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Payette County Commissioners expected to vote on AEHI proposed nuclear power plant April 23, 2010

Posted by cleanidahoenergy in AEHI, approval process, Payette County, public opinion, rural nuclear, Uncategorized.
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EAGLE, IDAHO – April 23, 2010 – Alternate Energy Holdings, Inc. (OTCBB: AEHI) — Payette County Commissioners are expected to announce their decision Monday, April 26th at 11:00 AM concerning a change to the county’s comprehensive plan.  If approved, it would open the door to a proposal to build a nuclear power plant near New Plymouth, Idaho.

Commissioners currently have four different plan changes to choose from, all of which work very well for a nuclear power plant.  Should they choose the AEHI proposal, the company can then move forward on plans to rezone the property from agricultural to industrial.

“The county and an overwhelming majority of residents have already spoken out at a number of public meetings, telling the commissioners they want nuclear power in their community, and I believe the commissioners paid close attention to those requests,” said Don Gillispie, AEHI CEO.

The change to the comprehensive plan not only makes it possible to use the 5,000 acre parcel near Big Willow Road and Stone Quarry Road for industrial purposes, but it is worded specifically for a nuclear power plant.  This means the plan would allow for an industrial complex on the land only if that complex is a nuclear power plant.

The proposal has met with a great deal of support in Payette County, since the plant is expected to produce around 5,000 jobs through construction, and more than 1,000 jobs during operations.  Those jobs average $60,000 and $80,000 respectively.

The revenue during construction is also attractive to the county and the state.  Idaho will see an increase of $5.3 billion to its GDP and $4.8 billion of that money will flow directly through Payette County.

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 assisting KEPCO (Korea Electric Power Corporation) to export their APR 1400 reactor into the US 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.

AEHI optimistic about upcoming decisions in Payette & Elmore Counties April 13, 2010

Posted by cleanidahoenergy in AEHI, approval process, Colorado, Elmore County, Payette County, rural nuclear.
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PAYETTE, IDAHO: April 12, 2010, Alternate Energy Holdings, Inc. (OTCBB: AEHI) — Payette County Commissioners today delayed a decision on a comprehensive plan change until April 26th. The two weeks will give them enough time to discuss a few other potential changes that deal with bringing any kind of power producer into the county.

“This is good news for AEHI. While we would have hoped for a decision in our favor today, all the proposed improvements to the comprehensive plan involve changes that work very well for a nuclear power plant,” said Don Gillispie, AEHI CEO.

An overwhelming majority of Payette County residents have told commissioners in public hearings they want the plant, and more specifically the jobs and revenue a nuclear power plant will provide. Last year AEHI applied for a rezone of property near Hammett in Elmore County and was even permitted a series of public hearings on the application, but county commissioners never made a decision.

“They are now back to the table. While Elmore County Commissioners backtracked a little bit, they have accomplished a lot in very short amount of time. The Planning and Zoning Commission is about to move forward on a change to their comprehensive plan and once they do the county commissioners could approve it and immediately approve our rezone application since it’s already been through the public hearing process. I never thought I’d see Elmore County back in the game, but at this point they could surpass Payette County in the approval process by the end of the month,” said Gillispie.

The process has been of tremendous interest to the people of Idaho since the proposed plant is expected to increase the state’s GDP by $5 billion during construction, with $4.8 billion flowing directly through the county. Job numbers are equally impressive, as employment should jump by about 5,000 during construction and more than 1,000 during operation, with pay levels averaging $60,000 and $80,000 respectively.

About Alternate Energy Holdings, Inc. (http://www.alternateenergyholdings.com/) — Alternate Energy Holdings develops and markets innovative clean energy sources. The c ompany 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 assisting KEPCO (Korea Electric Power Corporation) to export their APR 1400 reactor into the US 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. ###

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.

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.

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.

Payette County Commissioners need to hear from you February 2, 2010

Posted by cleanidahoenergy in AEHI, approval process, Payette County.
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Dear friends of AEHI,

Thank you so much for your support in our attempt to build a nuclear power plant in Payette County.  This is a long process and one in which we need you continuing help.

As you may know Payette County Planning and Zoning recently requested a change to the county’s comprehensive plan, which directly affects our efforts.  That change is now headed to the county commissioners for approval.

The meeting is scheduled Monday February 22nd at 7:00 PM at Payette High School and will be a public hearing.  The address to the school is 1500 6th Avenue South.

Please show your support again by attending the meeting, and by offering your public testimony in person.  Our opponents will definitely be in attendance, so all the support we can muster will be greatly appreciated.

However, if you are unable to attend, you may send written testimony to commissioners. The deadline for emailed testimony is Monday, Feb. 15. You may send the testimony to either lroyston@payettecounty.org or imachuca@payettecounty.org.

The proposed nuclear power plant will bring with it thousands of jobs, increase pay rates for the surrounding work force, improve business for hundreds of local companies, while proving a financially success venture for local investors.

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.

Please forward this email to any other AEHI supporters who may also want to get involved.

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.

Payette County P&Z changes comprehensive plan January 15, 2010

Posted by cleanidahoenergy in AEHI, Payette County.
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Payette County P&Z changes comprehensive plan

Payette, Idaho: Alternate Energy Holdings, Inc. (AEHI:OB) – In a nine-to-two decision, the Payette County Planning and Zoning Commission approved a proposed change to the county’s comprehensive plan.

“This is a major hurdle for AEHI, one which sets us on a path to building a nuclear power plant in Payette County.  It’s been a major goal for us as a company, and one that is supported by an overwhelming majority of people living in and around the county,” said Don Gillispie, Alternate Energy Holdings Inc. CEO.

The plant is expected to employ thousands of people through the construction and eventual operations.  The facility will also change the financial landscape in Payette County, in a way that will require a variety of additional businesses to support the people working at the plant.

The next step involves the rezoning of about 5,000 acres of agricultural land near Big Willow Road and Stone Quarry Road.  Public hearings on that issue will be taken up by the Payette County Commission in the coming weeks.

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.

Tonight’s the night for Payette County January 14, 2010

Posted by cleanidahoenergy in AEHI, Payette County.
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Wish us luck! We are going before the Payette Planning and Zoning Commission tonight, which is expected to make a recommendation on our request there. We have asked to amend the comprehensive plan to allow rezoning of land or our proposed nuclear plant. Testimony in favor of our proposal was more than 4 to 1 in favor and mayors, business people and average residents showed their support. The meeting is at 7 p.m. in the Payette County Courthouse. While no testimony will be taken, please come and show your support for clean energy, jobs and economic development.