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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.

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Payette County Commissioners expected to vote on AEHI proposed nuclear power plant April 23, 2010

Posted by cleanidahoenergy in AEHI, approval process, Payette County, public opinion, rural nuclear, Uncategorized.
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EAGLE, IDAHO – April 23, 2010 – Alternate Energy Holdings, Inc. (OTCBB: AEHI) — Payette County Commissioners are expected to announce their decision Monday, April 26th at 11:00 AM concerning a change to the county’s comprehensive plan.  If approved, it would open the door to a proposal to build a nuclear power plant near New Plymouth, Idaho.

Commissioners currently have four different plan changes to choose from, all of which work very well for a nuclear power plant.  Should they choose the AEHI proposal, the company can then move forward on plans to rezone the property from agricultural to industrial.

“The county and an overwhelming majority of residents have already spoken out at a number of public meetings, telling the commissioners they want nuclear power in their community, and I believe the commissioners paid close attention to those requests,” said Don Gillispie, AEHI CEO.

The change to the comprehensive plan not only makes it possible to use the 5,000 acre parcel near Big Willow Road and Stone Quarry Road for industrial purposes, but it is worded specifically for a nuclear power plant.  This means the plan would allow for an industrial complex on the land only if that complex is a nuclear power plant.

The proposal has met with a great deal of support in Payette County, since the plant is expected to produce around 5,000 jobs through construction, and more than 1,000 jobs during operations.  Those jobs average $60,000 and $80,000 respectively.

The revenue during construction is also attractive to the county and the state.  Idaho will see an increase of $5.3 billion to its GDP and $4.8 billion of that money will flow directly through Payette County.

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 assisting KEPCO (Korea Electric Power Corporation) to export their APR 1400 reactor into the US 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.

US public support for nuclear at record high April 2, 2010

Posted by cleanidahoenergy in Energy policy, public opinion, reprocessing.
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American public support for nuclear just keeps increasing. According to the World Nuclear News, US public support for nuclear energy has reached a record high, with 74% of people saying they are in favour of nuclear energy.

Surveys have shown a significant change in the US public’s view of nuclear energy over past years. In 1983, a Bisconti poll showed 49 percent of Americans supported nuclear.

The latest poll found 80 percent of  men and 68 percent of women favor nuclear. It also showed 33 percent strongly favored nuclear, more than triple the number who strongly oppose it. Some 87 percent of those questioned said they believe “nuclear energy will play an important role in meeting the nation’s electricity needs in the years ahead.”

In addition, 70 percent of respondents agreed the USA should “definitely build more nuclear power plants in the future”, compared with 28 percent who disagreed. The poll also showed high support for the US government  encouraging investment and 72 percent of those questioned said they backed government loan guarantees.

In addition, 82 percent said existing US nuclear power plants are “safe and secure” and some 79 percent  also said they would support a US plan to recycle used nuclear fuel rods in order to generate more electricity and reduce the amount of waste.

“This unprecedented support for nuclear energy is being driven largely by people’s concerns for meeting future energy demand and environmental goals, but it coincides with statements by President Barack Obama and other national leaders who have voiced strong support for new nuclear power plants,” said Ann Bisconti, president of Bisconti Research. “The President’s State of the Union speech and his subsequent announcement of federal loan guarantees for new nuclear reactors in Georgia clearly has elevated the issues in people’s minds.”

Last week, by the Gallup polling organization published a public opinion poll that also found a record high support for use of nuclear energy in the USA.