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Company Information

 

Alternate Energy Holdings, Inc. (AEHI) is a unique corporation founded by former senior executives in the utility and finance industries specifically to address the mounting ‘energy crisis’ affecting the US economy and standard of living today. A key objective for AEHI is decreasing US dependence on foreign sources of power, which are progressively proving less reliable and more political in their influence. Another goal is to reduce energy costs to consumers by supplying low cost electricity; provide technology to construct buildings and homes without energy bills; improve grid reliability with large base load plants; and create much-needed jobs.

 

AEHI’s primary initiative is construction of a proposed nuclear power plant in Payette County, Idaho. AEHI will be at the forefront of this opportunity as the first publicly traded independent nuclear generating company in the U.S. and will easily outperform large nuclear and fossil type utilities with their inherent bureaucracy.

 

AEHI additionally seeks small green energy companies for acquisition and the creation of new ones. By providing superior management and networking skills to expand their markets, AEHI assists acquisitions with growth and development. The company will continue to look for opportunities for expansion through the purchase of additional sources of eco-efficient power. Through the ownership of existing power generation sources, AEHI will assist in expediting the regulatory approval for its construction of new energy sources, including joint ventures to produce reactors and nuclear components as well as other energy sources.

 

Company Leadership

 

 

 

Donald Gillispie, CEO

 

Mr. Gillispie has over 45 years experience in construction, operations and maintenance of nuclear power plants. He is widely considered one of the more experienced senior executives still working full time to help the United States reemerge as the world’s leader in nuclear power.

 

Gillispie received his undergraduate degree in electrical engineering at Clemson University, where he graduated cum laude. He later completed the senior executive program at the MIT Sloan School of Management.

 

His real interest in nuclear power began in the military. He completed the Navy Nuclear Power School, became a nuclear operator, and served aboard the SSBN, Francis Scott Key.

 

Since that time, Gillispie has served in a number of positions in the nuclear industry. He worked on the startup of Beaver Valley Unit 1 in Shippingport, Pennsylvania. He worked on the construction and startup of Duke Energy’s first three nuclear units at Oconee Nuclear Station in South Carolina. While working for Tennessee Valley Authority, Gillispie was involved in the construction, startup and operations of three nuclear facilities. And while working with the Institute of Nuclear Power Operations he was a manager of engineering and director of restart respectfully for the turnaround of the Rancho Seco and Pilgrim nuclear power plants.

 

Gillispie helped found a cornerstone program for the Institute of Nuclear Power Operations (INPO), which is the safety watchdog to all U.S. nuclear utilities. He also helped startup the Nuclear Management Corporation (NMC), a nuclear operating company in Wisconsin, which operated up to eight nuclear power plants with 5,000 employees. Incidentally, NMC was awarded best in class by Forbes.com in 2001. And as owner of Grace Glens, a private nuclear-technical management consulting company, Gillispie consulted with some of the largest nuclear utilities in the United States, advising senior executives on commercial nuclear power operations.

 

As part of a three-man executive team, Gillispie assisted in overseeing the 2007 reopening of Browns Ferry Nuclear Plant unit three in Alabama before moving to Idaho to be near AEHI's first nuclear project. Its reopening was attended by President George W. Bush.

 

Rick Bucci, CFO

 

A Certified Public Accountant and former CFO, has served as Chief Financial Officer of AEHI since September 2007. Mr. Bucci has practiced accounting and tax for 20 years; his diverse background includes hotels, construction, real estate development and banking. Additionally, he has served previously as CFO of two corporations. His experience includes tax planning and preparation, audit services, financial statement preparation and presentation, bank financing and various consulting engagements. Also, Mr. Bucci is a Certified Public Accountant licensed to practice public accounting in New York State.

 

Mike Sellman, Board Member

 

Mike Sellman, Director, a past CEO and founder of the Nuclear Management Company that operated 8 nuclear reactors in the Midwest. He also served as a nuclear site vp and plant manager during his career. He has served on the board of Nuclear Energy Institute, Institute of Nuclear Power Operations and American Nuclear Society. Mr. Sellman is an international nuclear consultant and advises Idaho National Laboratories. He began his career in the Navy Nuclear Program working on Admiral Rickover's staff.

 

John Franz, Board Member

 

John Franz, a past Vice President of a nuclear utility, hasserved on the Board of AEHI since February 2007. Since leaving the nuclear utility, he has been a consultant for 12 nuclear power plants and 2 consulting firms, including practice INPO Accreditation Boards and membership on Nuclear Safety Review Boards. Mr. Franz has 36 years of diverse experience in the licensing, start-up, operation, and management of nuclear power plants. Most notably, he led a troubled plant to top NRC and INPO ratings, as well as directed a plant restart effort following a mandated NRC shutdown.

 

Ken Strahm, Sr., Board Member

 

A past President of the nuclear industry watchdog organization INPO, has served on the Board of AEHI since inception. Prior to his retirement, Mr. Strahm was employed by the Institute of Nuclear Power Operations (INPO) in Atlanta, Georgia, where he served as the Director of the National Academy for Nuclear Training and later as President of the Institute.

 

Ralph Beedle, Board Member

 

A past Senior Vice President of the Nuclear Energy Institute, has served on the Board of AEHI since inception. Mr. Beedle retired after serving as Senior Vice President and Chief Nuclear Officer of the Nuclear Energy Institute – where, in addition to his operational management duties, he interacted regularly with the U. S. Nuclear Regulatory Commission and other federal agencies, as well as members of Congress.

 

Dr. Glenda Baskin Glover, Board Member

 

Dr. Glover serves as the Dean of the College of Business at Jackson State University in Jackson. Mississippi. She holds a Ph.D. in business and economics and is one of few African American women to hold the economics Ph.D. - CPA - JD combination in the nation.

 

Her notable employment history includes the Chair of the Department of Accounting at Howard University, Senior Vice President and Chief Financial Officer of an engineering firm, Tax Manager at Potomac Electric Power Company, and accountant with Arthur Andersen & Company. Glover is licensed to practice law, known as an economic development specialist, regarded as one of the nation's experts on corporate governance, empowerment zones, and is highly sought political strategist. She has provided economic insight to key educational, political, and community issues for major national organizations.

 

Dr. Glover has served on numerous corporate and national boards such as The Student Loan Corporation - a subsidiary of Citigroup, The Lenox Group, Regions Bank of Mississippi, the Harvard Business School Management Alliance, Board of Examiners for the American Institute of Certified Public Accountants, the MetroJackson Chamber of Commerce, and Chairperson of the Jackson Municipal Airport Authority Board of Commissioners. Other affiliations include the National Bar Association, NAACP, The Links, Inc., and Alpha Kappa Alpha Sorority.

Investing In The Company

Current stock quote

 

View recent 10K filing

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How to Invest
Please call AEHI at 208-939-9311 or
e-mail invest@aehipower.com for additional information. 

 

Stock Transfer Company:
Interwest Transfer Company, Inc.
On the web

 

SEC Attorney:
Mark Ziebell
Snell & Wilmer
Tel. 714.427.7402
mziebell@swlaw.com
On the web

 

Why Invest
We at Alternate Energy Holdings, Inc. (AEHI:QB) are dedicated to providing you with beneficial investor information and support.

 

The unique opportunity presented by AEHI allows for investment in a pure nuclear operating company without paying for the bureaucracy and high stock cost of a large utility. While coal, oil, and natural gas have all been on a marked and consistent incline over the past several years, the cost of electricity produced by nuclear plants has decreased 15% - due in part to fuel costs being a significantly smaller part of production costs. In addition to investing in the first advanced commercial nuclear power plant to be constructed in the US, your investment will give you exposure to AEHI’s latest alternate energy ideas brought to market.

 

Originally based out of Virginia, AEHI moved to Eagle, Idaho in January 2008. The company began trading September 20, 2006 and is most notably the parent company of a developing nuclear power plant in Payette County, Idaho; a $10 billion dual-generation nuclear power plant. AEHI’s business strategy focuses on the development of clean, reliable, cost-effective energy sources to reduce both global warming and US dependence on foreign power, providing exceptional value to both investors and consumers.

 

CARE Principle

 

The AEHI CARE Principle

 

Clean
Abundant
Reliable
Economical

 

The AEHI CARE Principle is the foundation for our company and the definition of how a company can and must grow profits and help people at the same time. CARE stands for Clean Affordable Reliable Economical energy and water.

 

AEHI understands that energy and water are the basic building blocks of life. AEHI recognizes that only by making these resources abundant and affordable can all people grow from a standard of living to a quality of life. That is why AEHI created the CARE Principle. The CARE principle is elegant in its simplicity and serves as what we call the energy consumer’s Bill of Rights.
 

Clean – A clean environment to live and grow in is a basic right. With modern technology it is possible to produce energy and water that are not only clean but also clean up the environment at the same time. AEHI will invest in no technologies that are not clean and/or do not make their host environments cleaner than they were before AEHI commenced operations in them.


Abundant – The ability to have sufficient quantities of energy and water on demand being necessary for consistent health, safety, and economic growth, AEHI will invest in no technologies that will result in the rationing of energy or water or the production of inadequate quantities of energy and/or water.


Reliable – The dependable and reliable production of energy and water is not a luxury, it is a basic need. AEHI will make no investments in energy and/or water technologies and/or systems that have not already proven themselves to be reliable, dependable, and rugged in any environment.


Economical – The ability to contribute to growing this world’s economy while simultaneously making the world we live in cleaner and healthier should not be reserved for the affluent and the influential. All people deserve the right to purchase energy and water that not only improves their lives, but also improves the lives of others. Therefore, AEHI will make no investments in energy and/or water technologies that are not affordable to everyday, common energy and water consumers.
 

Most companies have Mission Statements, at AEHI we have principles.
 

 

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