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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.

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.

AEHI’s second Idaho nuclear site gets boost from Elmore County P&Z January 25, 2010

Posted by cleanidahoenergy in AEHI, approval process, Elmore County.
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Eagle, Idaho, January 25, 2010 – Alternate Energy Holdings, Inc. (OTCBB: AEHI.OB): Elmore County Planning and Zoning Commissioners agreed to change the county’s comprehensive plan supporting AEHI’s proposed nuclear plant.

Commissioners agreed with AEHI and said other parts of the county should be available for heavy industrial development, which will help clear the way for a nuclear power plant near Hammett, Idaho.

According to the Mountain Home News, one of the new P&Z commissioners noted this process has taken far too long, nearly 24 months, about 75 percent longer than other Idaho counties.  It’s the same reason AEHI began looking at other counties several months ago.

Since then the company cleared a similar hurdle January 14th, when Payette County P&Z Commissioners voted to change their comprehensive plan in favor of a nuclear power plant.

“The process now comes down to the question of timely site approval as our stockholders and financial institutions are anxious to break ground on the Idaho project.  We’ve seen a huge outpouring of support from people living in both areas and believe these recent decisions confirm that support,” said AEHI Chairman and CEO Don Gillispie.

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 and seek large investors for its projects.

“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.

Dan Hamilton
Director of Public Relations Alternate Energy Holding Inc. (AEHI)
911 E Winding Creek Drive, Suite 150
Eagle, ID 83616
work: 208-939-9311
cell: 208-914-8894
fax: 208-939-9260
email: dan@aehipower.com

Investment contacts:
invest@aehipower.com

208-939-9311

AEHI’s second Idaho nuclear site gets boost from Elmore County P&Z

Eagle, Idaho, January 25, 2010 – Alternate Energy Holdings, Inc. (OTCBB: AEHI.OB): Elmore County Planning and Zoning Commissioners agreed to change the county’s comprehensive plan supporting AEHI’s proposed nuclear plant.

Commissioners agreed with AEHI and said other parts of the county should be available for heavy industrial development, which will help clear the way for a nuclear power plant near Hammett, Idaho.

According to the Mountain Home News, one of the new P&Z commissioners noted this process has taken far too long, nearly 24 months, about 75 percent longer than other Idaho counties.  It’s the same reason AEHI began looking at other counties several months ago.

Since then the company cleared a similar hurdle January 14th, when Payette County P&Z Commissioners voted to change their comprehensive plan in favor of a nuclear power plant.

“The process now comes down to the question of timely site approval as our stockholders and financial institutions are anxious to break ground on the Idaho project.  We’ve seen a huge outpouring of support from people living in both areas and believe these recent decisions confirm that support,” said AEHI Chairman and CEO Don Gillispie.

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 and seek large investors for its projects.

“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.

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.

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.

 

Elmore P and Z recommends changing comp plan to allow nuclear reactor November 19, 2009

Posted by cleanidahoenergy in AEHI, Elmore County, Payette County.
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Inconsistencies in Elmore County comp plan made it difficult to rezone site for proposed reactor, but company is pressing forward with new Payette County site

Nov. 19, 2009
For more information:
Don Gillispie 208-939-9311

Jennie Ransom 208-939-3495

www.aehipower.com
www.facebook.com/aehipower
www.twitter.com/aehi

 

In somewhat of a reversal from last year’s decision, the Elmore County Planning and Zoning Commission Wednesday voted to move forward with amending its comprehensive plan so developers could rezone land for a proposed nuclear plant. The company proposing to develop the plant welcomed the vote – even as Payette County holds a meeting tonight to consider a separate proposal for a nuclear plant.

 

In April 2008, Alternate Energy Holdings Inc. applied to rezone about 1,280 acres in Elmore County to industrial use for a proposed nuclear reactor. In July, the Elmore County Commission found the county’s comprehensive plan was unclear, as it restricted industrial development to a remote area without services, yet sought to promote economic development. The commission directed its Planning and Zoning Commission to consider amending the Elmore County Comprehensive plan to allow the proposed nuclear plant rezone.

 

“It has been clear to us that Elmore County’s comprehensive plan, while well-intentioned, has appeared to keep industrial development to one zone, thus denying other areas of the county the benefits of industrial development,” said AEHI CEO Don Gillispie. “We welcome Wednesday’s vote as a favorable sign that Elmore County is committed to making sure that its comprehensive plan is used to facilitate growth, not obstruct it.”

 

Nevertheless, Gillispie said he is looking forward to tonight’s public hearing before the Payette County Planning and Zoning Commission. In October, AEHI submitted an application to amend the Payette comprehensive plan and rezone some 5,100 acres for a nuclear plant. The Payette submittal came a year and a half after the Elmore submittal when AEHI felt Elmore County wasn’t processing its application in a timely manner.

 

If this step in Payette is successful, the company will have one more hearing for the rezone of the property currently anticipated before year’s end. Rezone approval will then allow pre-COLA (Nuclear Regulatory Commission application) preparations to begin in the first quarter of 2010.

 

“While we welcome the Elmore County P and Z’s acknowledgement that their plan needs to be reconciled, we are moving forward with our proposal in Payette County as well and look forward to tonight’s hearing before the Payette County Planning and Zoning Commission,” Gillispie said. “We are confident there is at least one jurisdiction in Idaho that is open to having a clean, well-paying, stable industry anchoring their economy.”

 

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

 

November 17, 2009

Posted by cleanidahoenergy in AEHI, approval process, Payette County.
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Press Release

9:15 AM EDT

AEHI Optimistic about Hearing this Week for New Idaho Nuclear Plant Site

Boise, Idaho, November 17, 2009 – Alternate Energy Holdings, Inc. (OTC: AEHI.PK): AEHI’s Comprehensive Plan amendment application hearing in Payette County, Idaho for the development of a nuclear power plant is currently scheduled for November 19. If this step is successful, the company will have one more hearing for the rezone of the property currently anticipated before year’s end. Rezone approval will then allow pre-COLA (Nuclear Regulatory Commission application) preparations to begin in the first quarter of 2010.

Don Gillispie, AEHI Chairman and CEO said, “As current national polls show 75% of Americans support new nuclear power plants, communities are openly inviting nuclear developers to consider their location as a potential site. 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.”

“Many large investors and financial organizations have been watching our progress and have clearly indicated local approval will be key to their involvement,” said Gillispie.

In addition, our Elmore County rezone application is still in process and also is being reviewed this week by the Planning and Zoning Committee.

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

Don Gillispie

Chairman and CEO

Alternate Energy Holdings, Inc

911 E. Winding Creek Drive

Suite 150

Eagle, ID 83616

208-939-9311

208-939-9260 (fax)

www.alternateenergyholdings.com

This communication may contain information that is PROPRIETARY or PRIVILEGED, and CONFIDENTIAL, and may not be used or disclosed without the consent of AEHI.

Moving forward on multiple locations October 30, 2009

Posted by cleanidahoenergy in AEHI, Payette County, rural nuclear.
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Press Release

9:15 AM EDT

Oct. 30, 2009

AEHI expects Idaho nuclear site approval soon and seeks new states to build more plants to address “Global Warming”

Boise, Idaho, October 30, 2009 Alternate Energy Holdings, Inc. (OTC: AEHI.PK): AEHI projects at least one of their Idaho nuclear sites will receive local approval early in the first quarter of 2010. The approval will trigger investments predominantly from international sources for the plant site.

 

In addition to the Colorado site, the company is seeking other states that have indicated interest in an advanced reactor including Arizona, New Mexico, Oklahoma, Nevada and Utah.

 

Don Gillispie, AEHI CEO and a 45 year nuclear industry veteran said, The EPA recently projected 180 new nuclear reactors would be needed to significantly reduce US emissions and meet energy needs by 2050. However, they did not consider that most of the nation’s 104 nuclear reactors would be past their useful life. Therefore, almost 300 new reactors would actually be needed while only 30 or so are planned. If the large regulated utilities are not going to help with this challenge by replacing their coal plants with clean nuclear, we certainly are willing and actively seeking new sites and investors to help address this critical problem. If we build electric cars to reduce emissions, but our utilities continue to build carbon power plants like coal and natural gas we have gained nothing environmentally.”

 

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

 

Letter to investors September 11, 2009

Posted by cleanidahoenergy in AEHI, China, Chinese nuclear energy, economic benefits, Elmore County, international, Investment news, nuclear industry.
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I sent a letter to investors recently. Keeping people informed about our company, its goals and status is an important to us.

September 9, 2009

Dear AEHI Stockholder,

First, let me thank you so much for your investment in AEHI. The company has several nuclear projects underway including our lead site in Idaho, as well as Colorado, a desalination reactor in Mexico and a Tar Sands reactor in Canada to remove trapped oil.

We also formed Energy Neutral, Inc last year to install wind, solar and geothermal heat pumps on homes and offices to eliminate energy bills. Currently, we plan to build our first energy free model home starting the first of October to demonstrate we can construct buildings with no power bills at essentially the same price as those with energy bills. This will help launch our first energy neutral subdivision. The Energy Neutral Trade Mark name is pending as well.

The Idaho reactor, Idaho Energy Complex, is in the process of seeking local approval and we expect it by year’s end. After the Elmore County site approval was delayed due to process problems, we began looking at other sites and now have three additional Idaho counties who are extremely interested in having our plant. A little competition is always healthy. In addition, we are reviewing state lands for potential sites. After two years of educating Idaho citizens along with support from the national media and key state leaders, we have no doubt that an approved site will happen in Idaho soon and we will be adding staff locally to accommodate. We have a funding commitment from Source Capital for the site.

In July, we opened an office in Beijing, China with some investors as AEHI China to facilitate joint ventures for nuclear components among other things and large institutional investors. With the support of the Chinese government nuclear officials, we have several companies who are interested in working with us. I now travel to China every couple of months to facilitate these deals. Also, we are in the process of negotiating on the price to bring the Korean advanced reactor, APR 1400, to the US. This reactor will be lower than the cost of the other reactors currently in the US market making us more than competitive with any new source of electricity in the country. As a backup, we have begun to talk with Mitsubishi Heavy Industries about their advanced reactor as well. Further, we have a large energy trust that is willing to loan us up to $5 billion for the plant construction phase.

Lastly, in lieu of going on the London Plus Exchange as mentioned in my last letter, we are starting the process for our first public stock offering (IPO) for later this year and a move to the American Stock Exchange. This will open the stock up to institutional and more international investors by the first quarter of 2010 allowing us to leave the penny stock category.

As you can see there is plenty of positive news in the making, we will publicly announce this information as it unfolds. If you would like some more AEHI stock or have qualified investor friends, the price is at its lowest from the company at 5 cents per share with no broker fee or volume limit like in the market. This offer will end October 31 when we file for our public offering. We doubt this price will ever be available again. Also, if you have an unrestricted investment 401K or any IRA you can transfer funds to AEHI stock as well.

Just send an e-mail to invest@aehipower.com or call 208-939-9311for more information and PPM, or you can just mail a check to AEHI if an existing investor. If you are an investor you can add to your holdings for as little as $1000 or any amount above that minimum. New investors need to review the PPM.

Again, thanks for your support as we try to help the country with jobs and clean, low cost energy that will also assist us with energy independence.

Best regards,

Don Gillispie