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Senate bill good news for energy security May 14, 2010

Posted by cleanidahoenergy in Politics and nuclear, President Obama, reprocessing.
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A proposed bill the US Senate would greatly promote the development of new nuclear generation and reprocessing facilities, according to this story in the Weekly Nuclear News. We hope it gets traction!

New energy policies for America

13 May 2010

A radical energy bill is on the table in the USA including stronger support for new nuclear generation and moves for a reprocessing research centre.

The 987-page Clean Energy Jobs and American Power Act, introduced to the Senate by John Kerry and Joe Lieberman on 12 May, leads with issues of nuclear power under the heading Encouraging Domestic Nuclear Power Generation. It is the most significant update to policy since the Energy Policy Act of 2005 which specified support for nuclear that has yet to really materialise.

After the section on nuclear come passages on a national strategy for carbon capture and sequestration, renewable energy and efficiency, cleaner transportation including electric vehicles and a set of overall goals for emission reduction.

Under the bill, “global warming pollution” would be reduced to 95.25% of 2005 levels by 2013, to 83% by 2020, 58% by 2030 and 17% by 2050. The method for this would be cap-and-trade, under allowances set by the Environmental Protection Agency.

Most immediately for nuclear, the bill echoes a request already made by President Barack Obama to boost the scope of loan guarantees for nuclear development to $54 billion. This is a big improvement on the current limit of $18.5 billion, which is only enough to aid finance for two or three projects.

It calls for the Nuclear Regulatory Commission (NRC) to “implement an expedited procedure” for more straight-forward applications to build – those with approved reactor designs, concerning sites with an Early Site Permit, or that come complete and with demonstrated financial backing. The NRC would have to suggest ways it could accelerate its processes within 90 days if the bill was passed. Within a year the commission would have to outline a way to “develop technology-neutral” guidelines for nuclear licensing “which will allow for a more seamless entry of new technologies into the marketplace.”

And for the construction phase, insurance against the risk of regulatory delays is to be boosted from the first six new reactors to the first 12 with a maximum payout of $500 million.

Small reactors

The bill contains language to help bring in a new era of small reactors: “Not later than 180 days after the date of enactment of this paragraph, the secretary [of energy] shall develop and publish on the website of the Department of Energy a schedule that contains an outline of a five-year strategy to lower effectively the costs of nuclear reactors.” A sum of $50 million is authorized in the bill for this program which includes research on “modular and small-scale reactors.”

Commitment to Excellence

Within one year, one of the USA’s national laboratories would have to be designated a “spent fuel recycling research and development centre of excellence to serve as the lead site for continuing research and development of advanced nuclear fuel cycles and separation technologies.”

This would be a major step in US policy away from President Jimmy Carter’s 1977 proliferation-inspired policy to never again separate plutonium. New methods could be developed where plutonium remains with fuel materials useless for nefarious bomb-makers. The USA’s entire management strategy for high-level waste and used nuclear fuel is under review in the wake of the decision to abandon the Yucca Mountain project.

Tax

A range of tax changes are also included to encourage utilities to build and manufacturers to enter the nuclear supply chain. Among these are an investment tax credit for nuclear power facilities and the inclusion of nuclear plants as qualifying for ‘advanced energy project’ credit.

For the supply chain, duty fees on certain nuclear components not available from US manufacturers will be suspended for ten years.

Researched and written
by World Nuclear News

More news from Colorado March 2, 2010

Posted by cleanidahoenergy in AEHI, coal power, Colorado, President Obama.
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The Pueblo Chieftian recently published a story related to our plans for a nuclear plant in Payette, Idaho, as well as our response to Obama’s promise for more loan guarantees. It’s a good story and you can read it here.

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.

Pressing forward in Idaho October 20, 2009

Posted by cleanidahoenergy in AEHI, Payette County, President Obama.
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Press Release 9:15 AM EDT

AEHI Submits Application for New Idaho Nuclear Plant Site

Boise, Idaho, October 20, 2009 – Alternate Energy Holdings, Inc. (OTC: AEHI.PK): AEHI submitted a Comprehensive Plan amendment application in Payette County, Idaho for the development of a nuclear power generating facility on approximately 5,100 acres of land. This is a key step to developing an additional nuclear site in Idaho. Our Elmore County rezone application is still in process. During this period other Idaho communities and groups began to learn of the significant economic benefits an advanced nuclear plant brings to areas particularly rural communities. Some US communities have issued statements to the press inviting nuclear developers and several states have even offered tax incentives.

Don Gillispie, AEHI Chairman and CEO said, “We believe President Obama’s recent pro-nuclear remarks not only reflect the nation’s, but the world’s view that nuclear power is the key to addressing Climate Change. His remarks align him with the world’s other economic powers and the UN’s consensus on how to address Climate Change. While renewable energy has almost universal support, many now realize it can only provide about one-third of the nation’s electricity when fully deployed due to intermittent reliability. A clean, highly reliable, base load power source like nuclear is also needed to stabilize our electric grids, keep electricity costs low and replace carbon sources that are harming our environment.”

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.

US Investor Relations:
208-939-9311
invest@aehipower.com

Obama supports “all of the above” approach to energy generation October 16, 2009

Posted by cleanidahoenergy in balanced approach, Barack Obama, coal power, President Obama, Steven Chu.
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It was very refreshing to hear President Obama restate his support for nuclear energy yesterday. At a townhall meeting in Louisiana, Obama states support for all clean energy sources – a view held by mainstream America – and singled out nuclear power. His remarks, beginning 5:45, were

“We need to increase domestic energy production. Theres no reason why technologically, we can’t employ nuclear energy in a safe and effective way. Japan does it and France does it, and it doesn’t have greenhouse gas emissions. It would be stupid for us not to do that in a much more effective way.”

Obama’s energy secretary, Steven Chu, has also strongly supported nuclear’s role in our national energy policy, as he realizes nuclear alone can provide low-cost, emissions-free, baseload energy.

With around 65 new nuclear reactors under construction worldwide, the U.S. needs to follow up these words with commitment, or risk being left out of the global economy, falling further behind in reliable power generation, industrial capacity and carbon reduction.The words supporting an all-of-the-above stance are nice, Mr. President, but now back them up with policy.

Rhetorical meltdown February 21, 2009

Posted by cleanidahoenergy in AEHI, anti-renewable energy, approval process, Elmore County, Energy policy, environmentalists, Idaho leadership, Mountain Home News, nuclear industry, Politics and nuclear, President Obama, Snake River Alliance, Steven Chu.
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It’s been a rough few months for the Snake River Alliance, and it shows in the shrill and over-the-top rhetoric of their news releases. I suppose it’s for the best they don’t blog and have removed from their Web site the ability for public comment.

Among the setbacks to the SRA: a pro-nuclear president and energy secretary are now in office; the SRA had to admit they were clueless when they stooped to calling us criminals; the state of Idaho has reshuffled its renewable energy priorities to better conform to reality; AREVA is moving forward with a uranium processing facility in Idaho; and the SRA has bailed on at least one public hearing to support embattled wind farm developers.

Apparently, the SRA is engaging in some fundraising by continuing its attempts to vilify us. Their latest news release, regarding our status as a fully reporting company before the SEC, is laughable to anyone with an understanding of business.

To clear up the SRA’s untruths:

• We were “four months late” filing our registration statements (on Feb. 19, we reported the SEC has accepted our registration statement, qualifying us to be a fully reporting company, conduct audits and file required financial reports for current and potential investors). This is nonsense. You can’t be late on a registration statement because there is no requirement to be fully reporting. It is a choice that public companies make to be more open.

• We didn’t disclose any lawsuits in filing our registration statement (at the time, we had a pending lawsuit against the SRA for defamation). You are only required to disclose lawsuits against your company, not lawsuits you have filed against others. Anyone who has been through this process knows that.

I failed to appear at the Legislature when invited. Very wrong. I have been invited twice to appear before an interim committee on energy (not the Legislature) and appeared both times. I testified once and the second time, the meeting ran an hour over and I had to leave to another meeting; I later emailed my remarks to the committee. The SRA knows this but conveniently forgets to mention it.

We “lost” the defamation lawsuit. After Andrea Shipley admitted she had no factual basis for calling us “scammers,” we did not object to their motion to dismiss the suit. Shipley’s critiques “generally represent the highly subjective opinions of the [speaker] rather than assertions of verifiable, objective fact,” according to the SRA court filing. Her admission that she had no factual basis for her statements is a retraction and that pleases us.

• We were late in paying a $50,000 bill to Owyhee County. We had originally proposed to build our plant in Owyhee County and the filing fee was $1,000 and we offered to pay $50,000 because of the exceptional nature of our application. We asked Owyhee County for a written bill, which we need for accountability purposes. The Mountain Home News on Oct. 8 quoted Commissioner Dick Freund: “Once notified in writing, they paid up almost immediately.”

We invite the SRA to be as open as we are and post a link to their financial statements – heck, maybe even start blogging, allow public comment and join the rest of us. The SRA’s distortions of facts and fulminations don’t substitute for a discussion of Idaho’s or America’s energy future.

Obama signals pro-nuke stance in Steven Chu pick January 20, 2009

Posted by cleanidahoenergy in balanced approach, Barack Obama, Global Nuclear Energy Partnership, international, nuclear industry, Politics and nuclear, President Obama, reprocessing, Steven Chu.
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I welcome President Obama to the leadership of the United States. While Obama has always been a supporter of nuclear power, his pick for Energy Secretary, Steven Chu, is especially encouraging.

On Jan. 13, Chu sat before the U.S. Senate Committee on Energy and Natural Resources and confirmed the Obama administration’s strong desire to push our country “towards energy independence, ” including a “continued commitment to nuclear power.”

Chu affirmed he was “supportive of the fact that the nuclear energy industry is, and should have to be, a part of our energy mix in this century.” Alluding to the Global Nuclear Energy Partnership, Chu said he’s “confident that the Department of Energy, perhaps in collaboration with other countries, can get a solution to the nuclear waste problem” and that reprocessing of used nuclear fuel “can be a part of that solution … certainly recycling is an option that we will be looking at very closely.”

Chu also told Senators that he supports the loan guarantee program to use $18.5 billion as security to encourage lending for low-carbon generation technology.

“Nuclear power, as I said before, is going to be an important part of our energy mix. It’s 20 percent of our electricity generation today, but it’s 70 percent of the carbon-free portion of electricity today and it is base-load. So I think it’s very important we push ahead.”

As I blogged previously, Obama also made a good pick in his National Security Advisor, James Jones, a retired Marine general and former president and CEO of the Institue for 21st Century Energy, an affiliate of the U.S. Chamber of Commerce. Jones advocates a comprehensive overhaul to U.S. energy policy in the name of national defense.