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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

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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.

Setting the record straight with The Streetsweeper November 15, 2010

Posted by cleanidahoenergy in setting the record straight.
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Many of you have asked for an explanation of the allegations made in the Streetsweeper article.

Here it is point by point:

AEHI: The Story, the Holes and the Secrets They Hide

by Melissa Davis – 11/4/2010 7:58:06 AM

 

Alternate Energy (OTC: AEHI.PK) has spent the past four years selling investors an incredible – if incomplete – story.

The basic plotline goes something like this: AEHI will somehow secure the funding and approval necessary to build a multibillion-dollar nuclear power plant in Idaho that’s virtually guaranteed to deliver eye-popping profits for investors. That version of the story contains some gaping holes, however, filled with pesky secrets that threaten to ruin this fairy-tale ending.

 

Take the first chapter in this ongoing saga, just for starters. Initially, AEHI CEO Donald Gillispie said the company would build its nuclear power plant in Owyhee County – touting a deal inked with “prominent Idaho landowner and businessman” James Hilliard — and spent the next year portraying that site as a suitable location for such a project. In the spring of 2008, however, AEHI suddenly announced that it had abandoned that site due to troubling fault lines and shifted the project to nearby Elmore County instead.

 

Unistar was originally contracted to vet the site, but failed to recognize the fault line, which would not pass our standards or the criteria outlined by the Nuclear Regulatory Commission.  The site was later deemed unsuitable after an independent geologist brought the fault to the attention of AEHI.

 

In a sworn deposition that surfaced last month, however, Gillispie offered far different reasons for that abrupt change of plans.

 

“There were two things going on,” he states in that document. “First of all, we had not received funding because we lost our silent partner there … The other thing going on was that Hilliard would not – he had been extending the contract whenever it came up, like a six-month contract – and in early ’08, he didn’t extend it.”

 

This statement was taken out of context.  The partner loss had no bearing on the site.  That issue does not negate the fact that AEHI could not build on the site, since the fault line makes it impossible to do so.  That issue supersedes all others.

 

Gregory Holtz, the local realtor hired to sell the land in both Owyhee and Elmore counties, confirmed the latter version of events. In a recent interview with TheStreetSweeper, Holtz insisted that geological studies had actually cleared the Owyhee County property for a nuclear power plant – a claim supported by Gillispie’s own comments in his deposition – and that AEHI had simply failed to pay for the property instead. Moreover, Holtz portrayed the second site in Elmore County as farmland (sold to a local dairyman) that was never considered as a realistic site for a nuclear power plant at all.

 

Gregory Holtz was a real estate agent, with no degree or background in nuclear power or energy.  Holtz thought he could get site approval in the same area on his own for a nuclear power plant, but quickly learned he didn’t have the background to accomplish it.  He does not know or understand the siting process and therefore is not credible in this matter.  He is correct in stating that the Owyhee County site was originally cleared by Unistar; but that was before the fault line was discovered.  The fault line is no secret and has since been well documented as the ultimate reason for AEHI’s departure from Owyhee County.

 

Holtz went on to classify AEHI’s latest site for its nuclear plant, a location in arid Payette County, as the worst option of the three and confidently predicted that this plan will fall through as well.

 

Again, Holtz has no expertise on which to base his opinion.  His comments towards AEHI maintain a personal bias.  On the other hand, Enercon (a well-known and respected engineering firm that regularly deals with nuclear power plant sites) has accomplished their preliminary assessment of the property.  Enercon officials have determined the site is absolutely in line with everything required for a nuclear power plant and that there are no faults to preclude the property for being used as such.   These preliminary assessments are necessary prior to applying with the Nuclear Regulatory Commission.

 

“Gillispie still can’t come up with the money,” Holtz stated. “He can’t actually build it, anyway. The NRC (Nuclear Regulatory Commission) will never give him approval, and he knows that.

 

Mr. Holtz is in no way knowledgeable about the NRC or how the agency operates. He has never built or licensed a nuclear plant, although it has been said that he once worked as a laborer at a nuclear plant. He is a small-town real estate agent and has no engineering or financial training and with absolutely no experience in operations, citing, maintaining, building, or managing a nuclear power plant.  Mr. Gillispie, on the other hand, has over 45 years of experience in the nuclear industry.  He has built, maintained, managed, expanded, and has been personally involved with the approval process on a variety of sites.  During those years he has maintained a working relationship with the NRC and the people who work there.  Getting sites like these approved has been a major part of his career.

As far as the money is concerned, it is ironic that statements like this are being made just a few days following an announcement that AEHI secured the initial round of funding ($150 million).

 

“If he doesn’t know that,” he added, “he shouldn’t be in this business.”

Holtz cited a slew of obstacles facing AEHI, with lack of financial resources ranking high on that list. He estimated that a company would need at least $200 million – compared to the paltry $8.4 million AEHI now has in the bank – to even begin negotiating the deals that might lead to federal approval of a nuclear power plant.

 

Again, Holtz, who has no experience in anything regarding nuclear power plants and is apparently unaware, or ignorant of the fact that AEHI was just committed $150 million by Roswell Capital Group.  He is an out spoken opponent of the plant with no knowledge of nuclear plant funding or public companies. Melissa Davis is also less than honest by posting such a statement, when she clearly knows about the financial commitment, since she writes about it later.

 

AEHI refused to be interviewed for this story.

 

AEHI refused to take part in the interview with Streetsweeper after discovering that the purpose of the website is to publish negative stories about companies, while backers for the site short the company’s stock.  The site only uses layman quotes to promote their negative views instead of real experts and none of their stories maintain any sense of balance.  This method has been exposed by a variety of sources, not the least of which is the American Journal Review.  Their latest article “Short on Ethics” can be viewed at http://www.ajr.org/article.asp?id=4911.

Side Deal

This spring, AEHI quietly launched a plan to generate at least half of the funds that Holtz believes the company will need.

After raising millions by selling its own stock, AEHI began peddling interests in a subsidiary – Reactor Land Development LLC – that could monopolize an asset that AEHI investors expect to handsomely profit from themselves. Under a strategy outlined in a confidential Private Placement Memorandum, LLC investors will supply $100 million to secure the property and approvals necessary to build the nuclear power plant and will gain majority control over a potential $1.5 billion asset in the process.

 

Once AEHI scores the land and approval required for its nuclear project, the PPM explains, the company will see that site skyrocket in value and use it as collateral for the billions it will need to actually build a nuclear power plant. But the LLC – rather than AEHI itself – stands to reap most of those benefits, the PPM indicates, with LLC investors first recouping their $100 million principal and then pocketing 80% of any future profits generated from the deal and AEHI picking up only the 20% that’s left.

 

The Reactor Land Development private placement document was developed by an attorney as an optional method to fund the nuclear site and was clearly identified in the company’s filings and was created for highly qualified investors only.  Under this particular investment, if all units were sold they would give no more than a 5%  interest in the operating  reactor, not the company.  These investors would have had less than 4% interest in  AEHI.  AEHI stock investors would have remained the majority stockholders.  In fact, this PPM never raised any funds as AEHI was able to obtain the necessary funding with a new equity line worth $150 million.  So, based on the existing facts, any discussion about the PPM is moot as it was disclosed, but never used. This was in AEHI SEC filings.

 

AEHI has shared a far different story with its own investors, repeatedly indicating that they will fully capitalize on that $1.5 billion asset instead. The company has also suggested that it will control the actual power plant and retain the hefty profits – estimated at $3 billion a year – resulting from its electricity sales.

 

According to the PPM, however, AEHI has no real plans to operate a nuclear power plant at all.

 

“At the completion of the permitting process, management intends to wind up the LLC, assigning its assets to an entity that will finance, construct and operate one or more reactors at the site,” the PPM states. “Management believes that it is likely that any reactor at the site will be owned and operated by a consortium or joint venture that would include nuclear reactor suppliers (e.g. Westinghouse) and reactor customers (i.e. electric utilities), with the LLC and AEHI participating as the site and project developers.”

 

This was taken out of context.  AEHI would be the “entity” to own and operate the plant, but like all large nuclear plants would be willing to sell minority equity positions to others such as utilities. This is in the PPM and our SEC filings.

 

By playing a limited role in that ambitious project, critics say, AEHI stands to collect a limited portion of the resulting profits – if they actually materialize – as well.

 

Sticker Shock

Meanwhile, AEHI continues to seek funds for expenses that are supposed to be covered by money raised through that private placement.

 

Not true.  This is in reference to the old abandoned PPM, which has nothing to do with how AEHI is currently raising funds.

 

Just last week, for example, AEHI announced that Source Capital – a Connecticut firm with a history of regulatory violations – would be supplying the funds necessary to secure the property and approval for its project. Within days, however, AEHI inexplicably canceled that deal (originally touted more than a year ago) in favor of a new one forged with yet another financing partner.

 

Not true.  The Source Capital Group agreement was for $120 million, the Roswell agreement was for $150 million.  The reason for switching firms should be extremely clear – more money.  Both amounts were also disclosed in previous press releases.

 

As detailed in an earlier story by TheStreetSweeper, AEHI has by now seen financing arrangements with at least three other firms fail to generate the promised funds. (One of those firms soon went out of business, records show, while another wound up tainted by criminal charges.)

 

Two companies offered to raise money from their investors early on in the project.  They could not deliver as promised as the economy was failing. The third company was Cobblestone, which offered a $3.5 billion loan for plant construction. AEHI has not reached that phase so has not asked for any loans. They claim the funds are from foreign sources and are still available.

Also, recent deals with Source Capital and Roswell Capital Partners were approved to move forward immediately.  As was previously stated, AEHI pulled out of the agreement with Source due to a larger stream of money from Roswell.  Neither of these two companies failed to follow through on financial agreements.

 

Even so, AEHI has portrayed itself as an irresistible success. Back in January, for example, AEHI emphatically stated that investors continue to support the company “because they’ve learned there is no downside to investing in a nuclear power plant.”

 

The federal government – which is offering generous loan guarantees that AEHI would like to secure – has apparently reached a different conclusion, however. Last month, The New York Times reported, Constellation Energy (NYSE: CEG) abandoned plans for a nuclear power plant after the U.S. Energy Department demanded a hefty upfront fee for a government-backed loan due to risks associated with the project.

 

“The Energy Department evaluated Constellation’s proposal the way a bank would look at a prospective credit card customer or home buyer and set the fee according to the borrower’s creditworthiness,” the Times explained. “Essentially, the Energy Department argued that Constellation’s project is so risky that the company must pay a high fee or provide other assurances of repayment if it wants the taxpayers to guarantee its construction loans.”

 

Specifically, the Times said, the Energy Department determined that Constellation should pay an $880 million upfront fee – or 11.67% of the $7.6 billion loan it requested – in order to secure a government-backed loan for its project. Constellation declared the fee “shockingly high,” the Times said, and backed away from the big-ticket project instead.

 

Compared to AEHI, critics say, Constellation looks like a relatively safe bet. After all, they note, Constellation is a long-established energy player with a huge cash pile – totaling almost $3.5 billion – in the bank.

 

Any commentary about Constellation is severely misleading as their decisions are based on a debt problem.  Constellation is a utility and is therefore constrained by regulatory entities.  Even with billions of dollars in the bank they still cannot build a nuclear power plant without major financing, for which they are unable to qualify without loan guarantees.  Some of this is due to the company almost going bankrupt a year ago and they have poor credit, which is why they are selling UniStar and the Calvert Cliffs project to raise funds to address their debt.

AEHI is an independent and therefore unregulated entity in its power-pricing structure.  Because of this, AEHI has the ability to acquire funding from a variety of sources, including international entities, which Constellation cannot. Also, AEHI has neither debt nor bad credit.

Hard Numbers

For its part, AEHI has predicted that it will generate enough profits to pay off any construction loans (whether the government backs them or not) and still have plenty of money to spare.

 

When pitching its plans to investors, AEHI has regularly claimed that its proposed 1,600-megawatt power plant will “create about $3 billion annually in reliable profits for 60 years.” That target looks rather unrealistic, however, when compared to the actual results reported by current players in the industry. Last year, for example, Entergy (NYSE: ETR) – the nation’s second-largest nuclear power supplier with 5,000 megawatts of capacity — cleared just $631 million on power sales from all of its nuclear power plants combined.

 

Not true.  For one, there is no such thing.  AEHI is looking at  1,100 megawatt, 1400 megawatt and 1700 megawatt reactors.  AEHI has always stated it would be a dual system plant, which means two reactors – doubling the overall capacity.  Also, we never stated $3 billion on 1600 megawatts, a total fabrication. It is possible with a 3400 megawatt (dual unit) plant using wholesale power prices in California, a major market for the power to have profits in the billions by 2018.

As for the revenue, you cannot compare what AEHI is doing with Entergy.  Entergy’s plants are old (in the neighborhood of 25 to 30 years old).  They are regulated facilities and are dealing with long-term contracts.  Those contracts involve prices that are not comparable to today’s market. Because AEHI is not regulated, the company has the ability to wholesale the power at today’s west coast prices, some of which is going for as high as 15 to 20 cents per kilowatt hour.

 

Therefore, AEHI would need to charge about 15 times more for its nuclear power – which it is touting as an affordable source of energy – than Entergy does in order to reach its lofty goals.

 

Moreover, experts say, AEHI still faces massive costs associated with delivering that power as well. John Weber, a longtime skeptic of AEHI, recently examined Idaho’s transmission capacity when participating in a utility-sponsored meeting on the state’s “Integrated Resource Plan.” Even if AEHI could somehow secure the funding and approvals necessary to build a nuclear power plant, Weber determined, the company would still need to build a high-priced transmission line before it could actually sell that electricity.

 

“I would assume, to get the best price for the power, it would have to go to southern California,” Weber says. “So figure 1,000-plus miles at $3 million per mile. That is $3 billion and at least 10 years (in the future) – if ever.

“So it just amazes me,” he concludes, “that people actually buy this stock.”

 

John Weber is not just a skeptic; he is an AEHI anti-nuclear opponent who retains a position on the Board of Directors for the Snake River Alliance.  Like Holtz, he is not an expert in nuclear power or transmission. He does not even understand transmission tariffs and that the buyer not the seller pays them.  In reality, transmission lines are already in the works near the plant:

http://corridoreis.anl.gov/documents/docs/Energy_Corridors_final_signed_ROD_1_14_2009.pdf http://www.gatewaywestproject.com/schedule.aspx

The Gateway West project is slated to be finished right about the same time as AEHI’s Idaho Energy Complex, which makes transmission a non-issue.

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.

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Alternate Energy Holdings, Inc. to Begin Final Local Approval Hearings for the Idaho Nuclear Power Plant Site November 9, 2010

Posted by cleanidahoenergy in AEHI, Payette County.
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BOISE, Idaho, Nov 9, 2010 (GlobeNewswire via COMTEX) — Alternate Energy Holdings, Inc. (otcqb:AEHI) (www.aehipower.com) announced today that the first final local approval hearing for the Payette, Idaho nuclear power plant site has been scheduled. Payette County Planning and Zoning Commissioners set December 2, 2010 at 7 p.m. as the beginning of public testimony before they can rezone the proposed site from agricultural to heavy industrial.

Planning and Zoning Commissioners approved the initial rezone phase in favor of AEHI by a broad majority. During that stage they indicated that should they approve the final rezone the site must only be used for a nuclear power plant.

AEHI filed its rezone application in late June, which has since been thoroughly reviewed by County officials and an independent engineering firm.

Previous hearings have proven nearly 80 percent support for AEHI’s plan, which is expected to increase county employment levels by up to 5,000 jobs during the construction phase alone.

AEHI recently announced it acquired a funding facility commitment worth up to $150 million from Roswell Capital Partners, which is designed to pay for the land, water rights and application fee with the Nuclear Regulatory Commission, which is required prior to plant construction.

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 Don Gillispie Interviewed by CDTV.net November 8, 2010

Posted by cleanidahoenergy in AEHI, CDTV.net.
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BOISE, Idaho, Nov. 8, 2010 — Alternate Energy Holdings, Inc. (OTCQB: AEHI; www.aehipower.com), which develops and markets innovative clean energy sources, announced today that CEO Don Gillispie has been interviewed by CDTV.net, a New York-based online financial network. (www.cdtv.net). See on YouTube here.

The founder of the Idaho-based company highlighted AEHI’s latest achievements, including the signing of a $150 million funding commitment with institutional investor Roswell Capital Partners to fund the initial phase of AEHI’s proposed commercial nuclear power plant, called Idaho Energy Complex, in Payette County, Idaho.  AEHI is the nation’s only independent nuclear power plant developer seeking to build new power plants in non-nuclear states. 
Mr. Gillispie also points out the economic benefits of building a nuclear power plant in Idaho.

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 Don Gillispie Predicts Resurgence for Nuclear Power Following National Election November 3, 2010

Posted by cleanidahoenergy in Politics and nuclear.
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BOISE, Idaho, Nov. 2, 2010 (GLOBE NEWSWIRE) — If Republicans win big in today’s election, as expected, they won’t be the only victors. “The other big winner will be nuclear power,” predicts Don Gillispie, CEO of Alternate Energy Holdings, Inc. (OTCQB:AEHI), (www.aehipower.com), a Boise-based company that seeks to build new nuclear power plants and nuclear desalination systems. “After today, we should see a resurgence of the industry, the likes of which we haven’t seen in 30 years.”

The reason: The likely GOP winners are far stronger supporters of nuclear power than Democrats and most Democrats who will remain are likely to be pro nuclear. “This is true not just in Congress, but also in governors’ offices and state legislatures,” Gillispie explains.

If Republicans take back the House of Representatives, for instance, the new Speaker of the House will be Representative John Boehner (R-OH). Boehner is a strong proponent of nuclear power and he wants to lift the current ban on using Yucca Mountain. “That would go a long way towards easing public concerns about the storage of spent fuel,” says Gillispie.

Boehner has plenty of company. The list of candidates for the House and Senate pushing for a nuclear resurgence is a long one. In Wisconsin, Republican businessman Ron Johnson is challenging Democratic Senator Russ Feingold. “Johnson is on record as saying that the expanded use of nuclear power would greatly reduce emissions while helping the economy move forward,” says Gillispie. Running for Arizona’s 3rd district, Republican Ben Quayle says roadblocks to nuclear energy are disastrous and need to be removed. In Oregon, Art Robinson, the GOP challenger to Democratic incumbent Representative Peter DeFazio, believes that expanding nuclear power can help prevent oil spills like the one in the Gulf of Mexico. And in Iowa, Mariannette Miller-Meeks, the Republican challenge for Representative, says nuclear power is the only viable baseload replacement for coal. “The new Congress will be more pro-nuclear than any Congress we’ve seen in decades,” says Gillispie, who’s seen many swings of the political pendulum in his 45-year career in the nuclear industry.

It’s not yet clear if Republicans will also take back the Senate, but the stronger GOP presence in both Houses of Congress – combined with the more pro-nuclear Democrats–means that any deal stuck on energy policy will almost certainly include a big boost for nuclear power, says Senate Republican leader Mitch McConnell (R- Ky). “We can expect to see faster regulatory approvals, more money in loan guarantees, and other policies that will jump-start the nuclear renaissance,” says Gillispie. “The more favorable federal climate for nuclear will also stimulate an explosion of private capital for new plants.”

The more auspicious climate will reach down to the state level. In Wisconsin, both candidates for governor – Milwaukee Mayor Tom Barrett, a Democrat, and Milwaukee County Executive Scott Walker, a Republican – say they will support lifting the ban on the construction of new nuclear power plants in the state. In Maine’s gubernatorial race, Republican mayor and Tea Party favorite Paul LePage is welcoming nuclear power plants to the state. And in many elections for state legislatures, the balance will also tip dramatically towards candidates who favor nukes. “If Republicans win more governors’ races and expand their power in state legislatures, as expected, we’re going to see many more nuclear-friendly policies in the states,” says Gillispie. “The new leaders understand that nuclear power is not only the right energy choice, it’s also a powerful engine for local economic growth.”

The bottom line: “When the history of nuclear power is written, November 2, 2010 will be a major turning point for the industry,” says Gillispie. “It will mark the beginning of a dramatic resurgence for nuclear power.”

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) 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.

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.

References :
http://firedoglake.com/2010/05/04/the-remarkable-transformation-of-john-boehner-from-drill-baby-drill-to-environmental-activist
http://www.renewableenergyworld.com/rea/news/article/2010/10/2010-us-election-preview-for-cleantech
http://www.vpr.net/news_detail/89053/
http://www.manchesterjournal.com/headlines/ci_16385983
http://www.theworldlink.com/news/local/article_fc931b26-dbc6-11df-a853-001cc4c03286.html
http://www.milwaukeenewsbuzz.com/?p=301934
http://indianadg.wordpress.com/2010/10/06/state-senate-candidate-eckerty-supports-nuclear-power-in-delaware-county-state-senator-sue-errington-proponent-of-renewable-energy/
http://www.piercecountyherald.com/event/article/id/29707/group/News/
http://www.onlinesentinel.com/news/levesque-attacksmichauds-record_2010-10-19.html
http://www.npr.org/templates/story/story.php?storyId=130653324
http://www.iowapolitics.com/index.iml?Article=214462

AEHI Secures Funding Facility for Idaho Nuclear Site October 28, 2010

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BOISE, Idaho, Oct. 28, 2010 (GLOBE NEWSWIRE) — Alternate Energy Holdings, Inc. (OTCQB:AEHI), a developer and marketer of innovative clean energy sources based in Eagle, Idaho, today announced a funding facility, Securities Purchase Agreement, with Source Capital Group, Inc. for the committed purchase of up to 170 million shares of common stock which is approximately $120 million today to cover payments for land, water rights, engineering work and Nuclear Regulatory Commission (NRC) application fees to obtain a combined construction and operating license (COL) for building and operating a nuclear power plant in Payette County, Idaho.

“Under the terms of the agreement we can draw upon the funding facility as needed for up to three years, which will allow us to effectively deploy capital following local approval in Idaho while minimizing dilution to shareholders. This facility is very timely as we expect the local approval process to be finished within the next few months,” said Don Gillispie, AEHI CEO.

The proposed plant has received overwhelming approval at previous hearings in Payette County, Idaho and has been given endorsements from every mayor in the county as well as the Payette and Fruitland Chambers of Commerce.

“We hope our success in Payette will become a model for other companies to seek out and build new nuclear power plants on greenfield sites. As a long-time executive in the nuclear industry, it has become clear that nuclear is needed. It is the only method for producing baseload power that is both inexpensive and clean. In the past, only massive utilities had the resources and wherewithal to undertake such a project. However, as an independent company with committed site funding, we are defining a new paradigm whereby nuclear plants can be deployed in a cost effective way, without passing on the capital costs to rate payers,” said Gillispie.

Source Capital’s obligations to purchase shares are subject to AEHI obtaining a registration statement for the shares of common stock.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Source Capital Group, Inc. (www.sourcegrp.com) — Source Capital Group, Inc. is a full-service financial institution, specializing in middle-market investment banking transactions, distressed and high yield debt securities, investment management, mortgages, and business lending. Source has provided equity, debt, and structured finance solutions to both public and private companies in a variety of industries, including energy, oil and gas, telecommunications, technology, biotech, and consumer goods. Source Capital Group, Inc. was founded in 1992 and is headquartered in Westport, Connecticut, member FINRA / SIPC.

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.

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

Posted by cleanidahoenergy in AEHI, approval process, Payette County.
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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. ###

Alternate Energy Holdings Will Likely Benefit From November Elections, Global Energy and Water Crisis, Says WallStreetCorner.com October 25, 2010

Posted by cleanidahoenergy in AEHI, desalination, economic benefits, Green World Water, stock market.
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BOISE, Idaho, Oct 25, 2010 (GlobeNewswire via COMTEX) — Alternate Energy Holdings, Inc. (otcqb:AEHI) (www.aehipower.com), which develops and markets innovative clean energy sources, is “positioned to be a successful emerging growth company because after the November elections, the next U.S. Congress, newly-elected governors and state legislatures are predicted to be more favorable to helping the U.S. nuclear power sector grow, ushering in a new pro-nuclear power era. The global scarcity of water and energy is another reason why AEHI will certainly prosper and prove to be a winner in the years ahead,” stated Larry Oakley, Editor and Publisher of WallStreetCorner.com (www.WallStreetCorner.com) in a special situation column, “Larry Oakley’s Comment,” published today. The South Carolina-based international investment newsletter is distributed to investors in 96 countries.

“AEHI, based in Boise, Idaho, is the nation’s only independent nuclear power plant developer seeking to build new power plants in non-nuclear states. The company’s plans bode well for the nuclear power industry. Our government has become quite favorable to expansion of nuclear energy. With the November elections coming soon, both Republicans and Democrats in the House and the Senate want to put forth their approval of power from nuclear plants. I see a rather strong shift to nuclear power. There has also been a new wave of investor interest in companies associated with nuclear power. AEHI, in my opinion, will profit greatly from the present awareness of the advantages of nuclear energy,” stated Oakley.

On a global basis, Oakley discussed the company’s Green World Water(TM) subsidiary (www.GreenWorld-h2o.com), which is marketing the world’s first large commercial nuclear desalination reactor produced in China that have the ability to create large amounts of clean water and power simultaneously to meet the needs of entire communities. He cited a recent UN report indicating that shortages are already beginning to slow economic growth everywhere from California and China to Australia and India.

Oakley noted that AEHI’s CEO Don Gillispie views the global crisis as “bringing opportunities for companies like AEHI. The innovation and ingenuity of the private sector can solve this looming global problem — and make money for investors.”

Regarding the company’s shares, Oakley stated: “I was really upset when I saw the illegal shorting of AEHI shares incited by lies in a publication. One of my greatest concerns is the hateful things some shorters engage in to artificially make a stock’s share price go down so they can make more money when they cover their shorts. Fortunately, a highly respected news source, Pinnacle Digest (www.pinnacledigest.com), came to the rescue.” In his column, Mr. Oakley provided excerpts of Pinnacle’s investigative report on AEHI, which takes a very strong and positive position about the future of AEHI. As examples: