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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.

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