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Another vote of support in Elmore County April 1, 2010

Posted by cleanidahoenergy in AEHI, approval process, economic benefits, Elmore County, environmentalists, nuclear jobs.
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Elmore County P&Z votes to change comprehensive plan
AEHI plan to build nuclear power plant continues to move forward Mountain Home, Idaho

Alternate Energy Holdings, Inc. (AEHI:OB) – During a hearing Wednesday night, Elmore County Planning and Zoning Commissioners decided to recommend a change to the wording of the county’s comprehensive plan. The current plan requires industrial development to locate along Simco Road, which was a sticking point for a plan by Alternate Energy Holdings to build a nuclear power plant in another part of the county.

“This latest decision keeps the door open for a possible nuclear power plant in Elmore County and I believe it reflects the commissioners continued desire to keep our project in play. While AEHI’s Payette County site is currently the lead location in Idaho, we also welcome the news that Elmore County is taking such steps to increase the possibility for more economic development,” said Don Gillispie, AEHI CEO.

During the meeting a nuclear power opponent requested the commissioners change the wording of the comprehensive plan in a way that would close the door to a nuclear power plant, which the commissioners refused.

The planned changes include expanding light industrial into areas of city impact and expanding heavy industrial into areas that “will not be detrimental to neighboring and existing land uses”. Those changes will be signed April 21st, after which they will go before the Board of County Commissioners for final approval.

Nuclear power has been recognized as a vital method to increase econimic viability especially in rural communities like those proposed in Elmore and Payette counties. AEHI’s project is estimated to increase employment by more than 5,000 workers through construction, and more than 1,000 during operations. The commercial benefit during construction is even more impressive, increasing the state’s GDP by $5.8 billion, with $4.3 billion of that money filtering directly through the county.

About Alternate Energy Holdings, Inc.: (www.alternateenergyholdings.com) Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include, Energy Neutral which removes energy demands from homes and businesses (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 helping negotiate with KEPCO.

“Safe Harbor” Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.

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Hearing tonight on our Payette plans March 22, 2010

Posted by cleanidahoenergy in AEHI, approval process, economic benefits, nuclear industry, nuclear jobs, Payette County.
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Payette County Commissioners to review P&Z findings
Any changes to affect AEHI plan to build nuclear power plant

Payette, Idaho: Alternate Energy Holdings, Inc. (AEHI:OB) – Payette County Commissioners will meet tonight (Monday, March 22nd) to discuss a potential change to the county’s comprehensive plan. They are expected to review findings from the Planning & Zoning Commission, which if approved would set the stage for the building of a proposed nuclear power plant near New Plymouth, Idaho.

The hearing will take place 7:00 PM at the Payette County Courthouse, located at 1130 3rd Ave. N., Payette.

Previous hearings have seen overwhelming support for AEHI. In fact nearly 80 percent of those attending at the last hearing spoke of their desire to have a nuclear power plant built in their county.

The proposal brings with it a large number of jobs and economic benefits. In fact, a recent study shows the project would create more than 5,000 jobs through the construction phase, and 3,000 plus jobs through the operational stage. It would also include an annual commercial impact of $3.58 billion to Idaho’s economy, which is a nearly seven-percent increase to Idaho’s GDP over 2009. In Payette County, the commercial impact is estimated at $3.43 billion, which is unprecedented in that part of Idaho.

Should AEHI receive the approval on the comprehensive plan change, the company would immediately process an application to rezone 5,000 acres in Payette County near Big Willow Road and Stone Quarry Road.

About Alternate Energy Holdings, Inc.: (www.alternateenergyholdings.com) Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include, Energy Neutral which removes energy demands from homes and businesses (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 helping negotiate with KEPCO.

“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.

Come to Monday’s hearing February 19, 2010

Posted by cleanidahoenergy in AEHI, approval process, economic benefits, nuclear jobs, Payette County.
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Our efforts to build a reactor in Payette County are looking very promising, but we can take nothing for granted. I am asking you to please attend and speak at the Payette County Commission hearing on Monday, Feb. 22 at the Payette High School Auditorium. If you live in or around Payette County, your voice is especially valuable, but the commission will hear from anyone who would like to comment.

There has been well over 80 percent support at public meetings and Planning & Zoning Commissioners supported changing the county’s comprehensive plan by a 9 to 2 vote in our favor. I know it is difficult to get away for many people in the evenings but for these plans to succeed, we need to demonstrate committed support in the community. When people take the time to testify in person, that makes a big impression. For our own part, we have gone door-to-door talking to hundreds of residents and business owners and I have spent most of my last few weeks in front of service clubs, city councils, business groups. All these meetings were met with great success by large groups of supporters wanting to learn more about nuclear power.

You don’t need to worry about making a long speech; even just speaking your mind for 30 seconds will make a difference and really help us. Some topics you can cover include the thousands of jobs we will create as we build our plant; the economic benefits that will come to existing businesses; the opportunities for people who live in Payette County to find more well-paying jobs that cannot be sent overseas; and the importance of having a large supply of low-cost power. Nuclear plants need all kinds of people to work there, from landscapers and food service to mechanics, plumbers, electricians, office workers, engineers and attorneys. We are committed to hiring locally and the jobs pay an average of $80,000 a year. Payette County would have plenty of tax revenue for schools, police, fire and other services.

But, none of this is possible without your support, so if you can, please attend the hearing and sign up to speak. We would love to see all those seats filled with  supporters. If you are on Facebook you can also become a fan and write on our wall, http://facebook.com/AEHIpower and we have over 350 fans. If you are on Twitter you can follow us at http://twitter.com/aehi. Our Web site is www.aehipower.com and you can learn more about our proposal, location, see an informational video, etc.

Please tell your friends and coworkers and I look forward to seeing you at the meeting.

Obama promises to boost nuclear power January 29, 2010

Posted by cleanidahoenergy in balanced approach, Barack Obama, economic benefits, Energy policy, Politics and nuclear, President Obama.
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President Obama appears to be warming to nuclear power in a big way. In his state of the union speech this week, he said “to create more of these clean energy jobs, we need more production, more efficiency, more incentives. And that means building a new generation of safe, clean nuclear power plants in this country.”

Obama stated his support for nuclear power while campaigning, and several times since then. Today, however, his administration said it will press for $54 billion in new loan guarantees for new plants. Loan guarantees have proven the least costly form of energy assistance – so far, the government hasn’t had to pay any for nuclear plants – and give private investors some assurance. That’s needed in the face of excessive and unreasonable opposition to nuclear power, which drives up costs.

Last week, Obama issued an executive order to reduce national greenhouse gas emissions 28 percent by 2020. The only way to do that and keep our economy healthy is with an all-of-the-above approach embracing conservation, renewables, clean fossil and nuclear.

Obama appears to be backing up his words with specific financial proposals and that is most welcome. Another $54 billion would greatly assist utilities and private investors companies, such as ours, move forward on our plans to keep clean, reliable, secure nuclear energy a vital part of America’s infrastructure.

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.

Moving forward in Payette January 15, 2010

Posted by cleanidahoenergy in AEHI, Blue Castle Project, economic benefits, Fresno Nuclear Energy Group, Payette County.
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A little more than three years ago, I came to Idaho with a proposal to build a nuclear plant. After many  months and millions of dollars – much of it my own – Alternate Energy Holdings Inc. earned a significant success last night. The Payette County Planning and Zoning Commission voted 9 to 1 to recommend revising the county’s comprehensive plan to make way for our proposed nuclear plant; our next step is to apply to rezone the land. That’s pretty technical, but the bottom line is, we may now move forward with our plan to bring jobs, clean energy and prosperity to Payette County and beyond.

I congratulate the team, which has helped me over the years and remained loyal to this project through thick and thin. It has been a hard fight, but we have now established momentum. In the past couple of weeks, we have also successfully attained Over The Counter status in the stock exchange and I enjoyed a very productive period of negotiations with representatives of the Korean government to import reactors into the U.S.

As some of the Payette P and Z commissioners correctly noted, this is just the first step among many more to come and there will be plenty of initiatives ahead of us. In the coming months, we expect to hire dozens of people in Payette County to assist with initial site preparation, including electricians, earth movers, carpenters and laborers; we will keep people informed about this. Also, we will need to prepare incredibly detailed proposals about our plans, accounting or our impact on traffic, public services, revenue, jobs, air quality and many other issues.

Many eyes are on Payette and AEHI now. I predict our continued success will transform the utility and power plant development industries. I expect more small, purpose-built companies will form to develop power plants. Also, I think more utilities will seek to emulate this model to develop plants through their unregulated subsidiaries, to more efficiently provide power and fund new facilities with investor – not ratepayer – money. There are already two other investor companies looking at developing nuclear plants, in Utah and California, and I hope our success encourages them.

Best wishes to the Fresno Nuclear Energy Group January 4, 2010

Posted by cleanidahoenergy in AEHI, Agriculture, Areva, economic benefits, rural nuclear.
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Our process for building a nuclear reactor is revolutionary – a small, purpose-designed company using investor money – but I am pleased to note others who are willing to try this way of doing it. Large utilities, I believe, are be too unwieldy and indecisive to build a greenfield nuclear plant, leaving smaller, dedicated, investor-funded companies to fill the void.

The Fresno Nuclear Energy Group, launched in December 2006, has recently partnered with Areva to examine the idea of building one or two 1,650 megawatt nuclear plants in Central California. We wish the Fresno group luck – and they will need it, as California state law has banned any new nuclear generation and the state government is a political and financial basket case. Our California counterparts have public opinion in their favor, as at least half of Californians support nuclear energy, according to a recent poll. California has some of the highest energy rates in the nation, which is hurting its economy, and the Fresno group knows that nuclear can provide abundant, reliable low-cost power to attract and keep industries. California currently gets 17 percent of its electricity from its nuclear plants and 55 percent from fossil, including coal and natural gas.

The Fresno group and Areva are taking a cue from our efforts by proposing to use the immense power of a nuclear plant to desalinate water and use it for agriculture, a concept we publicly announced in July 2008 in connection with our efforts in Mexico. We expect they will also propose to use the abundant excess heat from a nuclear reactor to underwrite biofuels production and other initiatives in California’s agriculturally rich Central Valley.

New uses for power plant hot water December 9, 2009

Posted by cleanidahoenergy in AEHI, Agriculture, economic benefits, Greenfield nuclear development, nuclear jobs, Water policy.
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Nuclear plants have advanced greatly in reactor design, safety systems, efficiency and reliability since my starting in the industry in the 1960s.

However, one area where nuclear plants – and thermal plants in general – haven’t changed much is dealing with excess heat. With a few exceptions, the approach today is much as it was 50 years ago: site the plant next to a plentiful water supply and use large amounts of water to cool the plant (with about 10-15% being  lost through those large cooling towers ). The industry’s view has been that nuclear plants are for creating large amounts of dependable, low-cost electricity – period – and that’s all baseload plants need to do.

Waste power plant heat has traditionally been viewed as nuisance, but having a plentiful supply of hot water is an incredibly useful thing. In our Idaho reactor, we will be using a hybrid cooling system, so that we’ll only lose to evaporation no more than a million gallons a day. There will be millions of gallons of heated water, however, that could sustain all kinds of industry – imagine a man-made source of geothermal water not quite hot enough to drive a power turbine, but plenty hot enough for dozens of practical uses.

Many industries spend huge amount of money heating water, usually with natural gas. Why not use a virtually free supply of hot water instead? Instead of just dissipating this hot water into the air, it could be useful  co-generation for almost any industrial process:

  • Food processing
  • Fertilizer production
  • Biofuels generation
  • Greenhouses
  • Facilities heating Crop application (where it could extend the growing season up to two weeks in each direction)
  • Recreation and wildlife habitat.

We have already had preliminary discussions with other industries interested in using this excess heat.

We have acquired existing water rights in the area and we have examined the concept of renting water from willing rights holders. Since we only need to rent water for cooling, we could return it to farmers after cooling and they could use it for whatever they were going to do in the first place.

We plan on installing cooling ponds next to our plant, useful for stepping down temperature as needed. Most American nuclear plants are located in farm or wildlife habitat areas so at the very least, the ponds will become incredible wildlife sanctuaries. But there is so much more potential.

Some reactors have used innovative approaches. Arizona’s Palo Verde plant, dating from the early 1970s, is one of the largest in the world and is the only reactor in the middle of a desert. How does it cool itself? It uses treated wastewater from Phoenix and other nearby urban areas. Of course, we aren’t proposing to use municipal wastewater to cool our plant. My point is that innovative approaches to plant cooling have been successfully tried and what we’re proposing is actually much less radical than cooling a reactor with sinks, showers and toilets. Hybrid cooling systems have been used successfully on fossil plants for years.

Of the nation’s 104 nuclear plants, only 4 are west of the Mississippi River. If nuclear plants are ever to become common in the arid West, they need to find new opportunities with cooling and heat disposal. We will take a progressive and pioneering approach with our proposed Payette reactor and use the excess reactor heat for many beneficial uses.

Colorado, land of progress September 28, 2009

Posted by cleanidahoenergy in AEHI, coal power, Colorado, economic benefits.
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Keeping our investors and the public updated is an important duty of ours. This news release is available on http://www.alternateenergyholdings.com as well

NEWS RELEASE
9:15 am ET
September 28, 2009

AEHI prepares to launch Colorado nuclear-solar power plant site

Boise, Idaho, September 28, 2009 – Alternate Energy Holdings, Inc. (OTC: AEHI.PK): AEHI executives visited Colorado last week to meet with a number of key county and state leaders to ascertain the support for a combination nuclear and solar power plant in Pueblo County. The trip also included a review of the property by a nuclear site expert to determine suitability.

Colorado currently does not have an operating nuclear plant but has a strong commitment to clean energy sources to address Climate Change using renewables, but base load power is primarily provided by coal plants. Therefore, the state is a prime candidate for nuclear to replace the aging coal plants to fully support their commitment to addressing Climate Change.

AEHI CEO, Don Gillispie, said, ” We were very encouraged by the supportive remarks from businessmen, labor leaders, politicians and members of the state’s administration. They clearly understand that nuclear plants not only create clean power necessary to help with environmental challenges, but low cost, reliable energy to stabilize the electric grid while creating thousands of high paying jobs.”

About Alternate Energy Holdings, Inc. (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 willing to build power plants in non-nuclear states. Other projects include, Energy Neutral which removes energy demands from homes and businesses (www.energyneutralinc.com), Idaho Energy Complex (nuclear and biofuels generation) and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. Also, AEHI China develops joint ventures to produce nuclear plant components among other things for export.

“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.

US Investor Relations:

208-939-9311

invest@aehipower.com

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