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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.

Back on the NRC schedule! March 30, 2010

Posted by cleanidahoenergy in AEHI, nuclear jobs, Nuclear Regulatory Commission.
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Nuclear Regulatory Commission recognizes AEHI project in Payette

Eagle, Idaho: Alternate Energy Holdings, Inc. (AEHI:OB) – The Nuclear Regulatory Commission has officially recongnized AEHI’s proposal to build a nuclear power plant in Payette County, Idaho.

“This is something we’ve been waiting for the NRC to do for quite sometime,” said Don Gillispie, CEO of AEHI, “Until now the agency has had our Idaho project site listed in Hammett, which has needed correcting for several months.”

AEHI’s listing with the NRC can be viewed on the agency’s list of “New Reactor Licensing Applications”, which can be found on the NRC website at http://www.nrc.gov/reactors/new-reactors/new-licensing-files/new-rx-licensing-app-legend.pdf.

The project remains a very highly anticipated proposition for people living in and around Payette County. According to a recent study, the project will introduce $5.3 billion dollars into the Idaho economy, through construction, $4.8 billion of that revenue will flow directly into Payette County.

Employment opportunities also remain a high point. An estimated 5,000 jobs will be created through the construction process, and more than a thousand positions will be made available through operations, with average pay hovering around $80,000 a year.

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.

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.

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.

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.

Local approval of nuclear plant rezone could lead to as many as 100 short-term jobs this coming spring, according to company November 23, 2009

Posted by cleanidahoenergy in AEHI, approval process, errata, nuclear industry, nuclear jobs, Payette County, rural nuclear.
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[The first version of this news release erroneously stated the county where people may send supportive testimony for the Payette County nuclear plant; this error has been corrected in the version below]

Local approval of nuclear plant rezone could lead to as many as 100 short-term jobs this coming spring, according to company
Testimony ran 2-to1 in favor of plant at last week’s public hearing

Nov. 23, 2009

For more information:

Don Gillispie, 209-939-9311

http://aehipower.com

http://facebook.com/aehipower

http://twitter.com/aehi

Testimony for a proposed nuclear plant at a hearing last week was 2 to 1 in favor and the company says it may start hiring a few dozen people locally as early as next spring, assuming the county rezones the land.

“Discounting the usual anti-nuclear group speakers from around the state – who have no vested interest in Payette’s land use – the ratio was closer to 3 to 1 in favor,” said Don Gillispie, CEO of Alternate Energy Holdings Inc.

Gillispie said preliminary site assessment will create an immediate need for drillers, surveyors, earth movers, contractors, laborers and other well-paying jobs.

“Our proposed power plant will put thousands of people to work when construction hits full stride, but preliminary site assessment this spring may start employing workers in the short-term,” Gillispie said. “According to economic projections, the project will create 4,000 to 5,000 jobs during the construction phase, which could start as soon as 2013.”

However, a limited amount of work will need to take place this spring for site study. For example, a meteorological tower and some simple outbuildings will need to be constructed and some grading done. Well drillers will be hired to take core samples and surveyors to stake out preliminary locations. Basic electrical service will also be brought to the site, requiring electricians.

All of this work will be in preparation for an application to the Nuclear Regulatory Commission. Gillispie hopes to make an initial NRC application in the spring of 2011 (the company must collect a least a year’s worth of meteorological data).

Gillispie said these jobs heavily depend on local approval of the comprehensive plan amendment and rezoning of the land, as these will unlock additional investment. He encouraged people to send resumes and letters of interest to info@aehipower.com and to send supportive testimony to Payette County at lroyston@payettecounty.org pr imachuca@payettecounty.org prior to the Dec. 10 deadline. AEHI also expects to have an informational video up on its Web site www.aehipower.com by Tuesday.

“We have lots of investors, including large institutional investors, who are watching the approval process closely,” Gillispie said. “Naturally, they are seeing if we can at least make it over the first hurdle before they consider loaning money for site prep work.”

AEHI considered building a plant in Owyhee County in 2007 and early 2008, until discovery of a geological fault stopped the project. With no other suitable sites in Owyhee County, the company turned its efforts to Elmore County, where the rezone request has been delayed for over a year with no vote on the application. Nevertheless, the company has spent a total of $10 million in these two counties to date – and most of the money was spent in Idaho, creating the equivalent of approximately 200 jobs.

“The closer companies and contractors are to Payette County, the more employment priority we will give them, and those located in the county will get highest priority of all,” Gillispie said. “We will also be going through a stack of hundreds of resumes we have collected from people at a jobs booth in April, and resumes and letters of interest people have sent us over the years.”

AEHI has filed to amend the Payette County comprehensive plan and rezone some 500 acres of a 5,100 acre parcel; the remaining 4,600 acres will remain ag and serve as a buffer.

At a hearing last week before the county planning and zoning commission, about two dozen Payette County and Idaho residents said the plant is needed to bring safe, secure employment and clean industry to the county. The P and Z commission will discuss the issue on Thursday, Dec. 10 and are expected to make a recommendation to the Payette County Commission on that date.

The county commission will hold another hearing and vote on the rezone, possibly by year’s end. Rezone approval will then allow pre-COLA (Nuclear Regulatory Commission Application) preparations to begin in the first quarter of 2010.

“As current national polls show 75 percent of Americans support new nuclear power plants, communities are openly inviting nuclear developers to consider their location as a potential site,” Gillispie said. “It is certainly refreshing to see this change, but not surprising considering the extensive benefits of these plants. It is apparent our new Idaho county is up to the competitive challenge in processing our application in a timely fashion.”

The nuclear industry is already putting people to work. According to the Nuclear Energy Institute, “nuclear energy is one of the few bright spots in the US economy – expanding rather than contracting.” An NEI report says the prospect of new plant construction in has already stimulated considerable investment and job creation among companies that supply the nuclear industry:  “Over the last several years, the nuclear industry has invested over $4 billion in new nuclear plant development and plans to invest approximately $8 billion in the next several years to be in a position to start construction in 2011-2012.” In the course of this, NEI said, “private investment in new nuclear power plants has created an estimated 14,000-15,000 jobs.” The number of new jobs “will expand dramatically after 2011 when the first wave of these new nuclear projects starts construction.”

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. Also, AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.

“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.