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Great coverage in the Boise Weekly December 8, 2010

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

Payette: The County of “Yes”

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

by George Prentice

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

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AEHI Announces Overwhelming Written Support for Nuclear Site Rezone December 2, 2010

Posted by cleanidahoenergy in AEHI, Payette County.
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BOISE, Idaho, Dec. 2, 2010 (GLOBE NEWSWIRE) — Alternate Energy Holdings, Inc. (OTCBB:AEHI – News) http://www.aehipower.com) today announced the company has received an overwhelming percentage of written support for an advanced nuclear power plant in Payette County, Idaho. The count was made prior to the company’s initial rezone hearing, which is scheduled for this evening, December 2, 2010 at 7 p.m. MST at the Payette County Courthouse. The deadline for written testimony was November 26th. The letters show written support level of approximately 80% in favor of the proposed rezone of AEHI’s proposed nuclear site. Two letters came directly from mayors of nearby New Plymouth and Weiser, Idaho.

The percentage of support from these letters are very reminiscent of the previous round of hearings, which ended with County Commissioners voting unanimously in favor of a change to the county’s comprehensive plan for the site from agricultural to industrial specifically for a nuclear power plant.

The comprehensive plan change now allows for a formal rezone of the property including local approval to construct a nuclear plant on the site.

The company anticipates it will begin collecting environmental data in the first quarter 2011 in preparation for submitting a construction and operating application (COLA) to the Nuclear Regulatory Commission.

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.

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

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

AEHI Requests Email Comments Prior to Rezone Hearing Time is Running Out to Show Support in Writing November 24, 2010

Posted by cleanidahoenergy in AEHI, economic benefits, nuclear jobs, Payette County.
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EAGLE, Idaho, November 23, 2010: Alternate Energy Holdings, Inc. (OTCQB:AEHI; http://www.aehipower.com) requests that supporters of the company’s plan to build a nuclear power plant in Idaho email written testimony to the Payette County Planning and Zoning Commission.

The deadline for all emailing testimony is the end of business on Friday, November 26th, 2010.

These will prove invaluable as commissioners willl use them and verbal testimony at the hearings to determine the future of the proposed nuclear power plant.
The process is simply, just send an email stating your name, where you live, and a brief statement of support for AEHI and the proposed project

Send the email to: lroyston@payettecounty.org, or imachuca@payettecounty.org.
If you can also attend the upcoming hearing, please do so and please testify.
The hearing is scheduled for December 2nd, 2010 at 7:00 p.m. at the Payette County Courthouse, which is located at 1130 3rd Ave. North, Payette, 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.

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. 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.

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 Prepares for Final Rezone Phase in Payette County October 14, 2010

Posted by cleanidahoenergy in AEHI, Payette County.
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BOISE, Idaho, Oct. 14, 2010 (GLOBE NEWSWIRE) — Alternate Energy Holdings, Inc. (OTCQB:AEHI) ( http://www.aehipower.com), a developer and marketer of innovative clean energy sources based in Eagle, ID, today announced that their plans to build a nuclear power plant in Payette County, Idaho, will now enter the final local and state approval process. This comes on the heels of an announcement from Payette County that the process is moving forward.

Wednesday’s public announcement reports, “As of last week, the technical review committee completed its analysis and is in the process of preparing a final report.”

The next step involves a public hearing before the Payette County Board of Planning and Zoning Committee. The remaining process could be finished as early as the end of the year.

“We are very excited to finish this process and I am confident in the technical findings. The Board of Commissioners already unanimously approved our petition during the first zoning phase and even indicated in their decision that the only project that could locate on the property in question is a nuclear power plant. I believe this speaks volumes about where this process will be in just a few months,” said Don Gillispie, AEHI CEO.

Previous hearings were heavily weighted in favor of AEHI’s plan, with at least 80 percent of those attending showing support for the building of a nuclear power plant. In fact, every mayor in Payette County and the Payette Chamber of Commerce all wrote letters of endorsement for AEHI.

The numbers are very similar to a poll performed by the Nuclear Energy Institute; the most recent shows 84 percent of neighbors of current nuclear power plants hold a favorable impression of the local nuclear power plant. ( http://www.nei.org/resourcesandstats/documentlibrary/newplants/reports/third-biennial-nuclear-power-plant-neighbor-public-opinion-tracking-survey ).

Employment opportunities and overall revenue play key roles in many of these. During construction, the Payette County Plant is expected to bring $5.3 billion to Idaho, which is about 10 percent of the State’s gross domestic product. The project will create approximately 5,000 peak jobs, which average $60,000 during construction and over $80,000 during operations.

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 in Payette County October 13, 2010

Posted by cleanidahoenergy in errata, Payette County.
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Payette County has issued the following press release clarifying our application with them. Don Dressen’s previous comments to Stockhouse.com were erroneous and did not represent the official county view, which is to process our nuclear plant application in a neutral manner. The county’s release does need one clarification, however. We submitted our application to the county in July. After the county completes its technical review (currently in-process), our application and the technical review will go to the three-member elected Payette County commission for review.

Click on this link to see the Payette County release.

Alternate Energy Holdings Suspends Plans for a Reverse Stock Split September 7, 2010

Posted by cleanidahoenergy in AEHI, Green World Water, Hyperion Power Generators, Payette County, stock market.
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Decision Based on Potentail Near-Term Milestones
BOISE, Idaho, Sep 7, 2010 — Alternate Energy Holdings, Inc. (OTCQB: AEHI) today announced a decision to suspend all efforts involving a reverse stock split with the anticipation of milestone events in the near future that could greatly reduce a reverse split or render it unnecessary in order to uplist to the major exchange.

Based on confidence in AEHI’s accomplishments and long term potential, company directors and line officers have maintained their stock ownership, in which no shares have been sold since company inception.

Some of the expected near-term milestone events include potential sales of nuclear desalination systems from AEHI subsidiary Green World Water™ (www.greenworld-h2o.com), a growing partnership with Hyperion Power Generation, which could include a deal with the China National Nuclear Corporation (CNNC) to produce Hyperion’s small modular reactor for sale on an international level.  In particular, AEHI also anticipates a favorable zoning decision from the Payette County, Idaho Board of Commissioners, which would give the company the local and state approval necessary to build a proposed nuclear power plant.

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) and Green World Water™, which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), production of potable water and other suitable applications.

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.

###

Payette Chamber of Commerce endorses AEHI’s proposed Idaho nuclear power plant September 2, 2010

Posted by cleanidahoenergy in AEHI, nuclear jobs, Payette County.
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BOISE, Idaho, Sep 2, 2010 — The Payette Chamber of Commerce today announced its official endorsement of Alternate Energy Holdings, Inc. (OTCQB:AEHI) and the company’s plan to build a nuclear power plant in Payette County, Idaho.

Over the past year the Chamber and its members have become keenly aware of AEHI and of how the company’s endeavors will enhance and improve business and job opportunities in Payette County.

“Nuclear power has proven itself as one of the safest, cleanest and most reliable sources of energy in the world. It is also a tremendous source for jobs, something we desperately need in Payette County. Our unemployment rate currently surpasses the state average and AEHI’s proposal would bring thousands of new jobs into our community — high paying positions that will increase employment opportunities even outside the power plant,” said Shelley Creson, Executive Director of the Payette Chamber of Commerce.

“A business like AEHI is exactly what we need in Payette and by extension Payette County. It is the same reason I put my support behind this company. In my opinion, AEHI’s leadership is steeped in nuclear power, with people who spent their entire careers in the nuclear industry. They have built and maintained power plants around the nation and I look forward to them bringing that same success to our community. As they succeed, so will our county and the people who live in it,” said Jeff Williams, Chamber member and Mayor of Payette.

The Chamber and its members are confident in AEHI’s success and look forward to the local approval process, which the Chamber believes will result in a positive result for the company, its shareholders and the people who live in Payette County.

AEHI joined the Payette Chamber of Commerce in early 2010 and has remained an active member since that time.

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 U.S. 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.

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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AEHI Logo

PRESS RELEASE
September 02, 2010

For Immediate Release
Contact:
Investors: David K. Waldman / John J. Quirk, Jr
Crescendo Communications, LLC
Tel: (212) 671-1020
Email:
aehi@crescendo-ir.com
Media: Dan Hamilton

AEHI Director of Corporate Communications

Tel: (208) 914-8894

Alternate Energy Holdings’ Nuclear Power Plant Endorsed by Payette Chamber of Commerce

BOISE, Idaho, Sep 2, 2010 — The Payette Chamber of Commerce today announced its official endorsement of Alternate Energy Holdings, Inc. (OTCQB:AEHI) and the company’s plan to build a nuclear power plant in Payette County, Idaho.

Over the past year the Chamber and its members have become keenly aware of AEHI and of how the company’s endeavors will enhance and improve business and job opportunities in Payette County.

“Nuclear power has proven itself as one of the safest, cleanest and most reliable sources of energy in the world. It is also a tremendous source for jobs, something we desperately need in Payette County. Our unemployment rate currently surpasses the state average and AEHI’s proposal would bring thousands of new jobs into our community — high paying positions that will increase employment opportunities even outside the power plant,” said Shelley Creson, Executive Director of the Payette Chamber of Commerce.

“A business like AEHI is exactly what we need in Payette and by extension Payette County. It is the same reason I put my support behind this company. In my opinion, AEHI’s leadership is steeped in nuclear power, with people who spent their entire careers in the nuclear industry. They have built and maintained power plants around the nation and I look forward to them bringing that same success to our community. As they succeed, so will our county and the people who live in it,” said Jeff Williams, Chamber member and Mayor of Payette.

The Chamber and its members are confident in AEHI’s success and look forward to the local approval process, which the Chamber believes will result in a positive result for the company, its shareholders and the people who live in Payette County.

AEHI joined the Payette Chamber of Commerce in early 2010 and has remained an active member since that time. 

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 U.S. 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.

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. | 911 E Winding Creek Dr. | Suite 150 | Eagle | ID | 83616