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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.

Alternate Energy Holdings, Inc. CEO Provides Commentary on the State of Nuclear Power in the U.S. November 22, 2010

Posted by cleanidahoenergy in China, nuclear industry.
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BOISE, Idaho, Nov 22, 2010 (GlobeNewswire via COMTEX) — Alternate Energy Holdings, Inc.’s (otcqb:AEHI) (www.aehipower.com) CEO today provided the following editorial regarding the state of nuclear power in the U.S.:

Wake Up America! We’re Falling Behind in Nuclear Power

By Don Gillispie, AEHI CEO

There’s a nuclear renaissance underway around the world. Twenty-three reactors are under construction in China, with 10 more expected to break ground within a few months. Russia is building 10 large reactors and South Korea is adding eight plants (http://www.world-nuclear.org/info/inf17.html). Even lightly populated Finland just approved construction of two new plants (http://www.nytimes.com/2010/07/02/business/global/02power.html). All told, 58 new nuclear power plants are under construction in 14 countries around the world, most of them in Asia.

But one nation is conspicuously absent from this list–the United States. There are no new plants under construction in the country that invented and exported commercial nuclear power to the world, and which continues to rely on the largest fleet in the world–104 reactors–for safe, reliable, clean and inexpensive electricity.

There are hopeful signs as U.S. utilities have submitted applications to the Nuclear Regulatory Commission for combined construction and operating licenses for 22 new plants, and the U.S. Energy Department is offering billions of dollars in loan guarantees to build the first few plants, but most of those projects are stalled today.

So, much needs to be done, because despite the possibilities, the industry is still waiting for the first project to get underway. Vogtle Electric Generating Station is awaiting final Nuclear Regulatory Commission approval to construct the country’s first nuclear plant ordered since 1977. As of yet, the Department of Energy has offered one loan guarantee to Southern Company (a big Atlanta-based utility) for Vogtle. Most recently the Baltimore-based Constellation Energy Group, Inc. decided the government’s loan guarantee program came with too many terms to be workable which has now stopped their Calvert Cliffs new plant project. (http://online.wsj.com/article/SB10001424052748704442404575542413155178010.html?mod=googlenews_wsj)

So, as the rest of the world prepares to benefit from new nuclear power, it doesn’t take a nuclear physicist to see that the U.S. is falling behind–and that Americans will suffer as a result. We are missing out on the best source of energy for the future. Nuclear power is far cheaper than wind or solar–and it runs all the time, not just when the wind blows or the sun shines. It’s even cost competitive with new coal before pollution control requirements. And it’s far more certain than natural gas, which, though abundant currently, may cause contamination of aquifers when extracted, and prices are subject to international market forces as we have seen in the past. Build enough new nuclear plants and the U.S. could even wean itself from dependence on foreign oil, since cars and trucks could be powered largely by electricity instead of gasoline.

The U.S. must not fall behind in building new reactors or U.S. companies will lose out in a very competitive market to build thousands of high-value components used in nuclear plants. To take advantage of that market and have sufficient energy to fuel economic growth reliably and cleanly, America must have a viable nuclear market of its own now–not 10 years from now.

Starting to build new nuclear facilities right now will give the suffering American economy a huge boost. Take the plant that my company, Alternate Energy Holdings, Inc., plans to build in Payette County, Idaho. The construction of the dual-reactor plant would directly employ up to 5,000 workers at the peak of a five year period. And since nuclear plants need hundreds of thousands of tons of concrete, more than 30,000 tons of steel, and countless specialized parts from a giant chain of suppliers, the total number of jobs created by the plant could actually be more than 100,000. Just 10 projects like this one could create approximately a million jobs. Those jobs would be here in the U.S., not overseas.

But the nation must move forward. I’ve worked for 45 years in the U.S. nuclear industry building and operating reactors and it’s profoundly sad to me to see America lag further and further behind China, India, Korea, Japan and other countries. In fact, I started AEHI out of frustration that big U.S. utilities were being too slow and cautious. So I got together a group of industry veterans like me and went out to see if we could jumpstart the nuclear renaissance in this country.

This industry can make a profound and positive difference, but I often feel like a lone voice crying in the wilderness. Wake up America! Nuclear power is crucial to our future and we’ve got to get started on it now!

About Don Gillispie — A 45-year veteran of the nuclear industry, Don Gillispie was involved in the construction and operation of a number of nuclear reactors and helped start the Institute of Nuclear Power Operations (INPO). He is now CEO of Alternate Energy Holdings, Inc. in Eagle, Idaho.

About Alternate Energy Holdings, Inc. (http://www.aehipower.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.

The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058

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.

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

AEHI CEO Comments on Swedish Report Showing Nuclear as Clear Winner Over Wind November 15, 2010

Posted by cleanidahoenergy in nuclear industry, Wind energy.
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BOISE, Idaho, Nov 15, 2010 (GlobeNewswire via COMTEX) — One of the huge debates swirling around nuclear power is its price. Some critics argue that even though nuclear plants offer clean, reliable sources of electricity, building new plants is just too costly.

Not so, says a new report by PricewaterhouseCoopers (http://www.world-nuclear-news.org/NP-Nuclear_is_competitive_in_Sweden_says_report-0710104.html). Commissioned by a Swedish industry group, SKGS, the report concludes that electricity from new nuclear plants would be less than two-thirds the price of electricity generated by new wind farms. “This independent report helps explode the myth that nuclear plants can’t compete with wind, solar, and other popular forms of renewable power,” says Don Gillispie, CEO of Alternate Energy Holdings, Inc (otcqb:AEHI), an Eagle, Idaho-based company that plans to a build nuclear power plant in Idaho and market nuclear desalination systems around the world.”

The group SKGS represents industries in Sweden that use a lot of electricity, such as steelmakers, mining companies and chemical manufacturers. These companies are worried about having enough affordable electricity in the future to remain competitive in Sweden and in global markets. So the group asked PricewaterhouseCoopers to figure out what new sources of electricity make the most economic sense.

The answer? Nukes and, if available, hydropower. Not wind. In order to get a reasonable return on investment, the report concluded, nuclear plants had to be able to sell power at minimum price 6.3 cents per kilowatt hour (kWh) without government loan guarantees and just 4.4 cents per kWh if such guarantees are available. That compares to 9.67 cents per kWh for wind and 5.8 cents per kWh for hydro.

“The new study suggests that nuclear power will be the cheapest power source,” says SKGS president Kenneth Eriksson.

The PricewaterhouseCoopers figures are also very close to those estimated by AEHI’s Gillispie, a 45-year veteran of the nuclear industry in the United States. “At AEHI, we are now on track to build a large dual-reactor nuclear power plant in Idaho for a total cost of about $8 – $10 billion,” Gillispie says. “That would translate to a cost of about 4-5 cents per kWh according to our calculations for the electricity produced by the plants,” he says. “Not only does that make nuclear power a huge bargain compared to wind and solar, but it is also a carbon-free source compared to coal, which is the biggest single contributor to global warming. Further, nuclear has the highest reliability of well over 90% compared to approximately 20% for wind and solar.”

About Alternate Energy Holdings, Inc. (http://www.aehipower.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.

The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058

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.

Alternate Energy Holdings CEO Invited to Speak at Key Nuclear Energy Conference November 11, 2010

Posted by cleanidahoenergy in AEHI, nuclear industry.
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BOISE, Idaho, November 11, 2010 – Don Gillispie, CEO of Eagle, Idaho-based Alternate Energy Holdings, Inc (OTCQB:AEHI) (http://www.aehipower.com) has been invited to speak as an industry expert at the Platts 7th annual Nuclear Energy conference in Bethesda, MD, February 16-18, 2011.

As Platts describes it, the “Nuclear Energy conference is the leading forum for a strategic view of nuclear energy in North America, featuring the major players and experienced voices in the nuclear industry.” (http://www.platts.com/ConferenceDetail/2011/pc109/index) This year’s conference will cover the rapid growth of nuclear energy around the world, and explore how the United States can catch up. Sessions will delve into such details as reactor designs and financing schemes that can speed progress in the industry.

In his February 17 panel, Gillispie will talk about the cost advantages of nuclear power compared to other forms of energy and explain how his company, AEHI, is working toward building a large dual-reactor nuclear power plant in Payette County, Idaho. “My message will be that nuclear power is a clear winner compared to solar, wind, and other thermal sources, making it an attractive to both large power users and investors.  It is also important to let the industry know how AEHI is getting this plant locally approved and funded, so that other companies can begin following the unique model to help expand nuclear plants in the U.S. again,” says Gillispie, a 45-year veteran of the industry.

Gillispie will also describe how nuclear power can solve a growing world crisis-scarcity of clean water-with nuclear-powered desalination plants. AEHI’s Green World Water(TM) (www.greenworld-h2o.com) subsidiary is already marketing such systems, produced by China National Nuclear Corporation, through a new office in West Africa and other interested countries.

“I hope that this conference will show that the U.S. is once again on the path to a cleaner, safer, nuclear-powered future,” Gillispie says.

About Alternate Energy Holdings, Inc. (http://www.aehipower.com) — AEHI 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.

###

AEHI CEO Says Global Water Crisis Will Cause Growth in Market for Nuclear Desalination Plants October 18, 2010

Posted by cleanidahoenergy in AEHI, desalination, Green World Water, nuclear industry.
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BOISE, Idaho, Oct 18, 2010 (GlobeNewswire via COMTEX) — If you thought the world’s biggest woes will come from financial crises or potential shortages of oil and energy, think again. The looming crisis is a scarcity of water. The World Water Forum predicts that within 20 years, half the world’s population will be affected by water shortages, “with millions dying and increasing conflicts over dwindling resources.” http://www.independent.co.uk/environment/climate-change/water-scarcity-now-bigger-threat-than-financial-crisis-1645358.html

In fact, says a recent United Nations report, shortages are already beginning to slow economic growth everywhere from California and China to Australia and India.

“If the 20th century witnessed the rise and fall of nations over oil, the 21st century could be one in which the rise and fall of nations is determined by water,” wrote Yoichi Funabashi, editor-in-chief of the Asahi Shimbun, recently. http://www.reuters.com/article/idUSTRE69A3CE20101011?pageNumber=1

But the coming crisis is also bringing opportunities for companies, says Don Gillispie, CEO of Alternate Energy Holdings, Inc (otcqb:AEHI), a Boise-based company whose Green World Water(TM) subsidiary markets nuclear powered desalination systems produced by China National Nuclear Corporation based on an original Westinghouse design. “The innovation and ingenuity of the private sector can solve this looming global problem – and make money for investors,” he says.

UBS’s latest “Research Focus”, (September 2010) (http://www.ubs.com/1/e/index.html), predicts that the private industry water sector will, “grow faster than overall markets in the coming years. In particular, providers of water infrastructure, technology, and services that offer sustainable solutions to efficient water use are likely to experience solid growth.”

One bold project already underway involves scooping up 3 million gallons of water a year from a pristine lake in Alaska and shipping it to India. (http://www.newsweek.com/2010/10/08/the-race-to-buy-up-the-world-s-water.html)

Alternate Energy Holdings’ own analysis, however, shows that it’s easier and more cost-effective to produce pure water closer to where it is needed. And the best way to do that is to build nuclear-powered desalination plants, argues Gillispie. Gillispie is a 45-year veteran of the nuclear industry, and his company, AEHI, is already planning new electricity-generating nuclear power plants in Idaho and Colorado in the U.S. “A nuclear plant is basically a giant source of heat, so the heat can be used not only to make electricity but also to turn any source of water into steam than can be condensed into pure water,” Gillispie explains.

Gillispie and his Green World Water(TM) subsidiary (http://www.GreenWorld-H2O.com/) has at least initial interest from representatives of over 30 countries around the world. The company also opened an office in Nigeria in early October to market the systems to nations in West Africa.

Using 650 or 1100 Megawatt (MWe) nuclear desalinization reactors and water from the ocean, a single plant could produce 400,000 cubic meter of clean water a day, enough to meet the needs of 1,000,000 people. And since the plants also make electricity, they help countries meet their power needs. “Revenues from selling electricity would actually pay for the production of water,” explains Gillispie.

About Alternate Energy Holdings, Inc. (http://www.aehipower.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.

The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058

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.

Nuclear Plants Produce Lower Cost Power Than Other Forms of New Clean Energy, Such as Wind and Solar, October 7, 2010

Posted by cleanidahoenergy in AEHI, nuclear industry, Payette County.
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BOISE, Idaho, Oct 4, 2010 (GlobeNewswire via COMTEX) — Even as the world searches for clean, reliable sources of electricity, some critics say that one possible answer–nuclear power–won’t work because it is too expensive. “Nuclear power is quite uneconomic in the U.S., far more costly than a wide range of low-carbon alternatives, not to mention conventional sources of electricity,” argues Mark Cooper, senior fellow for economic analysis at Vermont Law School’s Institute for Energy and Environment, in a recent report. However, AEHI has seen no documented evidence that Mr. Cooper has experience designing, building or operating any energy plants and the Pro Nuclear Democrats website indicate his “study has been debunked and taken to task by many.”

“Cooper and other nuclear critics are wrong,” says Don Gillispie, CEO of Alternate Energy Holdings, Inc. (otcqb:AEHI) /quotes/comstock/11i!aehi (AEHI 0.82, +0.02, +1.99%) . “It’s time to expose the myth that nuclear power is more costly than wind, solar and other renewables. In fact, nuclear power can successfully compete even with inexpensive coal-fired electricity. Further, I can tell you that the first question from informed investors regarding renewables is, ‘What are the subsidies?’ The question arises because renewable power sources have proven unprofitable without taxpayer funding. Germany’s large wind power projects would not be possible without government subsidies. Many U.S. states are mandating a percentage of their power come from renewables which is effectively another high tax on electricity consumers.”

A 45-year veteran of the nuclear industry, Gillispie has the experience and numbers to back up his assertions. His company is preparing to build two big 1700-megawatt (MWe) nuclear plants in Payette County, Idaho that will produce electricity more cheaply than new wind and solar can, by a long shot.

Nuclear critics like Cooper calculate that the cost of one new 1700 MWe nuclear power plant is $10 billion or more. At that price, electricity from the plant would cost at least 16 cents per kilowatt hour (kWh) according to Cooper. That’s far higher than the 3-5 cent cost of coal power (though that will increase to 10 cents or more with tougher coming emissions standards). It’s higher than the widely claimed figures of 8-10 cents for wind or 12-18 cents for big solar thermal plants including subsidies.

“Don’t believe it,” says Gillispie. “First of all, one of the big untold stories is that renewables are much more expensive than these figures indicate. For instance, it costs more than $10 billion to build 1700 MWe worth of wind or large-scale solar, but renewables only operate a fraction of the time, so the cost per MWe is far higher,” Gillispie explains. “The real price of wind is more like 16-20 cents per kWhr without subsidies. Solar is more than 20 cents. A lot of games are being played to make renewables look sweeter than they are including ignoring subsidies,” Gillispie says.

Even environmental activist and attorney Robert F. Kennedy, Jr. agrees that electricity from new wind farms is more than twice the price of competing alternatives. http://www.nytimes.com/2005/12/16/opinion/16kennedy.html?_r=1

In addition, the typical wind farm or solar installation has a planned life of 15-20 years. A nuclear plant can operate for 60-100 years. “That means capital costs for nuclear plants can be amortized over many more years, reducing the overall costs per kWhr,” says Gillispie.

Most importantly, the price of nuclear plants is far lower than critics like Cooper estimate. “My company is on track to build not one, but two, large plants in Idaho for $9 – $10 billion,” Gillispie says. Reasons for the lower price tag include competition as new suppliers enter the market, which is lowering the capital cost, and the fact that key components are being built in Asia, where manufacturing costs are lower.

“The power from these new plants would cost 4-5 cents per kWh and based on today’s market, the carbon credits it creates could be sold for hundreds of millions of dollars as well,” says Gillispie, “This makes nuclear competitive with coal, with a decided clean-air advantage, since coal is the single biggest contributor of global warming in the world not to mention heavy metals like mercury and other lung damaging particles. And the price of nuclear power alone makes it a huge bargain over wind and solar. Further, we must have baseload electricity, which means large, highly reliable sources of power that renewables can’t deliver and if we don’t build clean low cost nuclear plants it will be more of the same; pollution from toxic coal plants that are already being planned because of the current nuclear plant delays.”

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.

The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058

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.

Excellent Forbes story on nuclear construction September 10, 2010

Posted by cleanidahoenergy in economic benefits, nuclear industry, nuclear jobs.
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This is a good story updating the progress of Southern Co.’s construction of nuclear reactors. Most significantly, 1,300 people are working on this job and the company doesn’t even have its final COLA (Combined Operating Licence) finished yet. This is strong, ongoing proof that nuclear plant construction puts people to work.

Alternate Energy Holdings, Inc. CEO Makes Case for Nuclear Power August 31, 2010

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“America Produces 31% of Global Nuclear Power Generation,” Says Don Gillispie of AEHI

BOISE, Idaho, Aug 31, 2010 (GlobeNewswire via COMTEX) — The tragic Deepwater Horizon oil spill is yet another reminder of the toll Americans pay for their energy. Coal kills miners and pollutes streams and the air. Oil production can be dangerous, while Americans’ dependence on foreign petroleum sends billions of dollars a year to other countries. Similarly, natural gas production and hydraulic fracturing (“fracking”) have raised concern about contaminating local water supplies with toxic chemicals.

But there’s one energy source that’s safe, clean and homegrown, argues Don Gillispie, CEO of Eagle, Idaho-based Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com), the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. That source: NUCLEAR POWER. “For more than three decades, nuclear power plants have produced about 20% of America’s electrical power safely, cost-effectively and securely, without incident,” Gillispie said.

Gillispie acknowledges there’s a perception that nuclear power plants are catastrophes waiting to happen. But that perception is not supported by the facts. “America’s nuclear energy industry has achieved a positive safety record with no deaths or injuries from radiation in its history, including the Three Mile Island incident,” he said. “Worker safety in nuclear plants stands heads and shoulders above any other U.S. industrial sector, as measured by lost-time accidents.”

The AEHI CEO pointed out that one primary reason why America’s nuclear energy sector has such a stellar record is that after Three Mile Island, the industry established its own organization, the Institute of Nuclear Power Operation (http://www.inpo.info/index.html), to evaluate nuclear power plants, train workers, and achieve high levels of safety and reliability.

Gillispie, a founding member of INPO, stated “INPO’s industry peer review, nuclear best practice communication, sharing of operating experience and safety drills at each of the 104 U.S. nuclear power plants makes the civilian nuclear electric power industry the safest industry in America.”

“America still is the largest producer of nuclear power,” stated Gillispie, “with about 31% of the total worldwide nuclear generation. And with all of the political pressures to legislate so-called green environmental standards, more and more nations are now considering nuclear power as a safe alternative energy source. The future is bright for nuclear power.”

See complete release here.

Congress Urged to Increase Loan Guarantees for Additional Nuclear Power Plants July 30, 2010

Posted by cleanidahoenergy in loan guarantees, nuclear industry, Western Governors Association.
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This is a very welcome bit of news from the Western Governors Association, dated July 29.

FOR IMMEDIATE RELEASE
July 29, 2010

Contact:  Rich Halvey
Phone: 303-623-9378

DENVER — The Western Governors’ Association today urged Congress to increase federal loan guarantee authority for new nuclear development by $36 billion, the amount included in President Obama’s 2011 budget request. Doing so would enable the financing of six to nine additional new reactors beyond those previously authorized.

Writing on behalf of their colleagues, Idaho Gov. C.L. “Butch” Otter, WGA’s Chairman and Washington Gov. Christine O. Gregoire, WGA Vice Chairman, said this increased loan guarantee volume “will encourage the kind of clean and reliable electric power that will ensure the long term economic and environmental sustainability of the West.”

Western governors unanimously adopted in June a resolution supporting the additional loan volume. Among other recommendations, the resolution calls for the expansion of the federal loan guarantee program to allow future private sector investment in new nuclear projects, and for the expedited issuance of loan guarantees in all energy sectors. The program was authorized by the Energy Policy Act of 2005 to promote innovative technologies in the electricity sector that avoid, reduce or sequester greenhouse gas emissions.

“For many years, WGA has provided innovative integrated environmental and energy stewardship for the West,” the governors said in a letter to House and Senate appropriations committees. “The present economic downturn has underscored the necessity for focusing with greater urgency on those strategies that will create not just a cleaner environment, but private sector investment that will return Americans to the workforce in quality, high-paying jobs.”

According to the Nuclear Energy Institute the commercial nuclear energy sector procures nearly $15 billion in goods and services each year from every state in the Nation. In just the past three years, private investment exceeding $4 billion in the domestic nuclear supply chain has created some 16,000 jobs in anticipation of a new wave of U.S. nuclear plant construction, partly in response to the $18.5 billion in federal loan guarantee authority provided by Congress.

“Increasing that authority by an additional $36 billion, as the Administration has proposed, would trigger faster development of the nuclear supplier infrastructure and workforce,” the governors said. “The clean energy loan guarantee program protects taxpayers while providing the necessary financing support that will maximize the job creation potential of the Nuclear Renaissance.”

A copy of the letter and additional information on WGA energy policies are available on the Web at http://www.westgov.org.

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.