x | 2.57 x | 2.41 x |
|                                                                                                                         |  |  |  |  |  |
| 1 FIN 48 interest is not included in  interest charges.                                                                 |  |  |  |  |  |
| 2 Explanation of increment - Interest  on the guaranty of American Falls Reservoir District bonds and Milner Dam,  Inc. |
| notes which are already  included in operation expenses.                                                                |

 

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