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Obama promises to boost nuclear power January 29, 2010

Posted by cleanidahoenergy in balanced approach, Barack Obama, economic benefits, Energy policy, Politics and nuclear, President Obama.
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President Obama appears to be warming to nuclear power in a big way. In his state of the union speech this week, he said “to create more of these clean energy jobs, we need more production, more efficiency, more incentives. And that means building a new generation of safe, clean nuclear power plants in this country.”

Obama stated his support for nuclear power while campaigning, and several times since then. Today, however, his administration said it will press for $54 billion in new loan guarantees for new plants. Loan guarantees have proven the least costly form of energy assistance – so far, the government hasn’t had to pay any for nuclear plants – and give private investors some assurance. That’s needed in the face of excessive and unreasonable opposition to nuclear power, which drives up costs.

Last week, Obama issued an executive order to reduce national greenhouse gas emissions 28 percent by 2020. The only way to do that and keep our economy healthy is with an all-of-the-above approach embracing conservation, renewables, clean fossil and nuclear.

Obama appears to be backing up his words with specific financial proposals and that is most welcome. Another $54 billion would greatly assist utilities and private investors companies, such as ours, move forward on our plans to keep clean, reliable, secure nuclear energy a vital part of America’s infrastructure.

AEHI’s second Idaho nuclear site gets boost from Elmore County P&Z January 25, 2010

Posted by cleanidahoenergy in AEHI, approval process, Elmore County.
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Eagle, Idaho, January 25, 2010 – Alternate Energy Holdings, Inc. (OTCBB: AEHI.OB): Elmore County Planning and Zoning Commissioners agreed to change the county’s comprehensive plan supporting AEHI’s proposed nuclear plant.

Commissioners agreed with AEHI and said other parts of the county should be available for heavy industrial development, which will help clear the way for a nuclear power plant near Hammett, Idaho.

According to the Mountain Home News, one of the new P&Z commissioners noted this process has taken far too long, nearly 24 months, about 75 percent longer than other Idaho counties.  It’s the same reason AEHI began looking at other counties several months ago.

Since then the company cleared a similar hurdle January 14th, when Payette County P&Z Commissioners voted to change their comprehensive plan in favor of a nuclear power plant.

“The process now comes down to the question of timely site approval as our stockholders and financial institutions are anxious to break ground on the Idaho project.  We’ve seen a huge outpouring of support from people living in both areas and believe these recent decisions confirm that support,” said AEHI Chairman and CEO Don Gillispie.

About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com) Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include, Energy Neutral which removes energy demands from homes and businesses (www.energyneutralinc.com), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power. AEHI Korea, Seoul, is helping negotiate with KEPCO and seek large investors for its projects.

“Safe Harbor” Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.

Dan Hamilton
Director of Public Relations Alternate Energy Holding Inc. (AEHI)
911 E Winding Creek Drive, Suite 150
Eagle, ID 83616
work: 208-939-9311
cell: 208-914-8894
fax: 208-939-9260
email: dan@aehipower.com

Investment contacts:
invest@aehipower.com

208-939-9311

AEHI’s second Idaho nuclear site gets boost from Elmore County P&Z

Eagle, Idaho, January 25, 2010 – Alternate Energy Holdings, Inc. (OTCBB: AEHI.OB): Elmore County Planning and Zoning Commissioners agreed to change the county’s comprehensive plan supporting AEHI’s proposed nuclear plant.

Commissioners agreed with AEHI and said other parts of the county should be available for heavy industrial development, which will help clear the way for a nuclear power plant near Hammett, Idaho.

According to the Mountain Home News, one of the new P&Z commissioners noted this process has taken far too long, nearly 24 months, about 75 percent longer than other Idaho counties.  It’s the same reason AEHI began looking at other counties several months ago.

Since then the company cleared a similar hurdle January 14th, when Payette County P&Z Commissioners voted to change their comprehensive plan in favor of a nuclear power plant.

“The process now comes down to the question of timely site approval as our stockholders and financial institutions are anxious to break ground on the Idaho project.  We’ve seen a huge outpouring of support from people living in both areas and believe these recent decisions confirm that support,” said AEHI Chairman and CEO Don Gillispie.

About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com) Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include, Energy Neutral which removes energy demands from homes and businesses (www.energyneutralinc.com), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power. AEHI Korea, Seoul, is helping negotiate with KEPCO and seek large investors for its projects.

“Safe Harbor” Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.

How AEHI can afford to build a nuclear power plant January 21, 2010

Posted by cleanidahoenergy in AEHI, economic benefits, Investment news, nuclear industry, nuclear jobs, Payette County.
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Lately we’ve had a lot of questions about how AEHI plans to fund a nuclear power plant.  There have been a lot of rumors floating around about the process, so we’d like to use the following opinion piece to clear up any misconceptions. Dan Hamilton, AEHI director of public relations, wrote the following opinion.

As a child, and not unlike other kids, I was often relentless in questioning my parents menial issues, “Why do I need to eat all my food, why can’t I stay up, and why can’t I spend the night on the roof?”

Most parents know what I’m talking about.

Meaningful answers were often provided, but later the answer to all these questions became, “Because I said so.” An irritating response, but now it’s one I use on my own children, because thinking of a real answer takes time to formulate in a way they’ll understand.

I thought a lot about that lately, and as a representative of Alternate Energy Holdings, Inc., I think responses to , “How can your company afford to build a nuclear power plant”, have begun sounding like a tired parent saying, “Because I said so.”

The real answer is much more complicated.

Depending on the reactor, the finished project, likely on a 5,000 acre piece of property outside Payette, will cost between $5 billion and $8 billion.

This is an investor-driven operation, at least in the beginning, and paying for it will require a couple different methods, or phases. These are the reasons investors continue supporting AEHI, because they’ve learned there is no downside to investing in a nuclear power plant.
Phase one will require about $100 million to pay for land, water, engineers, lawyers and applications. Last summer AEHI announced an agreement with an investment group to fund $70 million worth of the project and now we have several large international investors also interested.

Phase two takes place after AEHI receives local and federal approval; once approved, the property will increase in value to about $1.5 billion. The land then becomes an asset used to borrow $5 billion to $8 billion for construction. No loan payments are expected until the plant is operational, and once running at full capacity, it will create about $3 billion annually in reliable profits for 60 years.

These projections create a very attractive loan for most lenders.
Making this even more attractive, and much less risky, is a federal loan guarantee, which insures loan repayment up to 80 percent its original value. You can read more about this program on the Nuclear Energy Institute’s website: http://tinyurl.com/financingnuclearpower. This is also a program many senators are trying to expand.

In short, after phase one, AEHI will have a $1.5 billion asset and a nearly $10 billion asset after phase two — in either case, a very profitable proposition.

It’s also profitable for state and local economies. Following local approval, Phase one will create hundreds of jobs and contribute millions. After federal approval, Phase two will create billions of dollars in gross domestic product every year and thousands of jobs through construction and operation. Then there are local businesses needed to support the people working at the plant.

When finished, about 500 people will be needed to operate the plant, with pay averaging about $80,000 a year.

Coming from someone who studied these issues in great detail as a reporter, who quickly became a proponent, and now as an employee of AEHI, I have learned this project can be accomplished and has the potential to become hugely successful.

I hope you will take the time to study the matter for yourself. You will likely come to the same conclusion. This plant is crucial to providing Idaho with the revenue, the jobs, and the essential base load power the state needs for years to come.

Moving forward in Payette January 15, 2010

Posted by cleanidahoenergy in AEHI, Blue Castle Project, economic benefits, Fresno Nuclear Energy Group, Payette County.
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A little more than three years ago, I came to Idaho with a proposal to build a nuclear plant. After many  months and millions of dollars – much of it my own – Alternate Energy Holdings Inc. earned a significant success last night. The Payette County Planning and Zoning Commission voted 9 to 1 to recommend revising the county’s comprehensive plan to make way for our proposed nuclear plant; our next step is to apply to rezone the land. That’s pretty technical, but the bottom line is, we may now move forward with our plan to bring jobs, clean energy and prosperity to Payette County and beyond.

I congratulate the team, which has helped me over the years and remained loyal to this project through thick and thin. It has been a hard fight, but we have now established momentum. In the past couple of weeks, we have also successfully attained Over The Counter status in the stock exchange and I enjoyed a very productive period of negotiations with representatives of the Korean government to import reactors into the U.S.

As some of the Payette P and Z commissioners correctly noted, this is just the first step among many more to come and there will be plenty of initiatives ahead of us. In the coming months, we expect to hire dozens of people in Payette County to assist with initial site preparation, including electricians, earth movers, carpenters and laborers; we will keep people informed about this. Also, we will need to prepare incredibly detailed proposals about our plans, accounting or our impact on traffic, public services, revenue, jobs, air quality and many other issues.

Many eyes are on Payette and AEHI now. I predict our continued success will transform the utility and power plant development industries. I expect more small, purpose-built companies will form to develop power plants. Also, I think more utilities will seek to emulate this model to develop plants through their unregulated subsidiaries, to more efficiently provide power and fund new facilities with investor – not ratepayer – money. There are already two other investor companies looking at developing nuclear plants, in Utah and California, and I hope our success encourages them.

Payette County P&Z changes comprehensive plan January 15, 2010

Posted by cleanidahoenergy in AEHI, Payette County.
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Payette County P&Z changes comprehensive plan

Payette, Idaho: Alternate Energy Holdings, Inc. (AEHI:OB) – In a nine-to-two decision, the Payette County Planning and Zoning Commission approved a proposed change to the county’s comprehensive plan.

“This is a major hurdle for AEHI, one which sets us on a path to building a nuclear power plant in Payette County.  It’s been a major goal for us as a company, and one that is supported by an overwhelming majority of people living in and around the county,” said Don Gillispie, Alternate Energy Holdings Inc. CEO.

The plant is expected to employ thousands of people through the construction and eventual operations.  The facility will also change the financial landscape in Payette County, in a way that will require a variety of additional businesses to support the people working at the plant.

The next step involves the rezoning of about 5,000 acres of agricultural land near Big Willow Road and Stone Quarry Road.  Public hearings on that issue will be taken up by the Payette County Commission in the coming weeks.

About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com) Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include, Energy Neutral which removes energy demands from homes and businesses (www.energyneutralinc.com), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power. AEHI Korea, Seoul, is helping negotiate with KEPCO.

“Safe Harbor” Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.

Tonight's the night for Payette County January 14, 2010

Posted by cleanidahoenergy in AEHI, Payette County.
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Wish us luck! We are going before the Payette Planning and Zoning Commission tonight, which is expected to make a recommendation on our request there. We have asked to amend the comprehensive plan to allow rezoning of land or our proposed nuclear plant. Testimony in favor of our proposal was more than 4 to 1 in favor and mayors, business people and average residents showed their support. The meeting is at 7 p.m. in the Payette County Courthouse. While no testimony will be taken, please come and show your support for clean energy, jobs and economic development.

AEHI-Korean deal has no bearing on US reactor projects going forward January 13, 2010

Posted by cleanidahoenergy in AEHI, Korean reactors, Payette County.
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Boise, Idaho, January 13, 2010: Alternate Energy Holdings, Inc.(OTC:BB, AEHI.OB) — A lot of writers have drawn the conclusion that without a deal in Korea, there is no potential for a proposed nuclear power plant in Payette.  That couldn’t be further from the truth.  AEHI wants the reactor because of its superior level of quality, price and sales commissions on other US sales.  But there are other reactors on the market, so the plant will go forward with or without a Korean-made reactor.

A lot has been written over the past few days about AEHI CEO Don Gillispie and a recent trip to Korea.  The trip, which was planned months in advance, was aimed at finalizing a year old negotiations to import Korean-made nuclear reactors to the United States.  That same reactor, called an APR 1400 would also be the key ingredient to a proposed plant in Payette County, Idaho.

Although no decisions were ever made, or contracts signed, Gillispie still believes it was a very positive trip.  Not only did AEHI receive confirmation of a potential deal in the future from KEPCO (Korean Electric Power Company), Gillispie also received similar confirmation directly from the Korean Prime Minister, and from a past Korean secretary of energy who spoke to the President of Korea during the trip.

News of Gillispie’s trip was so noteworthy, in fact, that TV and print journalists from two of the largest Korean media outlets took time to interview Gillispie on his trip. One newspaper, which did not, was the Korean Times, which seems to be the only article anyone wants to quote and it only used unnamed KEPCO sources.

In any case, the Korean reactor deal has no effect on the future of its US reactor projects and simply much ado about nothing by our opponents.

About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com)

Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include, Energy Neutral which removes energy demands from homes and businesses (www.energyneutralinc.com), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power. AEHI Korea, Seoul, is helping negotiate with KEPCO .

Safe Harbor” Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.

Korean Prime Minister negotiates with AEHI January 10, 2010

Posted by cleanidahoenergy in AEHI, Korean reactors, reactor types.
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Boise, Idaho, January 9,
2010: Alternate Energy Holdings, Inc. (AEHI:OB)

CEO Don Gillispie remains in negotiations with Korean officials over the importing of Korean-made nuclear reactors into the U.S. market.

While there, Gillispie met with Korean Prime Minister Un-Chan Chung. During that meeting Chung expressed his own interest in following through on a potential agreement with Alternate Energy Holdings as soon as possible.
Any agreement would include commissions for other North American reactor sales for AEHI.

About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com)
Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include, Energy Neutral which removes energy demands from homes and businesses (www.energyneutralinc.com), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power. AEHI Korea, Seoul, is helping negotiate with KEPCO.
“Safe Harbor” Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.

Best wishes to the Fresno Nuclear Energy Group January 4, 2010

Posted by cleanidahoenergy in AEHI, Agriculture, Areva, economic benefits, rural nuclear.
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Our process for building a nuclear reactor is revolutionary – a small, purpose-designed company using investor money – but I am pleased to note others who are willing to try this way of doing it. Large utilities, I believe, are be too unwieldy and indecisive to build a greenfield nuclear plant, leaving smaller, dedicated, investor-funded companies to fill the void.

The Fresno Nuclear Energy Group, launched in December 2006, has recently partnered with Areva to examine the idea of building one or two 1,650 megawatt nuclear plants in Central California. We wish the Fresno group luck – and they will need it, as California state law has banned any new nuclear generation and the state government is a political and financial basket case. Our California counterparts have public opinion in their favor, as at least half of Californians support nuclear energy, according to a recent poll. California has some of the highest energy rates in the nation, which is hurting its economy, and the Fresno group knows that nuclear can provide abundant, reliable low-cost power to attract and keep industries. California currently gets 17 percent of its electricity from its nuclear plants and 55 percent from fossil, including coal and natural gas.

The Fresno group and Areva are taking a cue from our efforts by proposing to use the immense power of a nuclear plant to desalinate water and use it for agriculture, a concept we publicly announced in July 2008 in connection with our efforts in Mexico. We expect they will also propose to use the abundant excess heat from a nuclear reactor to underwrite biofuels production and other initiatives in California’s agriculturally rich Central Valley.