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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.

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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. ###

US public support for nuclear at record high April 2, 2010

Posted by cleanidahoenergy in Energy policy, public opinion, reprocessing.
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American public support for nuclear just keeps increasing. According to the World Nuclear News, US public support for nuclear energy has reached a record high, with 74% of people saying they are in favour of nuclear energy.

Surveys have shown a significant change in the US public’s view of nuclear energy over past years. In 1983, a Bisconti poll showed 49 percent of Americans supported nuclear.

The latest poll found 80 percent of  men and 68 percent of women favor nuclear. It also showed 33 percent strongly favored nuclear, more than triple the number who strongly oppose it. Some 87 percent of those questioned said they believe “nuclear energy will play an important role in meeting the nation’s electricity needs in the years ahead.”

In addition, 70 percent of respondents agreed the USA should “definitely build more nuclear power plants in the future”, compared with 28 percent who disagreed. The poll also showed high support for the US government  encouraging investment and 72 percent of those questioned said they backed government loan guarantees.

In addition, 82 percent said existing US nuclear power plants are “safe and secure” and some 79 percent  also said they would support a US plan to recycle used nuclear fuel rods in order to generate more electricity and reduce the amount of waste.

“This unprecedented support for nuclear energy is being driven largely by people’s concerns for meeting future energy demand and environmental goals, but it coincides with statements by President Barack Obama and other national leaders who have voiced strong support for new nuclear power plants,” said Ann Bisconti, president of Bisconti Research. “The President’s State of the Union speech and his subsequent announcement of federal loan guarantees for new nuclear reactors in Georgia clearly has elevated the issues in people’s minds.”

Last week, by the Gallup polling organization published a public opinion poll that also found a record high support for use of nuclear energy in the USA.

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.

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.

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.

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.

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.