AEHI Begins Next Phase On Proposed Nuclear Power Plant In Payette County, Idaho

BOISE, IDAHO – January 3, 2012:  Alternate Energy Holdings, Inc. (OTC:AEHI.PK; www.aehipower.com) announced today the company filed a 60-day notice with Payette County, Idaho in preparation of federal site approval work related to AEHI's proposed nuclear power plant.  The notice is a key prerequisite for the next phase of the project.  It is also part of the company's legal obligation to Payette County prior to beginning any official work including core boring, environmental study, and installation of meteorological survey towers as part of the federal COLA process.

"We have waited a long time to get to this phase, in part because of several other steps that had to be accomplished first.  AEHI had to find a suitable site, which is very challenging in the western US and receive rezone approval from Payette County, which has been done.  We then had to contract a firm to handle site engineering and the NRC COL Application, which we accomplished with ENERCON.  We also needed a project director to take care of a lot of the required documentation among other things, which includes the 60-day notice, and we did that when we announced the hiring of Pete Honeysett.  I believe crossing these hurdles keeps us on the path to accomplishing our goal of building a nuclear power plant," said Don Gillispie, AEHI CEO.

AEHI announced final rezone approval from Payette County on June 20, 2011.  The company announced contract with ENERCON on August 10, 2011 and the hiring on J. Peter Honeysett on October 5, 2011.

About Alternate Energy Holdings, Inc. (http://www.aehipower.com)  -- Alternate Energy Holdings develops and markets innovative carbon-free energy sources. The company is the nation's only publicly traded independent nuclear power plant developer seeking to build a new nuclear power plant; Idaho Energy Complex is the lead project. Other business units include Energy Neutral(R), which reduces energy demands for homes and businesses using primarily renewables (http://www.energyneutralinc.com)  and Green World Water(TM), which markets nuclear desalination reactors primarily to developing countries for production of potable water, power generation and other suitable applications (http://www.greenworld-h2o.com).

Safe Harbor Statement: Statements in this press release which are not purely historical, including statements regarding Alternative Energy Holdings’, intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. . The forward-looking statements involve risks and uncertainties including, but not limited to, the risk the company may not raise sufficient money to fund the costs and expenses of the COLA application process, the risk that the company may experience delays in the COLA application process and the risk that the COLA application will not receive regulatory approval. Our business could be affected by a number of other factors, including the risk factors listed from time to time in the company's SEC reports including, but not limited to, the annual report on Form 10-K for the fiscal year ended December 31, 2010. The company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Alternate Energy Holdings, Inc. disclaims any obligation, and does not undertake to update or revise any forward-looking statements in this press release.

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Alternate Energy Holdings, Inc. (OTCQB:AEHI) is a unique corporation founded by senior executives in the nuclear and utility industry. The company was formed to address the mounting energy crisis affecting the U.S. economy. AEHI is now the parent company of three key subsidiaries, Idaho Energy Complex, Green World Water™ and Energy Neutral™. These are designed to specifically address the worldwide needs for clean energy through nuclear and renewable sources and the ever-increasing need for clean drinking water. Idaho Energy Complex is a key project for AEHI, which involves the building of a nuclear power plant in Payette County Idaho. Green World Water has designed the first commercially-available nuclear desalination system while Energy Neutral builds and retrofits homes and commercial buildings with renewable sources to reduce or eliminate energy bills.

For information about AEHI and our leadership, please go to the Company Information page.

A brand new nuclear power plant in Idaho

The Payette Site 

This project involves building a nuclear power plant on a 5,300 acre parcel near Big Willow Road and Stone Quarry Road in Payette County, Idaho. The nearest town is New Plymouth, Idaho. 

Currently the site is undergoing the local site approval process, which involves changing the county's comprehensive plan and eventually rezoning the property from agricultural to industrial.

"A business like AEHI is exactly what we need in Payette and by extension Payette County. It is the same reason I put my support behind this company. In my opinion, AEHI's leadership is steeped in nuclear power, with people who spent their entire careers in the nuclear industry. They have built and maintained power plants around the nation and I look forward to them bringing that same success to our community. As they succeed, so will our county and the people who live in it," said Jeff Williams, Chamber member and Mayor of Payette. 

Click here for a report detailing substantial, positive economic impacts on the community.