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.Tags: AEHI, Energy policy, nuclear power, nuclear power and acrigulture, Payette County, stockholders
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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.Tags: AEHI, Idaho, local process, national interest, payette, 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.Tags: AEHI, local process, nuclear power, 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.Tags: 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.
AEHI-Korean deal has no bearing on US reactor projects going forward January 13, 2010
Posted by cleanidahoenergy in AEHI, Korean reactors, Payette County.Tags: AEHI, Korea
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Boise, Idaho, January 13, 2010: Alternate Energy Holdings, Inc.(OTC:BB, AEHI.OB) — A lot of writers have drawn the conclusion that without a deal in Korea, there is no potential for a proposed nuclear power plant in Payette. That couldn’t be further from the truth. AEHI wants the reactor because of its superior level of quality, price and sales commissions on other US sales. But there are other reactors on the market, so the plant will go forward with or without a Korean-made reactor.
A lot has been written over the past few days about AEHI CEO Don Gillispie and a recent trip to Korea. The trip, which was planned months in advance, was aimed at finalizing a year old negotiations to import Korean-made nuclear reactors to the United States. That same reactor, called an APR 1400 would also be the key ingredient to a proposed plant in Payette County, Idaho.
Although no decisions were ever made, or contracts signed, Gillispie still believes it was a very positive trip. Not only did AEHI receive confirmation of a potential deal in the future from KEPCO (Korean Electric Power Company), Gillispie also received similar confirmation directly from the Korean Prime Minister, and from a past Korean secretary of energy who spoke to the President of Korea during the trip.
News of Gillispie’s trip was so noteworthy, in fact, that TV and print journalists from two of the largest Korean media outlets took time to interview Gillispie on his trip. One newspaper, which did not, was the Korean Times, which seems to be the only article anyone wants to quote and it only used unnamed KEPCO sources.
In any case, the Korean reactor deal has no effect on the future of its US reactor projects and simply much ado about nothing by our opponents.
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.
Korean Prime Minister negotiates with AEHI January 10, 2010
Posted by cleanidahoenergy in AEHI, Korean reactors, reactor types.Tags: AEHI, Korean, nuclear power
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Boise, Idaho, January 9,
2010: Alternate Energy Holdings, Inc. (AEHI:OB)
CEO Don Gillispie remains in negotiations with Korean officials over the importing of Korean-made nuclear reactors into the U.S. market.
While there, Gillispie met with Korean Prime Minister Un-Chan Chung. During that meeting Chung expressed his own interest in following through on a potential agreement with Alternate Energy Holdings as soon as possible.
Any agreement would include commissions for other North American reactor sales for AEHI.
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.
Best wishes to the Fresno Nuclear Energy Group January 4, 2010
Posted by cleanidahoenergy in AEHI, Agriculture, Areva, economic benefits, rural nuclear.Tags: AEHI, Areva, California nuclear, farms, Fresno Nuclear Energy Group, nuclear power and acrigulture, nuclear reactors
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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.
Thanks to the Payette Chamber of Commerce December 28, 2009
Posted by cleanidahoenergy in Elmore County, Payette County.Tags: AEHI, charity, Elmore County, Payette County
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Chambers of commerce are great organizations. Nuclear plants, like any large employer, rely on a vital and active business community to trade with locally and chambers have an important role to play. We are pleased to join the Payette Chamber and they were very kind to mention us in their recent newsletter (an edited version is below). In addition to the $1,000 we donated to WICAP, we gave $2500 to Operation Warm Heart this year in Elmore County, bought clothes for teen boy in need, gave cash to family whose house burned and I am sure I forgot some others.
From: Payette Chamber of Commerce [mailto:info@payettechamber.com]
Sent: Tuesday, December 22, 2009 3:37 PM
To: Undisclosed-Recipient:;
Subject: New members…donations delivered!
Hello Everyone!
First, I would like to thank Idaho Power Co. for joining our Sustaining Member roster today! Mike, you’re wonderful…thanks for all you do! (smiling..) YAY! I have appealed to several businesses to consider being sustaining members and if YOU are thinking about it, please call and talk to me if you have any questions!
I would also like to welcome a new chamber member today! AEHI (Alternate Energy Holdings Inc) is your Chambers newest member! Thank you for joining AEHI and we welcome you into our membership! Their Chairman and CEO, Mr. Don Gillespie, will be our speaker at the July 2010 General luncheon meeting and we look forward to hearing more about the nuclear power facility seeking a home in Payette County! Please go to their website at http://www.alternateenergyholdings.com/ and learn more about nuclear energy. There is an interesting video at the bottom of their homepage that you can view which features Mr. Gillespie, our own Mike Hanigan, VFW Cmmdr. Denny Croner, and Fruitland Mayor Ken Bishop.
If any of you have flyers, news or events that you would like to have mentioned or inserted into the January electronic newsletter…the deadline for that will be Tuesday December 29th. REMEMBER IT’S STILL FREE TO MEMBERS…:)
This morning was wonderful for your chamber director (smiling)…I so enjoy giving at Christmas and I was blessed to able to help Albertson’s deliver your Turkey dinners this morning to WICAP~! I have posted the pictures on our website in the album titled “Christmas 2009 Turkey Bucks” and I will attach a group picture here of those who were there. (wow, I just noticed I had the exact same clothes on in the Thanksgiving picture delivering turkeys to WICAP…lol…they are going to think I have no other clothes! ..chuckling)..Anyway, it was truly a joyful experience to help deliver those 63 dinners this morning! Thank you all so very much!!
Another wonderful thing happended today…when I got back to the office, I had an email from Don Gillispie (of AEHI) who had not received my emails about the turkey bucks drive (since he wasn’t a member yet) but had had yesterdays results of the drive email forwarded to him (by Denny Croner) to let him know about it…and about the chambers involvement in it. Don Gillispie wanted to know how he could donate $1000.00 for the cause! I had to tell him that the drive was over, but I did talk with Alan Deardorff (of WICAP) who said that they are in need of cash now (the food needs, toys needs and clothing needs had been met) for families who are in emminent danger of having their heat, lights and water turned off. So Mr. Gillespie has made his donation directly to WICAP in the form of cash to help meet those needs also. I swear (tears up) we live in a wonderful world…and angels DO walk among us!!
Thank you to everyone who has helped us this Thanksgiving and Christmas holiday season to bring cheer, warmth and sustainance to those less fortunate than ourselves…thank you to those who haven’t helped but who spent a quiet moment wishing they could have (I am personally among this group)…and may God bless those who are receiving your generous donations today that they might have a truly blessed Christmas!
MERRY CHRISTMAS ….from me to you….and from your Chamber to your businesses…
Shelley Breidenbach
Executive Director
Payette Chamber of Commerce
AEHI retains JSBarkats PLLC a Wall Street experienced Corporate and Securities law firm December 21, 2009
Posted by cleanidahoenergy in AEHI, Investment news.Tags: AEHI, AEHI stock
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Press Release
9:30 AM ET
AEHI retains JSBarkats PLLC a Wall Street experienced Corporate and Securities law firm.
New York, December 21, 2009: Alternate Energy Holdings, Inc.(OTC: AEHI.PK) announces that it has retained the services of Mr. Sunny J. Barkats, Esq., a PIPE and APO experienced attorney and the founding partner of JSBarkats PLLC who is leading the Securities/Capital Markets group at the New York office. JSBarkats acts as the Company’s general counsel and help represent AEHI in all aspect of the Company’s SEC compliance and securities legal work as well as help with structuring future financing for the Company. Mr. Barkats recently introduced AEHI to a fund, with which the Company discussed the opportunity for a potential financing as potential fundamental investors, providing the Company with legal services and opening doors on Wall Street.
Don Gillispie, AEHI Chairman and CEO, said, “Working with individuals of this caliber will only serve to elevate our company’s profile in the investor community. JSBarkats bring a level of experience and insight into the capital markets that should be extremely beneficial to Alternate Energy and its shareholders.”
About JSBarkats PLLC, and Mr. Barkats. (http://jsbpllc.com/home)
Sunny J. Barkats, Esq., is a seasoned corporate and securities practitioner specializing in the PIPE and APO industry. His principal experience has been in private placements, mergers, acquisitions and dispositions, SEC compliance, public offerings, general 1933 and 1934 Act matters and strategic business relationships, he is the partner responsible for building and growing the Securities/Capital Markets practice group in the New York office of JSBarkats PLLC, an innovative dynamic full service law firm with more than 10 attorneys headquartered in the heart of Manhattan’s Financial District, and with affiliated offices in Israel, and France. Mr. Barkats principally represents publicly traded emerging growth and established companies, both domestic and foreign, in a wide variety of industries, particularly in the Defense and the “green” technology industries. He also represents investment banking institutions, high net worth individuals and other investors. Mr. Barkats is a frequent speaker and wrote articles in various editorials and professional publications on Banking, Securities and Capital Markets law topics.
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. As a result, investors should not place undue reliance on these forward-looking statements.
US Investor Relations:
208-939-9311
Progress in China December 15, 2009
Posted by cleanidahoenergy in Agriculture, China, Chinese nuclear energy, nuclear industry, Water policy.Tags: AEHI, China, Desalination, nuclear power
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Press Release 11:40 AM EDT
AEHI begins development of a joint venture using a large nuclear reactor for desalination of sea water into potable water and electricity production
Beijing, China, December 15, 2009 – Alternate Energy Holdings, Inc. (OTC: AEHI.PK): AEHI China has recently signed an agreement to cooperate in the develop of a joint venture with the Nuclear Power Institute of China to design, manufacture and market world-wide a 1000 MWe reactor with the ability to produce potable water from sea water or unsuitable fresh water and electricity. The new reactor-desalting unit will be very competively price in the world market. An AEHI holding, International Reactors Inc, hopes to be able to start accepting orders in 2010.
Don Gillispie, AEHI Chairman and CEO, said, “Two of mankind’s biggest challenges today are obtaining adequate fresh water and low cost, reliable, clean electricity. The world demand for fresh water will outstrip supply in about 15 years by 50% due to drought, population growth and industrial demand. We believe this reactor-desalting unit can uniquely produce the much needed water and electricity to pump it far inland where needed without creating pollution from fossil fuels.”
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. As a result, investors should not place undue reliance on these forward-looking statements.
US Investor Relations:
208-939-9311
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