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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.

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

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

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

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

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

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

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

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

Attracting some interest from analysts July 23, 2010

Posted by cleanidahoenergy in Uncategorized.
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We were pleased to see this analysis from energyandcapital.com and we wanted to share it.

AEHI Provides Business Update and Recap of Key Milestones Major Progress Achieved Towards Local Approval of Nuclear Reactor May 20, 2010

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

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

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

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

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

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

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

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

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

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

About Alternate Energy Holdings, Inc. (http://www.alternateenergyholdings.com/) — Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral, which removes energy demands from homes and businesses (http://www.energyneutralinc.com/), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power. AEHI Korea, Seoul, is encouraging Korea to export their APR 1400 reactor into the U.S. and achieve NRC design certification. “Safe Harbor” Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.

MidAmerican energy revisits nuclear, this time in Iowa March 12, 2010

Posted by cleanidahoenergy in Energy policy, nuclear industry, Payette County, Warren Buffet.
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As many people know, Warren Buffet’s MidAmerican Energy proposed building a nuclear power plant in Payette County in 2007 and did some preliminary studies (they were considering a different site than we are in Payette). But the company announced in December 2007 that it wasn’t moving forward, saying the decision was “based on economic considerations and not on issues related to the suitability of the Idaho site.”

Apparently, MidAmerican has found some new sources of funding and is considering building a nuclear plant in Iowa. The state senate there has voted to allow MidAmerican to increase electric consumer rates to fund a three-year, $15 million feasibility study of what would be Iowa’s second nuclear plant, according to World Nuclear News. This will amount to a $4 per year increase in residential customers’ electricity bills, with a $15 increase for commercial customers and $1100 for industrial customers.

I certainly understand the need for this kind of study. In fact, we have spent around $10 million conducting similar studies in Owyhee, Elmore and Payette counties. What’s most noteworthy, however, is that no Idaho utility ratepayer has given us a dime – nor should they.

While our critics call us a “merchant power plant” (presumably merchant farmers, merchant computer chip makers and merchants in general are okay), we are a completely investor-funded operation. We will fund studies, applications and construction of our plant on the private market, without having to ask government bodies for rate increases. In the best tradition of private enterprise, it will be up to us to find a way to make it pencil out financially and recoup our investment in the free market.

Nuclear critics took Buffet’s 2007 withdrawal from Idaho as a sign that a nuclear plant cannot be profitable (although it is hard to imagine them applauding a profitable nuclear plant), but they were wrong then and they are more obviously wrong now. I know from experience that nuclear plants are very profitable, generating as much as $3 million a day in profit. While they have high initial capital costs, uranium is inexpensive and the plants last for decades. Warren Buffet must know this as well.

Developing a nuclear plant requires extensive study and we wish MidAmerican the best in their venture. We have charted a course, however, that will not require any utility payers to subsidize our costs, and that’s a good thing for Idaho.

How AEHI can afford to build a nuclear power plant January 21, 2010

Posted by cleanidahoenergy in AEHI, economic benefits, Investment news, nuclear industry, nuclear jobs, Payette County.
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Lately we’ve had a lot of questions about how AEHI plans to fund a nuclear power plant.  There have been a lot of rumors floating around about the process, so we’d like to use the following opinion piece to clear up any misconceptions. Dan Hamilton, AEHI director of public relations, wrote the following opinion.

As a child, and not unlike other kids, I was often relentless in questioning my parents menial issues, “Why do I need to eat all my food, why can’t I stay up, and why can’t I spend the night on the roof?”

Most parents know what I’m talking about.

Meaningful answers were often provided, but later the answer to all these questions became, “Because I said so.” An irritating response, but now it’s one I use on my own children, because thinking of a real answer takes time to formulate in a way they’ll understand.

I thought a lot about that lately, and as a representative of Alternate Energy Holdings, Inc., I think responses to , “How can your company afford to build a nuclear power plant”, have begun sounding like a tired parent saying, “Because I said so.”

The real answer is much more complicated.

Depending on the reactor, the finished project, likely on a 5,000 acre piece of property outside Payette, will cost between $5 billion and $8 billion.

This is an investor-driven operation, at least in the beginning, and paying for it will require a couple different methods, or phases. These are the reasons investors continue supporting AEHI, because they’ve learned there is no downside to investing in a nuclear power plant.
Phase one will require about $100 million to pay for land, water, engineers, lawyers and applications. Last summer AEHI announced an agreement with an investment group to fund $70 million worth of the project and now we have several large international investors also interested.

Phase two takes place after AEHI receives local and federal approval; once approved, the property will increase in value to about $1.5 billion. The land then becomes an asset used to borrow $5 billion to $8 billion for construction. No loan payments are expected until the plant is operational, and once running at full capacity, it will create about $3 billion annually in reliable profits for 60 years.

These projections create a very attractive loan for most lenders.
Making this even more attractive, and much less risky, is a federal loan guarantee, which insures loan repayment up to 80 percent its original value. You can read more about this program on the Nuclear Energy Institute’s website: http://tinyurl.com/financingnuclearpower. This is also a program many senators are trying to expand.

In short, after phase one, AEHI will have a $1.5 billion asset and a nearly $10 billion asset after phase two — in either case, a very profitable proposition.

It’s also profitable for state and local economies. Following local approval, Phase one will create hundreds of jobs and contribute millions. After federal approval, Phase two will create billions of dollars in gross domestic product every year and thousands of jobs through construction and operation. Then there are local businesses needed to support the people working at the plant.

When finished, about 500 people will be needed to operate the plant, with pay averaging about $80,000 a year.

Coming from someone who studied these issues in great detail as a reporter, who quickly became a proponent, and now as an employee of AEHI, I have learned this project can be accomplished and has the potential to become hugely successful.

I hope you will take the time to study the matter for yourself. You will likely come to the same conclusion. This plant is crucial to providing Idaho with the revenue, the jobs, and the essential base load power the state needs for years to come.

Letter to investors September 11, 2009

Posted by cleanidahoenergy in AEHI, China, Chinese nuclear energy, economic benefits, Elmore County, international, Investment news, nuclear industry.
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I sent a letter to investors recently. Keeping people informed about our company, its goals and status is an important to us.

September 9, 2009

Dear AEHI Stockholder,

First, let me thank you so much for your investment in AEHI. The company has several nuclear projects underway including our lead site in Idaho, as well as Colorado, a desalination reactor in Mexico and a Tar Sands reactor in Canada to remove trapped oil.

We also formed Energy Neutral, Inc last year to install wind, solar and geothermal heat pumps on homes and offices to eliminate energy bills. Currently, we plan to build our first energy free model home starting the first of October to demonstrate we can construct buildings with no power bills at essentially the same price as those with energy bills. This will help launch our first energy neutral subdivision. The Energy Neutral Trade Mark name is pending as well.

The Idaho reactor, Idaho Energy Complex, is in the process of seeking local approval and we expect it by year’s end. After the Elmore County site approval was delayed due to process problems, we began looking at other sites and now have three additional Idaho counties who are extremely interested in having our plant. A little competition is always healthy. In addition, we are reviewing state lands for potential sites. After two years of educating Idaho citizens along with support from the national media and key state leaders, we have no doubt that an approved site will happen in Idaho soon and we will be adding staff locally to accommodate. We have a funding commitment from Source Capital for the site.

In July, we opened an office in Beijing, China with some investors as AEHI China to facilitate joint ventures for nuclear components among other things and large institutional investors. With the support of the Chinese government nuclear officials, we have several companies who are interested in working with us. I now travel to China every couple of months to facilitate these deals. Also, we are in the process of negotiating on the price to bring the Korean advanced reactor, APR 1400, to the US. This reactor will be lower than the cost of the other reactors currently in the US market making us more than competitive with any new source of electricity in the country. As a backup, we have begun to talk with Mitsubishi Heavy Industries about their advanced reactor as well. Further, we have a large energy trust that is willing to loan us up to $5 billion for the plant construction phase.

Lastly, in lieu of going on the London Plus Exchange as mentioned in my last letter, we are starting the process for our first public stock offering (IPO) for later this year and a move to the American Stock Exchange. This will open the stock up to institutional and more international investors by the first quarter of 2010 allowing us to leave the penny stock category.

As you can see there is plenty of positive news in the making, we will publicly announce this information as it unfolds. If you would like some more AEHI stock or have qualified investor friends, the price is at its lowest from the company at 5 cents per share with no broker fee or volume limit like in the market. This offer will end October 31 when we file for our public offering. We doubt this price will ever be available again. Also, if you have an unrestricted investment 401K or any IRA you can transfer funds to AEHI stock as well.

Just send an e-mail to invest@aehipower.com or call 208-939-9311for more information and PPM, or you can just mail a check to AEHI if an existing investor. If you are an investor you can add to your holdings for as little as $1000 or any amount above that minimum. New investors need to review the PPM.

Again, thanks for your support as we try to help the country with jobs and clean, low cost energy that will also assist us with energy independence.

Best regards,

Don Gillispie

Progress internationally July 23, 2009

Posted by cleanidahoenergy in AEHI, China, Chinese nuclear energy, economic benefits.
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While our rezone application moves through the Elmore County process, we are pleased at our progress on the international front. Below is a story in Nuclear Street based on a recent news release we sent out.

AEHI’s CEO Meets Vice Minister of China’s NEA; Support Given For Strategic Nuclear Power Partnerships

Don Gillispie, during a recent trip to Beijing to open AEHI China’s new office in the Fortune Plaza, met with Sun Qin, Vice Minister of China’s National Energy Administration

– By Abby Gessner –
Alternate Energy Holdings Inc. (AEHI) CEO, Don Gillispie, during a recent trip to Beijing to open AEHI China’s new office in the Fortune Plaza, met with Sun Qin, Vice Minister of China’s National Energy Administration (China’s NEA equates to US Department of Energy). Mr. Sun openly supports AEHI joint ventures, strategic partnerships, and investments in the company’s projects as part of cooperation with the US-China agreement to work together on clean energy sources per US Secretary of Energy Steven Chu’s visit to China last week.

AEHI is working to get China producing internationally qualified products for use in nuclear plants to help lower the high cost of these components.

Don Gillispie said, “In addition we have been warmly received by nuclear component suppliers and operating companies such as China Shipbuilding Industry Company and Guangdong Nuclear Power Holding Company.”

The company has been given an MOU from Dalian Shipbuilding Industry Company, a division of China Shipbuilding, to work together to produce components such as nuclear containment liners, stainless steel piping, and desalination units.

Also, AEHI will work with Chinese companies to produce a new advanced nuclear reactor for international markets to improve competition and lower costs.

Gillispie told Nuclear street that “It was a great honor meeting with Sun Qin, Vice Minister of China’s National Energy Administration . He openly supports AEHI joint ventures, strategic partnerships, and investments in our project as part of cooperation with the US-China agreement to work together on clean energy sources per Secretary Energy Chu’s visit this week. We hope to get China producing ASME and N stamp products for use in nuclear plants to help lower the high cost of these products. We have been warmly received by suppliers and nuclear companies here as well. We will work with China to produce a generation 3 reactor for international markets to counteract the current high capital costs.”

aehichina01http://www.alternateenergyholdings.com Alternate Energy Holdings develops and markets innovative clean energy sources. Current projects include the Idaho Energy Complex (an advanced nuclear plant and bio-fuel generation facility), Energy Neutral which removes energy demands from homes and businesses (www.energyneutralinc.com), Colorado Energy Park (nuclear and solar generating plants) and International Reactors, Inc., which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications.

Snake River Alliance does Idaho no favors June 3, 2009

Posted by cleanidahoenergy in AEHI, Agriculture, anti-renewable energy, economic benefits, Greenfield nuclear development, Mountain Home News, renewable energy, Snake River Alliance.
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[We submitted this opinion to the Mountain Home news last month but space constraints kept it from being published.]

Democracy gives people a lot of latitude in how to get something done, or to stop it from being done. The events over the last few weeks have been really useful in showing how we and the Snake River Alliance differ on those counts. Heat doesn’t substitute for light and even a group as prickly as the Snake River Alliance should know that a civil tone will help public discussion of important issues like energy.

Our efforts to prepare for the April 20 rezone hearing were aboveboard and successful. We launched a public information campaign to let people know about our table to collect resumes and letters of interest and around 500 showed up and wore stickers supporting AEHI. I spoke at clubs, groups, associations, business and anywhere else people would have me, and not all of these venues were friendly.

We collected 1,600 signatures through much hard work going door-to-door, going to food lines, going to workplaces, going to places the SRA wouldn’t bother going. We produced an informational video and mailed it to each household in Elmore County. We sent a letter to every resident of Hammett to address their specific concerns. We launched a traditional advertising campaign and used the new tools of social media to get the word out.

In contrast, the Snake River Alliance prepared for the rezone hearing with bizarre and unethical gimmicks. A week or so before the hearing, the SRA complained to the Glenns Ferry Police Department that I shoved SRA employee Liz Woodruff at a March 10 Glenns Ferry City Council meeting – in a room full of the public, city officials and police officers, no less! The authorities did their duty and, after interviewing me and other people, found the accusation without merit. Clearly, the SRA was fishing for an “October surprise” a week before the rezone hearing, hoping to smear my reputation and throw the meeting into disarray.

These shenanigans have no place in public policy. It probably didn’t help the SRA that Mrs. Woodruff on March 24 publicly apologized to the Glenns Ferry City Council for her childish behavior at that March 10 council meeting, where she sought to disrupt my presentation.

All this is relevant because it speaks to the SRA’s involvement in the public process. As hard as they try to keep a veneer of civility, they openly and behind-the-scenes do what they can do disrupt the local process. Apparently, they were able to restrain themselves more or less for the rezone hearing, but they and their supporters formed “groups” to get more speaking time. Then, individual members of the “groups” spoke, violating the principle the county established for recognizing groups .

Clearly, the SRA does best when surrounded by supporters and friends, but their thin-skinned nature leads them to do some strange things. For example, sometimes the SRA seems immune to common sense. To emphasize that nuclear plants are a good fit with rural areas, we showed pictures of cows grazing a stone’s throw from nuclear plants and Andrea Shipley’s response was to say “the property at issue is not grazed by cows” (actually, cows graze the only adjacent private land). As the SRA well knows, our plant would take up around 200 acres, with the remainder of the 1,300 acre parcel to remain farmland.

To say our plant would “upend surrounding ag uses” is preposterous. For the real story on how our plant would affect the area, see my open letter to the citizens of Hammett at http://www.cleanidahoenergy.wordpress.com. There are plenty of photos of nuclear plants surrounded by hayfields, wildlife habitat, estuaries and near small towns (yes, we’re well aware there are no estuaries in Elmore County).

In the face of our campaign, the SRA says the jobs will never materialize – but the SRA is working as hard as it can to stop the jobs from ever materializing. We’ve already put 100 Idahoans to work and as long as investors continue to fund us, that’s their concern, not the SRA’s. They say we haven’t finalized enough details about our plant, but you know if we had every detail plotted out they’d complain we were being presumptuous. At this stage, we are simply seeking to rezone the land, yet they chide us for not having each and every aspect of our plant finalized.

Speaking of our business, Ms. Shipley breathlessly states the obvious in quoting our SEC report, which says “AEHI has limited funds and such funds will not be adequate to carry out the business plan without borrowing significant funds. The ultimate success of AEHI may depend upon its ability to raise additional capital … and it could fail.” OK, so we openly admit don’t have enough money to build a nuclear reactor and need more investment to build it. So? Utilities, developers, companies and anyone else building anything must seek investment capital as well.

Ms. Shipley is either uneducated about start-up public companies, or she is seeking to misrepresent our funding picture. We are the only publicly owned company in the nation seeking to build an independent nuclear power plant; traditional utilities, for whatever reasons, haven’t constructed enough power plants and we are stepping up to meet the demand. Like any other start-up, we seek investment for what we propose. If we get it, we may succeed, and if we don’t, we fail. Anyone who has run a business, or who is not terribly out-of-touch with business, understands that.

The Snake River Alliance’s contempt for working people is evident in its own site, as well as those of supporters. Among the drawbacks of our plant, according to the SRA’s Jan. 9 news release, would be “thousands of construction workers” in Elmore County (http://tinyurl.com/qxgnm9). I guess if someone has a problem with construction workers, that would be a concern, but to people who are willing to work hard and get something built, it’s an insult. Or, this gem from http://tinyurl.com/p43rar, refers this way to people who came to our table: “To what degree will these curbside applicants feel like darned fools?”

If this is the best the Snake River Alliance can offer, it has grossly underestimated our tenacity, the depth of our support and the necessity of our enterprise.

Ms. Shipley claimed I am “obsessed with counting stickers” but that is the closest she comes to acknowledging the truth: People at the meeting were overwhelmingly supportive of the rezone and the SRA’s vaunted community organizing efforts didn’t produce much in that regard. The best Ms. Shipley can do is to discount our efforts to create jobs and say the jobs won’t come soon enough, or at all, or they won’t be for Elmore residents – while simultaneously doing all she can to stop the jobs from ever coming. Tactically, the SRA was out-hustled, but that in itself means nothing as the ultimate measure of success lies with the Elmore County Commission.

Most valuable are the resumes of hundreds of highly qualified, hardworking Idahoans we collected and hope to call on as soon as we can. They and thousands of other supporters hope we prevail over the SRA and its newfound allies.

Anti-nukes use another two-faced approach when they say nuclear power shouldn’t be pursued because we have no place to store or reprocess the waste, but then they work against storage and reprocessing solutions. It’s worth pointing out Areva is planning for reprocessing of spent nuclear fuel in the US (http://tinyurl.com/pwfblo). The firm recently shared with bloggers its conceptual thinking about a 800 ton/year plant which it says is the answer to apparent end of the Yucca Mountain repository project.

Given the traditional antagonism between environmental groups like the SRA and agriculture, it is not surprising Ms. Shipley is out of touch with ag issues. News alert for Ms. Shipley: Farming in Idaho is largely constrained by the high cost of water, because pumping that water is becoming increasingly expensive. Irrigators currently pay close to 4 cents per kilowatt hour, but Idaho Power is asking for an 11.1 percent increase in that rate. Many farmers spend thousands of dollars a month on power costs. According to the U.S. Energy Information Agency, it costs 1.8 cents to produce a kilowatt-hour of electricity with nuclear power, and that power is produced more than 90 percent of the time (http://tinyurl.com/2pgc8k).

This kind of reliable low-cost power is exactly what high-lift irrigators and other farmers need to stay economically competitive. According to the American Wind Energy Association, wind costs around 5 cents per kilowatt hour (http://tinyurl.com/kyg8u) with federal subsidies – when it’s blowing, which is around 20 percent of the time on average. Ms. Shipley should know business can’t operate under those power terms; we only make it work by importing half our energy for out-of-state coal plants.

It strains belief that Ms. Shipley would claim “Idaho is not out of power … Idaho has ample electricity resources.” Perhaps she should tell that laughable claim to the two major employers who bypassed southern Idaho in 2007 because Idaho Power couldn’t provide electricity! Surely, she is just as disappointed as the rest of us about the loss of those jobs.

The fact that Idaho imports half its energy is proof enough that we need to develop our own dispatchable baseload resources in-state. It’s no secret that Idaho Power hasn’t developed a base-load power plant in Idaho in at least 30 years, choosing instead buying shares in out-of-state coal plants. I really can’t blame them; after getting a taste of the difficulty in developing a power plant, I can see why Idaho Power has evidently given up on new baseload power in Idaho.

That brings me to my next point, which is that energy developers of all kinds are facing a harder time getting anything built, and no advocacy groups are stepping forward to support them. As you read this, dozens of rural landowners want to “curb enthusiasm for” and ultimately kill plans to plant wind turbines and string a green-field power line segment across the northern Laramie Range in Wyoming (http://tinyurl.com/polydc). The Northern Laramie Range Alliance is fighting wind energy, which the Snake River Alliance points to as the future of energy generation.

Something tells me the Snake River Alliance and its allies won’t be showing up to help these wind power developers – or anyone who’s trying to build a power plant.

"Commission praised for patience during nuke hearing" April 29, 2009

Posted by cleanidahoenergy in AEHI, Agriculture, approval process, economic benefits, Elmore County, Energy policy, Mountain Home News, Politics and nuclear, rural nuclear, Snake River Alliance, Water policy.
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The Mountain Home News was kind enough to publish this letter today. It pretty much speaks for itself.

Commission praised for patience during nuke hearing

Wednesday, April 29, 2009

Dear editor:

We applaud the patience of the Elmore County Commission in dealing with a very controversial issue at last week’s hearing. Throughout the over four hours of testimony from both sides, the commissioners heard and saw plenty of information.

In our view, the hundreds of supporters who showed up to support jobs, clean low-cost energy, agriculture and economic growth carried the day. Testimony on our behalf was passionate, including former planning and zoning commissioners who supported our application. Farmers, large landowners, the local farm bureau, shopkeepers and average citizens all told the commission that Elmore County needs stable jobs and that rezoning our land would serve the best interests of Elmore County. We have also submitted 1,600 Idaho signatures in support of the rezone, half of them from Elmore County residents.

We know some 500 people showed up at various stages of the four-hour meeting to support us. We handed out 475 green “AEHI supporter” stickers to people and we counted about 400 of those stickers over the course of the evening (people showed up shortly after 4 p.m. to our table and were coming until after 7 p.m.). There were also many supporters who had to stand in the back and behind the boundary wall who requested stickers, but we had run out. By contrast, we counted fewer than 100 people wearing stickers opposing us throughout the entire evening. Also, fewer than 10 percent of the AEHI supporters spoke. In contrast, over a third of the opposition spoke, but many were from the same organization. Their organizations were given 10 minutes of speaking time, and then in violation of the rules individual members of the organization also spoke giving the misleading appearance of an equal number for and against.

We expect people to oppose us, but the opposition sometimes resorted to strange arguments. I’m sure some of you have been in the position where you tell someone something, they give you a blank stare and act as though they didn’t hear a word you just said. That’s how we often felt at last week’s public hearing on our rezone.

Opponents largely ignored information presented by AEHI staff and our supporters. We showed pictures of nuclear plants with farm fields and grazing cows just a stone’s throw from reactor buildings, to prove that nuclear plants are very compatible with surrounding ag land uses. We repeated that our plant would occupy just 200 of the 1,300 acres in the rezone, with most of the rest of the land devoted to farming. We made it clear our site won’t have any of those large cooling towers. We stated we’ve already spent $8 million and put 100 Idahoans to work on our effort. We made it clear that many acres of good land could be farmed but aren’t due to the high cost of water. We specified nuclear plants emit no smoke, dust, noise or odors and do not generate large amounts of traffic in operation. We made it clear we’d use a low-water design for our plant and rely on existing water rights, not impinging on existing water holders in any way. We made it clear jobs would start soon after the rezone and Conditional Use Permit approval and ramp up to several thousand during the construction phase.

We also clarified that most jobs at our plant won’t require a college degree, just specialized training that we can provide.

In response, people made some amazing claims, suggesting we could put a dump or tire-burning plant on the site. Another gentleman worried about terrorists using advanced radar weaponry to induce earthquakes to destroy reactors and cities. They insisted our plant would destroy their rural setting, even when the reality of nuclear plants shows they are good neighbors and take up little room. Some kept referring to the land as “their farmland” and that they wanted to farm it, so it should be kept as-is for their benefit (whatever happened to private property rights? And why has the land been sold several times as recently as 2007, but no one from Elmore County purchased it?). They also said farmland is disappearing; having grown up on a farm myself, this is a strong appeal to make. However, according to the USDA’s 2007 Census of Agriculture, “nearly 300,000 new farms have begun operation since the last census in 2002.” Elmore County farm statistics, obtained from the county extension office, show farms in the county also increased between 2002 and 2007, from 364 to 381. While Idaho agriculture is robust, we know farmland figures could increase substantially if our power plant is built, as many acres cannot be irrigated due to lack of low-cost power for irrigation pumps.

Most surprisingly, several opponents said the jobs won’t materialize because the plant won’t be built — then proceeded to argue against the rezone so the plant could not be built!

The Snake River Alliance is a master of these both-sides-of-the-fence arguments. On one hand, the SRA says our reactor can’t be built for a mountain of reasons — but if they really believe that, why are they spending their time opposing us? Their preoccupation with our project is unintended but welcome testimony that we are fully capable of building this plant and have an excellent shot at success, even given the current financial markets.

For someone to build a commercial nuclear plant in Idaho on their watch would pretty much verify the SRA has lost relevance and is out of touch with modern environmental thinking, even more so than the successful Areva and Idaho National Laboratory expansions demonstrate.

So, this really is about jobs: theirs (about 10) versus ours (about 5,000, with salaries much higher). It’s also stunning the Snake River Alliance would say it’s concerned about jobs and agriculture in Elmore County, when it has advocated the closure of Mountain Home Air Force Base and supported restricting water supplies to farmers to protect the Bruneau Snail. I am frankly surprised at their alliance with the Hammett-area farmers. I guess the saying “My enemy’s enemy is my friend” holds, even uniting former enemies who haven’t considered the consequences. What will these farmers do when the newly empowered SRA resumes advocacy of cutting their water rights to protect a snail or return farmland to its original “pristine condition”?

Despite all the misinformation, the people who made the loudest statement last week were our hundreds of supporters. Sadly, the SRA and opposition websites (which don’t allow comment) discount and mock the people who are eager and willing to get to work building and running a reactor.

Our opponents concern themselves with obstructing and stopping, not building and creating. No matter how this is resolved, we have made a very clear statement that Elmore County’s (and Idaho’s) baseload energy supply and economic development are pressing issues – and neither the Snake River Alliance nor their supporters have any plan to address them.

For more information on the rezone and our intentions, please go to www.alternateenergholdings.com or www.cleanidahoenergy.wordpress.com.

Don Gillispie

President and CEO of Alternate Energy Holdings Inc.