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AEHI CEO Don Gillispie To The Federal Government: Please Correct Approval Process And Loan Guarantees For Nuclear Plants In 2011 December 14, 2010

Posted by cleanidahoenergy in AEHI, approval process, nuclear industry.
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BOISE, Idaho, December 13, 2010 – “Nuclear power holds enormous promise for meeting America’s need for clean, reliable, low-cost electricity, but the promise will only be realized if the U.S. government addresses its energy policy,” says Don Gillispie, CEO of Alternate Energy Holdings, Inc (OTCQB:AEHI; http://www.aehipower.com), a Eagle, ID-based company that plans to build new nuclear power plants and markets nuclear desalination systems. “We need a real energy plan,” he says.

“The right energy policy would streamline the approval process for new nuclear plants and greatly expand the U.S. government’s program to guarantee loans to stimulate domestic financing of those plants,” Gillispie argues. “It wouldn’t even cost taxpayers any money. With loan guarantees, the federal government is only required to pay if nuclear plant developers default on their loans and the chances of that are slim considering the money these plants can generate. The Energy Policy Act of 2005 was created to encourage clean energy developers with loan guarantees, among other things, but now we are greatly limiting them for nuclear power and even charging prohibitive upfront fees to qualify — hardly an incentive.”

According to Gillispie policy changes are urgently needed. The numbers tell a stark and worrisome story. The U.S. has 104 nuclear reactors, which make 20% of the nation’s electricity. Within about 25 years many of those plants will have reached the end of their lives, and will have to be replaced. Meanwhile, approximately 600 coal plants would cost too much to upgrade to meet new pollution rules, so they will be taken out of service; some are already in the process. In order to continue meeting the nation’s current baseload electricity demand, the country will need 300 or more new nuclear plants within 30 years or so. “We’d have to be on a path of 10-15 new nuclear plants a year when you include load growth starting now,” Gillispie says.

However, the country hasn’t even taken a small step on that path. While U.S. companies proposed building about 30 new nuclear plants over the next 10 years or so, most of the proposals are currently stalled. Plants that are on track to be built include two units at the existing Vogtle site in Georgia owned by Southern Company and two units AEHI plans to build in Payette County, Idaho.  The AEHI plant will fall behind Vogtle due to the lengthy approval process involved with building on a previously undeveloped site, also known as a greenfield site. Even if the stalled proposals get moving, they won’t be nearly enough. “AEHI is planning for the potential to install an additional four units in the future while everyone else is talking about one or two,” says Gillispie. “At this rate, we’ll never be able to meet the country’s need for baseload electricity.”

What would greatly help speed up the development of nuclear plants? Probably, the most important step would be for the Nuclear Regulatory Commission (NRC) to approve designs and new sites more expeditiously, Gillispie says. “NRC officials are telling people it takes 54 months to approve an existing, but enhanced U.S. design that’s already shown to be reliable and safe and potentially even longer to approve a new greenfield nuclear site. Any industrial development, including mining and heavy manufacturing, are nearly impossible to get approved today. It is apparent our children will live at a lower standard if we do not wake-up and give business leaders some say in this country’s future, instead of catering to those who oppose everything in the name of the environment to a fault.

Life has risk, but there are even greater risks without proven technologies being used effectively.  Western nuclear power has been proven safer than all other energy sources to date, yet getting plants built remains far too time consuming.” Nuclear plant approval delays mean that potential investors are instead putting their money in alternatives like wind, which can be approved and built in as little as a year—but can only supply a fraction of the country’s demand for power with high cost, poor reliability and large federal subsidies, not to mention it cannot provide needed baseload power to our electric grid.

That’s why Gillispie is encouraging his representatives in Congress to push the NRC to move faster or to pass legislation to streamline the approval process.

The second step would be to provide more loan guarantees for nuclear plants without excessive fees. Such guarantees enable companies to line up financing for new plants at an affordable cost. “There’s almost no risk to the government,” says Gillispie, “because nuclear plant developers will not default on those loans.”

The NRC must move expeditiously in order to fulfill the requests for more nuclear power now seen at a local level.  AEHI’s own experience shows public opinion for nuclear is at an all-time high. At a key December 2nd county planning and zoning meeting, an overwhelming majority of the participants were in favor of zoning changes to permit the construction of AEHI’s proposed plant.  On December 9th, those same county officials approved a recommendation to rezone 500 acres in rural Idaho, which has been designated as the future site for AEHI’s proposed nuclear power plant.  “If the government will help us move faster, the nuclear industry will be able to deliver the critical power that America needs,” says Gillispie.
About Alternate Energy Holdings, Inc. (http://www.AlternateEnergyHoldings.com) — Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com) Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), 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.
Safe Harbor Statement: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “believe,” “expect,” “anticipate,” “project,” “target,” “optimistic,” “intend,” “aim,” “will” or similar expressions are intended to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events, including our ability to list on a national securities exchange. These statements are based on the beliefs of our management as well as assumptions made by and information currently available to us and reflect our current view concerning future events. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: our significant operating losses; our limited operating history; uncertainty of capital resources; the speculative nature of our business; our ability to successfully implement new strategies; present and possible future governmental regulations; operating hazards; competition; the loss of key personnel; any of the factors in the “Risk Factors” section of our Annual Report on Form 10-K for the most recently completed fiscal year; and any statements of assumptions underlying any of the foregoing. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law.

Joe Lucid fraud testimony uncovered December 13, 2010

Posted by cleanidahoenergy in AEHI, approval process, Joe Lucid fraud, Payette County.
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One of our consultants, Martin Johncox, has been assisting us since March of 2007 and recently testified in-person to the Payette County Commission about our plans to build a nuclear power plant there. Johncox’s testimony shows just how far some of our opponents, such as “Joe Lucid” (not his real name) will go to disparage our company with false information – up to and including perjury. Thankfully, Payette County officials have rejected Lucid’s testimony. Johncox’s blog post is available here or you can read it below as well:

Supporting progress and exposing a liar

From http://alexanderandassociates.com/2010/12/09/supporting-progress-and-exposing-a-liar/

On Dec. 2, I provided testimony to the Payette County Planning and Zoning Commission regarding the application by Alternate Energy Holdings Inc. to develop a nuclear reactor. As many of you know, I have been with AEHI since March 2007 doing public relations, news media consulting, social media and community organizing. Thanks to the efforts of Alexander and Associates and others involved in AEHI, written and verbal testimony was 2-to-1 in favor of the nuclear plant last week.

Below is the transcript of my comments to the Planning and Zoning Commission.

“Good evening everybody. How do you do? Thanks for giving me this opportunity. My name is Martin Johncox, 4948 Kootenai Street in Boise. You may recall, right about this time a year ago, I was sitting in front of you telling you about my experiences doing community organizing for AEHI here, talking to people and their concerns. I can tell you I’ve been doing that again for the past few weeks and the economic conditions out there are just as bad.

“Something I would like to talk to you about this time that’s happened in the past year. There’s a practice called shorting stocks and there are a number of investors that are doing this with our stock. Basically involves betting that the price of a company’s stock will go down and these people are actively trying to drive our stock price down. Now, our stock price is not really your concern but I think you need to keep that in mind as you look at some of the testimony you’ve received. In particular, I’ve had some interactions with a fellow named Joe Lucid and I think that is not his real name. I believe he has submitted testimony to you. I suggest you consider whether or not he is using his real name and how that might affect things.

“I’ve been with this company almost four years. That’s longer than anyone in the room except the CEO. I’ve been in Elmore County, Owyhee County, Payette County. I’ve talked to thousands of people. Probably walked at least a hundred miles. Been to more meetings than I can count. Dealt with the news media, done a gazillion other things. The CEO has put a lot of his own fortune into this company trying to get it going. I got to tell you, if people say that we’re trying to pull some sort of a ruse or that we’re trying to scam people I really think there ought to be a way to do it that’s easier and faster and costs less money and is a lot less stressful, if you’re going to do this kind of thing. I think our persistence over the past four years has shown that we mean what we say.

“There’s a saying by a fellow called Confucius, the man who says something cannot be done should not block the path of the man trying to do it. And that’s kind of what I see here this evening in some of these people. If we don’t get the water, we won’t build it. If we don’t get the power lines, we won’t build it. If we don’t get the financing, we won’t build it. If we don’t get 1,001 other things that we need to do this, then we won’t build it. And these people are hoping and praying that we fail on as many of those things as possible. We are here to ask you for a fair chance and a fair shot at this and we’ll have to fight our battles as they come.

“But, I think, that’s the only thing that I want to leave you with, that we’re just looking for a fair shot and a fair chance at this and that’s all I have to say.”

Question from a planning and zoning commissioner: “I’ve got a question for you. In the testimony tonight, people were upset that you won’t name the vendor of the reactor generator. It seems pretty obvious to me, if you said we’re going to buy a General Electric generator and it was all planned for, they’d know they got the only ones and the price would be real high on it. Is my thinking correct or why don’t you say who the vendor is for it?”

Me: “Well, that’s something you probably have to ask the CEO. There are a number of different reactor designs out there and this is an area of technology that is evolving and changing. I do have a feeling, however, that if we did announce the reactor type, our opponents would say “Oh, they’re being way too premature about this. Look, they’ve already picked out the reactor type and they think they’re going to stroll into Payette County and plop one of these down. And they haven’t done enough groundwork in order to pick their reactor type.” Well, we’re trying to do that groundwork right now. It’s kind of a — my feeling is that we’re damned if we do and damned if we don’t. We’re going to get criticized either way. Just up to you to evaluate us on what you see, and hear and know.”

I’m told Payette County has rejected Joe Lucid’s testimony because he’s not using his real name. That is very gratifying, as Lucid is a particularly toxic individual who has persistently spread lies about AEHI, even harassing individual investors whose emails he harvested from public testimony. Lucid wants people to view him as a crusader, but it is clear to me his only motive is to enrich himself through stock shorting, a controversial practice to profit from a falling stock price. Worst of all, Lucid doesn’t use his real name on message boards or blogs, instead relying on his pseudonym or promising he will “soon submit a bio.” Apparently on or about Nov. 26, Yahoo! banned Lucid’s original profile of joe.lucid, so he has reconstituted as lucidlucid@ymail.com (this one). It wouldn’t surprise me if he had more.

False names are fine if you’re lurking on the Internet. In the public policy arena, however, providing testimony under a false name isn’t just cowardly. It’s also perjury.

YESSSSS! AEHI Receives Final P & Z Approval for Proposed Idaho Nuclear Power Plant December 10, 2010

Posted by cleanidahoenergy in approval process, Payette County.
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Nationally Significant as First Proposed U.S. Green Field Site in 33 Years

BOISE, Idaho – December 10, 2010: Alternate Energy Holdings, Inc. (OTCQB:AEHI; http://www.aehipower.com) today announced it has received recommended rezone approval on a site to build a nuclear power plant in Payette County, Idaho.  The decision by Payette County Planning and Zoning Commissioners is nationally significant as being the first decision of its kind regarding a green field nuclear site in 33 years.
A green field site is one that has not been previously developed or approved for a nuclear power plant.
“The Planning and Zoning Commission followed through on a monumental decision.  This approval allows us to take the next step, which involves potential final rezone approval with the Payette County Board of Commissioners as early as January 2011,” said Don Gillispie.
The company now anticipates it will begin collecting environmental data in the first quarter 2011 in preparation for submitting a construction and operating application (COLA) to the Nuclear Regulatory Commission.
During the December 9th evening hearing many commissioners pointed to the benefits that a nuclear power plant could provide the community.  Some of those benefits previously discussed by AEHI include an estimation of up to 5,000 jobs during construction and over 2,000 direct and indirect jobs during operations.  Salaries for these jobs are estimated at $60,000 and $80,000 respectively, and billions in GDP to the state of Idaho.
The company represents the only known opportunity for a direct nuclear plant investment in the U.S. today.
About Alternate Energy Holdings, Inc. (http://www.AlternateEnergyHoldings.com) — Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com) Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), 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.
Safe Harbor Statement: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “believe,” “expect,” “anticipate,” “project,” “target,” “optimistic,” “intend,” “aim,” “will” or similar expressions are intended to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events, including our ability to list on a national securities exchange. These statements are based on the beliefs of our management as well as assumptions made by and information currently available to us and reflect our current view concerning future events. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: our significant operating losses; our limited operating history; uncertainty of capital resources; the speculative nature of our business; our ability to successfully implement new strategies; present and possible future governmental regulations; operating hazards; competition; the loss of key personnel; any of the factors in the “Risk Factors” section of our Annual Report on Form 10-K for the most recently completed fiscal year; and any statements of assumptions underlying any of the foregoing. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law.

# # #

Great coverage in the Boise Weekly December 8, 2010

Posted by cleanidahoenergy in approval process, Payette County.
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The Boise Weekly has done a terrific story on last week’s hearing in Payette County. To their credit, they actually sent a reporter, and they and the Ontario Argus Observer were the only media represented at the meeting. Please take a moment to read this story, as it is an accurate representation of what happened at the meeting.The story is pasted below and we encourage you to visit their site.

Payette: The County of “Yes”

After hearing “no” or “maybe” in Elmore and Owyhee, AEHI gets favorable reaction in Payette

by George Prentice

The meeting of the Payette County Planning and Zoning commission began promptly at 7 p.m. on Dec. 2. And for the next five and a half hours, a long night’s journey into day was filled with overwhelming testimony in favor of a nuclear reactor for Payette. The evening also included an ex-reporter sharing a the story of why he turned away from journalism, and a P & Z commissioner telling a group of environmental activists that they had worn out their welcome.

The commission traditionally meets to consider items such as dog kennel expansions or building new beauty salons. But through much of 2010, the dozen commissioners have been faced with the history-making task of deciding whether to launch a new commercial nuclear age for Idaho.

Don Gillispie, CEO of Alternate Energy Holdings Inc., has so far gotten nothing but green lights from officials in each corner of Payette County in his attempt to build a $10 billion nuclear reactor on a parcel of rural land not far from New Plymouth. Gillispie has been all-smiles at each of the Payette meetings, formal and informal. After several years of hearing “no” or “a conditional maybe” from officials in Elmore and Owyhee counties, Gillispie brought the concept to Payette where–one by one–mayors of Fruitland, New Plymouth and Payette echoed their unconditional support.

Gillispie wants to build the reactor on 5,000 acres near Big Willow and Stone Quarry roads. Good luck, if you’re trying to find it. The location is the very definition of remote–a series of rolling foothills off a rugged gravel road. The land is about 20 miles, as the crow flies, from the Snake River. So it came as no surprise that Snake River Alliance, Idaho’s oldest and most visible anti-nuke activists, would lead a charge against AEHI’s proposal.

As the evening of Dec. 2 wore on at the public hearing and a half-dozen SRA representatives took to the microphone, P & Z commissioner Farrell Rawlings ripped into the group.

“Look here,” Rawlings lectured. “Our governor is in favor of this. Every mayor in our county is in favor of this. Our chamber of commerce is in favor of this. I’m offended that there’s not one positive thing that you and your group has contributed to this discussion.”

Rawlings and his 11 colleagues on the commission sat in the jury box at the courthouse for their final deliberation on swinging the doors open to Gillispie and his plans. P & Z is considering a rezone of the parcel of the land from agricultural to industrial. If approved, county commissioners will get a chance to sign off on the deal sometime in January.

Gillispie’s next step would be the onerous task of developing a license application. He said he expected more than 120 scientists, engineers and nuclear experts to craft the request, which would be subject to review from the Nuclear Regulatory Commission. The entire licensing process could take five to seven years. Tack on another three to four years for construction, and Payette could see a reactor as soon as 2020.

Gillispie’s official spokesman is Dan Hamilton, a familiar face to television viewers in the Treasure Valley. He’s a former anchor for KTRV Fox 12. It’s one thing for a spokesman to pump out press releases and manage the media, but it’s something else for a spokesman to offer testimony at a public hearing. The hearing on Dec. 2 was anything but ordinary.

“When I was with Fox 12, I reported on AEHI,” Hamilton testified. He told commissioners how he initially agreed with opponents.

“But it wasn’t long before I asked [AEHI] for a job,” said Hamilton.

When BW asked Hamilton about the unusual move to testify, he remained on-message.

“I testified from my own personal perspective. As I was reporting, it got to the point where I thought something was weird,” said Hamilton. He said he felt duped by opponents of the planned reactor.

“Pretty soon, a completely different story was coming out. That’s why I support AEHI, and that’s why I work for them.”

Public testimony ran 2-1 in favor of the nuclear proposal. By the time a Thursday evening spilled into a Friday morning, the commission closed all testimony. On Thursday, Dec. 9, P & Z commissioners will give AEHI more time to rebut opponents’ testimony. But they may not need it.

When Gillispie told commissioners, “This county will have more money than you’ll know what to do with,” many of the commissioners beamed.

Practically everyone who survived the marathon predicted that commissioners won’t take much more time to give Gillispie another green light.

 

Countdown To The AEHI Nuclear Power Plant Rezone Hearing: Tomorrow Night at 7:00 PM Mountain Time December 1, 2010

Posted by cleanidahoenergy in approval process, Payette County.
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The Payette County Planning & Zoning Commission will be hearing the application by AEHI on Thursday, December 2, 2010 at 7:00 PM Mountain Time, at the Payette County Courthouse. This is a very important hearing for the Idaho Energy Complex. Proponents of the project are strongly encouraged to attend and show their support.

Fruitland Chamber of Commerce says, “AEHI Is Exactly What We Need in Payette County” October 27, 2010

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(We are pleased to have the endorsement of Fruitland, Idaho, chamber for our proposed nuclear plant, as well as all the mayors of Payette County)

Fruitland Chamber of Commerce Adds Its Endorsement to AEHI’s Proposed Nuclear Power Plant

Boise, IDAHO: October 27, 2010 — “AEHI is exactly what we need in Payette County. Our interaction with the public has proven they want it and our community needs the jobs and future prosperity a nuclear power plant will provide,” said Carri Draper, Chamber President.

The Fruitland Chamber and its members have been active in educating themselves on the benefits of such a plant and what it could do for the entire county.

“It is our responsibility to represent business opportunities that will make Fruitland and Payette County a better place to live. Everywhere a nuclear power plant exists you will find a community that thrives and we look forward to that same opportunity here,” said Draper.

The nuclear power plant proposed by AEHI is expected to create thousands of jobs, paying well above Payette County’s current average salary. A large percentage of those jobs will be filled by current residents, many that were adversely affected by the economy. And a large portion of the taxes from a multi-billion dollar plant will flow directly through the county, enhancing everything from roads and education, to emergency responders like police, fire and paramedics. AEHI has also been endorsed by the Payette Chamber of Commerce, Payette Mayor Jeff Williams, Fruitland Mayor Ken Bishop and New Plymouth Mayor Joe Cook. AEHI has been an active member of the Payette and Fruitland Chambers of Commerce since early 2010.

About Alternate Energy Holdings, Inc. (http://www.AlternateEnergyHoldings.com) — Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com), Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), 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. Safe Harbor Statement: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans. These statements are based on the beliefs of our management as well as assumptions made by and information currently available to us and reflect our current view concerning future events. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law. ###

AEHI CEO Cites United Nations Data on Global Water Crisis and Urges Wider Use of Nuclear Desalination Reactors August 23, 2010

Posted by cleanidahoenergy in AEHI, approval process, China, Chinese nuclear energy, desalination, Energy Neutral, Green World Water, Greenfield nuclear development, Hyperion Power Generators, Payette County.
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BOISE, Idaho, Aug. 23, 2010 (GLOBE NEWSWIRE) — Don Gillispie, CEO of Alternate Energy Holdings, Inc. (OTCBB:AEHI) (www.aehipower.com), an Eagle-Idaho based developer of large-scale nuclear and green energy projects including nuclear power plants and nuclear desalination reactors, today stated, “United Nations (http://www.un.org/waterforlifedecade/) data now confirms that the world is in the midst of a water crisis with one in six people worldwide without sufficient amounts of fresh water. In my opinion, one solution to this problem should be nuclear desalination reactors that can produce large amounts of fresh clean water.”

According to Gillispie, “The worldwide fresh water crisis, which is expected to outstrip supply by 2025 per the UN, could be helped significantly by using desalination systems powered by commercial nuclear reactors. Seawater desalination as an alternate source of fresh water has been used primarily with fossil plants around the world, but until now there hasn’t been a pairing of large commercial nuclear reactors with desalination systems. Nuclear powered desalination not only provides more affordable fresh clean water, but also excess electricity and carbon credits.”

Gillispie, whose AEHI subsidiary Green World Water™ (www.GreenWorld-h2o.com) plans to produce and market one of the world’s first large commercial nuclear desalination reactors, stated, “The World Health Organization (WHO) announced that 1.4 million children die every year from illness caused by unclean water and poor sanitation. WHO estimates that there are 4000 children dying every single day because of this fresh water crisis. Nuclear desalination reactors would give many of these children the fresh water to live.”

The International Atomic Energy Agency (IAEA) issued a recent report stating that 2.3 billion people live in water-stressed regions. “Lack of fresh water greatly constrains a country’s development in all respects,” stated the IAEA report. “Nuclear desalination thus becomes a popular solution.”

Gillispie agrees, “Nuclear desalination reactors have the ability to produce clean, fresh water from the ocean, rivers, and even brackish sources. These reactors can also generate enough electricity to supply the energy needs of entire communities and pump water inland to drought stricken areas.”

About Alternate Energy Holdings, Inc. (http://www.AlternateEnergyHoldings.com) — Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com) Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), 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.

Safe Harbor Statement: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “believe,” “expect,” “anticipate,” “project,” “target,” “optimistic,” “intend,” “aim,” “will” or similar expressions are intended to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events, including our ability to list on a national securities exchange. These statements are based on the beliefs of our management as well as assumptions made by and information currently available to us and reflect our current view concerning future events. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: our significant operating losses; our limited operating history; uncertainty of capital resources; the speculative nature of our business; our ability to successfully implement new strategies; present and possible future governmental regulations; operating hazards; competition; the loss of key personnel; any of the factors in the “Risk Factors” section of our Annual Report on Form 10-K for the most recently completed fiscal year; and any statements of assumptions underlying any of the foregoing. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law.

Great news in Payette County June 22, 2010

Posted by cleanidahoenergy in AEHI, approval process, nuclear jobs, Payette County.
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This morning, I am happy to announce we filed our application in Payette County, Idaho, to rezone land for our proposed nuclear reactor. Below is the news release:

Alternate Energy Holdings, Inc. Enters Final Phase of Approval Required in Idaho for Nuclear Power Plant

Overwhelming Support Expected Based on Prior Unanimous Commissioner’s Vote

BOISE, Idaho, Jun 22, 2010 (GlobeNewswire via COMTEX) — Alternate Energy Holdings, Inc. (OTCQB:AEHI) today announced the company has entered the final stage of gaining local approval to build a nuclear power plant after officially filing a rezone application this morning.

“This is the final step at this level and a major milestone for AEHI because we’ve gotten to this point in a relatively short amount of time. Often this process can drag on for more than a year, and we’ve been able to reach this stage in about six months. I believe it demonstrates the desire Payette County residents have to build a nuclear power plant here,” said Don Gillispie, AEHI CEO.

Recently the Payette County Board of Commissioners unanimously approved a county-wide zoning change, which makes this final step possible. The decision to do so was custom-designed for AEHI, because commissioners made the change specifically for a nuclear power plant; meaning the property in question could be rezoned from agricultural to industrial, but only if a nuclear power plant is built there.

“We are excited for the process to move forward and based on our success in previous hearings it shouldn’t be long before we have all the necessary approvals we need to build a nuclear power plant in Idaho. This is something we’ve all been working towards for a long time and to see our efforts paying off is a tremendous blessing,” said Gillispie.

Prior hearings in Payette County were also met with a groundswell of support from residents. Those who testified in favor of AEHI outnumbered the opposition at least three-to-one during every public meeting. During the last hearing County Commissioners even recognized the statistics, which proved a consistent level of support that in some cases surpassed 80 percent.

“People want this plant, the numbers prove it. It is interesting that our local support seems to match, and even surpass the national average of those who say ‘we need more nuclear power plants in the United States.’ It is the only clean method available of producing baseload power, one that will also provide the jobs and revenue we desperately need as a country,” said Gillispie.

During construction the Payette County Plant, also called the Idaho Energy Complex, is expected to bring $5.3 billion to Idaho, which is about 10 percent of the State’s gross domestic product. The project will create more than 5,000 jobs, which average $60,000 during construction and $80,000 during operations.

About Alternate Energy Holdings, Inc. (http://www.alternateenergyholdings.com/ ) — Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (http://www.energyneutralinc.com/ ), Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), 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 signed a memorandum of understanding with Hyperion Power Generation. The MOU is the beginning of a joint venture between the two companies to license, build and market Hyperion’s refrigerator-sized modular nuclear reactors on a world-wide basis.

“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.

This news release was distributed by GlobeNewswire, www.globenewswire.com

AEHI Posts Presentation on InvestorRoadshow.com; Provides Update on Idaho Nuclear Reactor, Green World Water™ Desalinization June 10, 2010

Posted by cleanidahoenergy in AEHI, approval process, China, Elmore County, Energy Neutral, Green World Water, international, Investment news, Payette County.
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BOISE, IDAHO – June 9, 2010 – Alternate Energy Holdings, Inc. (OTCQB: AEHI) announced today that it has posted its investor presentation slides and synchronized audio to the Investor Roadshow website (www.InvestorRoadshow.com), an online portal for connecting investors with executives of publicly traded companies. Mr. Don Gillispie, AEHI CEO, provided a target business timeline and updates on:

• The local permitting process for the Company’s proposed primary and backup nuclear reactor sites in Payette and Elmore counties in Idaho;
• AEHI’s Green World Water™ project and exclusive partnership with China National Nuclear Corporation to produce and market nuclear desalinization reactors
• The Company’s Energy Neutral™ home, which produces more energy than it consumesDon Gillispie, AEHI CEO, commented, “We are the only independent nuclear power plant developer in the U.S. seeking to build in non-nuclear states. Today’s safe nuclear energy design provides unchallenged consistency along with some of the lowest production costs and highest capacity to support the nation’s base load requirements while eliminating green house gas emissions. Support for nuclear is growing rapidly, particularly as most state regulators now prefer nuclear even to natural gas, and approximately 84% of Americans living close to nuclear power plants now support this environmentally friendly and safe option that also contributes jobs to the local community. The fact that we have now received unanimous approval from Payette County’s Board of Commissioners for its comprehensive county plan change, as well as the planning and zoning approval at our backup site in Elmore County, demonstrates we have made dramatic operational progress and are well on our way to NRC review, followed by the construction phase at one or both of these sites. At each stage of the permitting and regulatory approval process, the commercial value of these sites increases substantially driving significant value creation for our shareholders.”

“At the same time we are moving forward our proposed $10 billion nuclear project, we are also actively pursuing multiple near-term revenue opportunities. Among these, we recently announced an official partnership with China National Nuclear Corporation to produce and market nuclear desalinization reactors. Our Green World Water reactor design is state-of-the-art, and offers the cleanest, most efficient, and most cost-effective solution for converting salt water to drinking water. Several countries have already expressed interest in the desalinization reactor and we expect to have several of these projects underway within a year.”

“Lastly, we have received significant interest from homebuyers and homebuilders in our new Energy Neutral home. This home produces more energy than it consumes, and provides the excess energy back to the grid, generating net cash flow from the public utility on a monthly basis that can be used to offset total home ownership costs. Given the current stage of permitting for our nuclear reactor sites, coupled with our near-term revenue opportunities, we are extremely encouraged by the outlook for our business.”

About Investor Roadshow

Investor Roadshow brings the experience of attending a one-on-one meeting or group presentation with corporate management direct to your home or office. For qualified institutions and individual investors, a live one-on-one virtual meeting can be arranged through the site that suits investors busy schedules, complete with Q&A. Investors can also utilize the site to request additional information from the featured companies. The proprietary Investor Roadshow technology, powered by Equisolve, seamlessly integrates with the company’s own IR website.

About Alternate Energy Holdings, Inc. (http://www.alternateenergyholdings.com/) — Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral, which removes energy demands from homes and businesses (http://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 Provides Business Update and Recap of Key Milestones Major Progress Achieved Towards Local Approval of Nuclear Reactor May 20, 2010

Posted by cleanidahoenergy in AEHI, approval process, desalination, economic benefits, Elmore County, Energy policy, nuclear industry, nuclear jobs, Nuclear Regulatory Commission, Payette County, public opinion.
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BOISE, Idaho, May 20, 2010 (GlobeNewswire via COMTEX) — Alternate Energy Holdings, Inc. (OTCQB:AEHI) today provided a business update for the first quarter of 2010. Key operational highlights include:

— Payette County, Idaho Board of Commissioners unanimously approved changes to the county’s comprehensive plan to allow development of a nuclear power plant

— Elmore County, Idaho Planning and Zoning Commissioners officially approved a change to the county’s comprehensive plan paving way for final approval of AEHI’s proposed nuclear power plant by the County Board of Commissioners — Agreement with China National Nuclear Corporation (“CNNC”) to produce and market nuclear desalinization reactors internationally

— Agreement to work with Dalian Shipbuilding and Equipment Manufacturing Company, Ltd. (“DSIC EM”) to qualify and market various large-sized manufacturing components for use in the international energy industry

— Completed construction of company’s first Energy Neutral(TM) home designed and built specifically to be energy neutral but at a total cost that is both affordable and comparable to that of traditional building techniques

— As of March 31, 2010, AEHI had approximately $3.5 million of cash and no long-term debt

“We continue to make rapid progress on our plans to permit and construct a nuclear reactor in Idaho, through our Idaho Energy Complex (IEC) subsidiary,” said Don Gillispie, AEHI CEO. “Most recently, in May 2010, the Payette County, Idaho Board of Commissioners unanimously approved changes to the county’s comprehensive plan in order to allow development of a nuclear power plant at our site, and we expect final local approvals in 2010. Additionally, in April 2010, at our backup site in Elmore County, the Planning and Zoning Commissioners officially approved a change to the county’s comprehensive plan that paves the way for final approval of AEHI’s proposed nuclear power plant by the Board of Commissioners expected later this year. These two milestones illustrate the broad public acceptance and support for our projects.

“At the same time, we are making progress on a number of additional fronts. Most recently, we announced a major agreement earlier this week with CNNC to produce and market nuclear desalinization reactors internationally. We are already in discussion with several countries in need of clean, potable water as well as the ability to generate affordable and sustainable ‘green’ energy. Last month, we signed an agreement to work with DSIC EM to qualify and market various large-sized manufacturing components for use in the international energy industry.

“We also completed construction of the company’s first Energy Neutral home, a radical departure from traditional building techniques because it was designed and built specifically to be energy neutral yet at a total cost that is both affordable and comparable to that of traditional building. Our Energy Neutral model home is generating significant media attention as well as franchisee interest from both residential and commercial builders locally and around the nation. Our Energy Neutral business could quickly become a source of revenue and cash flow for us as we pursue our broader initiatives.

“Overall, we are extremely excited about the outlook for the business and believe the future for AEHI is brighter than ever. Although the domestic U.S. nuclear industry has been long dormant, our experience and early lead combine to create a powerful competitive advantage in this rapidly reemerging market that will enable us to exploit growth trends in coming years. Moreover, our unique positioning as a deregulated nuclear plant that can take full advantage of market pricing for energy means we have the ability to generate very attractive rates of return from this investment. The coming resurgence in the industry’s prospects is best evidenced by the additional loan guarantees and strong support for nuclear development by the current Administration in Washington. Moreover, we have a strong international foothold as evidenced by our partnerships in China and elsewhere. These strategic relationships provide further validation of our market leadership and help to establish a foundation for long-term growth,” concluded Gillispie.

About Alternate Energy Holdings, Inc. (http://www.alternateenergyholdings.com/) — Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral, which removes energy demands from homes and businesses (http://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 encouraging Korea to export their APR 1400 reactor into the U.S. and achieve NRC design certification. “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.