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The Payette Site

 

 

 

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.

 

The county's comprehensive plan for rezoning the property from agricultural to industrial is now complete.  The Final phase will be the actual execution of the formal rezoning of the property, which will permit construction to commence.  Based on our most current information, AEHI anticipates that this final phase could be be conlcuded as early as the end of the 2010 calendar year.

 

We have also proposed equipping this plant so it can create medical isotopes, if current shortages still exist. We have signed an agreement with Source Capital Group to raise money for the project.

 

On September 2, 2010 The Payette Chamber of Commerce announced its official endorsement of Alternate Energy Holdings, Inc. and the company's plan to build a nuclear power plant in Payette County, Idaho.
 

Over the past year the Chamber and its members have become keenly aware of AEHI and of how the company's endeavors will enhance and improve business and job opportunities in Payette County.

"Nuclear power has proven itself as one of the safest, cleanest and most reliable sources of energy in the world. It is also a tremendous source for jobs, something we desperately need in Payette County. Our unemployment rate currently surpasses the state average and AEHI's proposal would bring thousands of new jobs into our community -- high paying positions that will increase employment opportunities even outside the power plant," said Shelley Creson, Executive Director of the Payette Chamber of Commerce.

 

"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.

 

The Chamber and its members are confident in AEHI's success and look forward to the local approval process, which the Chamber believes will result in a positive result for the company, its shareholders and the people who live in Payette County.  AEHI joined the Payette Chamber of Commerce in early 2010 and has remained an active member since that time.

 

Click here to read a report detailing the positive economic impacts that this project will bring to the community.

 

 

Project Video

 

 

Watch the video of AEHI's ongoing project to build a nuclear power plant in Payette County, Idaho.  You'll learn more about the site, how the plant with fit into the landscape, how much water it will use, and the economic benefits it will provide.  Perhaps even more importantly, you'll hear from locals who say they want the plant in their county as soon as possible.

 

Payette Project Press Releases

 

     

 

AEHI Receives Unanimous Rezone Approval for Idaho Nuclear Power Plant Site

 

First Publicly-Traded Independent Power Producer to Receive Local Site Approval in United States and First Nuclear Site Approval Post Japanese Tsunami

 

BOISE, IDAHO - June 20, 2011: Alternate Energy Holdings, Inc. (OTC:AEHI; www.aehipower.com) announced that the company received final local rezone approval for building a nuclear power plant in Payette County, Idaho.

Read full article here.

 

AEHI’s Proposed Idaho Nuclear Site Begins Final Hearings 

 

Nearest City Officials Recommend Approval as do Planning and Zoning Commissioners

 

BOISE, Idaho, April 26, 2011  -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com) today announced Payette County Commissioners scheduled June 6, 2011 at 7:00 p.m. MDT as the hearing date for AEHI and the company's plan to build a nuclear power plant in rural Payette County, Idaho.

Read full article here

 

AEHI Receives Final P&Z Approval for Proposed Idaho Nuclear Power Plant

 

BOISE, Idaho – December 10, 2010: Alternate Energy Holdings, Inc. (OTCQB:AEHI; www.aehipower.com) today announced it has received recommended rezone approval on a site to build a nuclear power plant in Payette County, Idaho. The Commissioners' decision is nationally significant as being the first decision of its kind regarding a western U.S. greenfield nuclear site in 33 years.

Read full article here.

 

AEHI Receives Large Majority Support at Planning & Zoning Hearing for Nuclear Plant

 

BOISE, Idaho, Dec. 3, 2010 -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com) today announced the company received a large majority of support during the Thursday night rezone hearing, which should now play a tremendous role in determining the local approval process to build a nuclear power plant in Idaho.

Read full article here.

 

AEHI Announces Overwhelming Written Support for Nuclear Site Rezone

 

BOISE, Idaho, Dec. 2, 2010  -- Alternate Energy Holdings, Inc. (OTCBB:AEHI) www.aehipower.com) today announced the company has received an overwhelming percentage of written support for an advanced nuclear power plant in Payette County, Idaho. The count was made prior to the company's initial rezone hearing, which is scheduled for this evening, December 2, 2010 at 7 p.m. MST at the Payette County Courthouse. The deadline for written testimony was November 26th. The letters show written support level of approximately 80% in favor of the proposed rezone of AEHI's proposed nuclear site. Two letters came directly from mayors of nearby New Plymouth and Weiser, Idaho.

 

The percentage of support from these letters are very reminiscent of the previous round of hearings, which ended with County Commissioners voting unanimously in favor of a change to the county's comprehensive plan for the site from agricultural to industrial specifically for a nuclear power plant.

 

The comprehensive plan change now allows for a formal rezone of the property including local approval to construct a nuclear plant on the site.

Read full article here.

 

AEHI Provides Financial Update and Key Business Successes

 

BOISE, Idaho, November 17, 2010: Alternate Energy Holdings, Inc. (OTCQB:AEHI; www.aehipower.com) today provided a business update in conjunction with the filing of the company's quarterly 10-Q report.

 

  • Payette County Planning and Zoning Commissioners are moving forward on a rezone application filed by AEHI. Commissioners will hold an initial hearing on December 2nd, 2010; this after County Commissioners earlier unanimously approving a change to the county's comprehensive plan, which favored AEHI's proposal to build a nuclear power plant
  • AEHI secured a $150M funding facility with Roswell Capital Partners, a firm that since 1994 has provided in excess of $1B for 155 small-cap public and private companies, which can be used to pay for the land, water rights and NRC application fee in preparation for building a proposed nuclear power plant in Payette County, Idaho

Read full article here.

 

  

 

Payette County Residents Speak Out In Favor Of The AEHI Nuclear Power Project

 

Payette County, Idaho, November 17, 2010 -- Alternate Energy Holdings, Inc. (OTCQB: AEHI; www.aehipower.com/), took to the streets today and gave the people living in Payette County the oppoortunity to speak their minds about the proposed power plant project. These videos are important because they give the people who will be truly affected by the project a voice to give their sincere and honest opinions. There is nothing being taken out of context here, there are no typos or misprints to cause confusion, and (most importantly) there are no professional news anchors, commentators, and/or moderators, on screen and/or interjecting leading questions.  These are just people who support the project being given a chance to speak in their own words.

 

 

 

 

AEHI Provides Financial Update and Key Business Successes

 

BOISE, Idaho, November 17, 2010: Alternate Energy Holdings, Inc. (OTCQB:AEHI; www.aehipower.com) today provided a business update in conjunction with the filing of the company's quarterly 10-Q report.

 

  • Payette County Planning and Zoning Commissioners are moving forward on a rezone application filed by AEHI. Commissioners will hold an initial hearing on December 2nd, 2010; this after County Commissioners earlier unanimously approving a change to the county's comprehensive plan, which favored AEHI's proposal to build a nuclear power plant
  • AEHI secured a $150M funding facility with Roswell Capital Partners, a firm that since 1994 has provided in excess of $1B for 155 small-cap public and private companies, which can be used to pay for the land, water rights and NRC application fee in preparation for building a proposed nuclear power plant in Payette County, Idaho

Read full article here.

 

  

AEHI to Begin Final Local Approval Hearings for the Idaho Nuclear Power Plant Site

 

 

BOISE, IDAHO – November 09, 2010 - Alternate Energy Holdings, Inc. (OTCQB: AEHI; www.aehipower.com), announced today that the first final local approval hearing for the Payette, Idaho nuclear power plant site has been scheduled. Payette County Planning and Zoning Commissioners set December 2, 2010 at 7 p.m. as the beginning of public testimony before they can rezone the proposed site from agricultural to heavy industrial.

  

Planning and Zoning Commissioners approved the initial rezone phase in favor of AEHI by a broad majority. During that stage they indicated that should they approve the final rezone the site must only be used for a nuclear power plant.

 

AEHI filed its rezone application in late June, which has since been thoroughly reviewed by County officials and an independent engineering firm. 

Read full article here

 

 

AEHI Signs $150 Million Funding Commitment with Institutional Investor Roswell Capital Partners to Fund Nuclear Power Plant Site

 

AEHI withdraws previous agreement with Source Capital Group

 

BOISE, Idaho, November 1, 2010 - Alternate Energy Holdings, Inc., announced today the signing of a $150M Equity Funding Facility with Alpharetta, Georgia based Roswell Capital Partners, which is

Read full article here

 

 

AEHI Secures Funding Facility for Idaho Nuclear Site

 

BOISE, Idaho, October 28, 2010 - Alternate Energy Holdings, Inc. (OTCQB:AEHI), a developer and marketer of innovative clean energy sources based in Eagle, Idaho today announced a funding facility, Securities Purchase Agreement, with Source Capital Group, Inc. for the committed purchase of up to 170 million shares of common stock which is approximately $120 million today to cover payments for land, water

Read full article here.

 

 

 "AEHI Is Exactly What We Need In Payette County"

 

Fruitland Chamber of Commerce Adds Its Endorsement to AEHI's Proposed Nuclear Power Plant

 

BOISE, Idaho, October 27, 2010 - "AEHI is exactly what we need in Payette County. Our interaction with the public has proven they want it and our community needs the jobs and future prosperity a nuclear power plant will provide," said Carrie Draper, Chamber President.

Read full article here.

 

 

Alternate Energy Holdings Prepares for Final Rezone Phase in Payette County 

 

Payette County Finishes Technical Review of AEHI Application

BOISE, Idaho, October 14, 2010 - Alternate Energy Holdings, Inc. (OTCQB:AEHI; www.aehipower.com), a developer and marketer of innovative clean energy sources based in Eagle, ID, today announced their plans to build a nuclear power plant in Payette County, Idaho will now enter the final local and state approval process. This comes on the heels of an announcement from Payette County that the process is moving forward.

Read full article here. 

 

 

Alternate Energy Holdings Receives Endorsements From Every Mayor in Payette County, Idaho

 

BOISE, Idaho, Sep 23, 2010 -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com), a developer and marketer of innovative clean energy sources based in Eagle, ID, today announced it has garnered broad-based support for its plans to build a nuclear power plant in Payette County, Idaho and that AEHI has

Read full article here.

 

 

Alternate Energy Holdings' Nuclear Power Plant Endorsed by Payette Chamber of Commerce

 

BOISE, Idaho, Sept. 2, 2010 -- The Payette Chamber of Commerce today announced its official endorsement of Alternate Energy Holdings, Inc. (OTCQB:AEHI) and the company's plan to build a nuclear power plant in Payette County, Idaho.

Read full article here.

 

 

Alternate Energy Holdings, Inc. Enters Final Phase of Approval Required in Idaho for Nuclear Power Plant

 

Overwhelming Support Expected Based on Prior Unanimous Commissioner's Vote

 

BOISE, Idaho, June 22, 2010  -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) today announced the company has entered the final stage of gaining local approval to build a nuclear power plant after officially filing a rezone application this morning.

Read full article here.

 

 

Alternate Energy Holdings Receives Unanimous Commissioner Vote Specifically for Nuclear Plant on Industrial Site

 

Payette County Commissioners Approve Plan Changes to Industrial Use--Only for AEHI Nuclear Power Plant

 

PAYETTE, Idaho, May 11, 2010 -- Alternate Energy Holdings, Inc. (OTCBB:AEHI) today announced that the Payette County, Idaho Board of Commissioners unanimously approved changes to their comprehensive plan for the specific purpose of building a nuclear power plant. The change involves a 5,000 acre piece of property, which adjusts the property's use from agricultural to industrial.

Read full article here.

 

 

Alternate Energy Holdings, Inc. Clears Major Hurdle With Payette County for Proposed Idaho Nuclear Plant

 

Unanimous Commission Approval of Comprehensive Plan Change

 

BOISE, Idaho, April 27, 2010 -- Alternate Energy Holdings, Inc. (OTCBB:AEHI) today announced that in a unanimous decision yesterday, April 26, 2010, Payette County Commissioners approved a key change to the county's comprehensive plan, which advances AEHI's plans to develop a nuclear power plant within the county. The comprehensive plan change allows for an industrial complex on a 5,000 acre parcel under the precondition that the industrial use involve a nuclear power plant. The change creates a footprint for industrial uses in an area once designated solely for the purpose of agriculture. The parcel is located near Big Willow Road and Stone Quarry Road, just a few miles from New Plymouth, Idaho.

Read full article here.

Payette FAQ

 

Frequently Asked Questions

 

How much water will the proposed plant in Payette County, Idaho use?

 

We will acquire water rights for one-million gallons of water a day, which is the farming equivalent of watering 140 acre parcel of land year round. However, the plant will not always require that much water, in fact very often it will use as little as 100,000 gallons a day.  AEHI will acquire existing water rights, and will install the infrastructure to pump the water from the Payette River.

 

What is the expected cost to build the plant?

 

Based on our projections of using the South Korean-made APR 1400 reactor, the plant will cost between $8 billion and $10 billion to build.What is the timeline for building the plant?

 

What is the projected timeline for the proposed plant?

 

Local approval: 2nd Qtr 2011
Begin COLA process: 2nd Qtr 2012
Begin construction: 2nd Qtr 2016
Operation: 2nd Qtr 2020

 

What are the economic benefits of building such a plant?

 

The economic benefits are huge. The construction phase alone would require more than 5,000 workers, averaging around $60,000 a year. During operations we would hire over a thousand people, making an average salary of $80,000 a year.There will be an additional 2,000 employees needed to fill positions at a variety of existing business, as well as new schools, hospitals, grocery stores, gas stations, etc., which will be needed to support the people working at the plant and their families.There will be an increase of $5.3 billion to the state's gross domestic product, and $4.8 billion to the county's GDP.The county's tax base will also increase dramatically. Historically a community the size of Payette County could see it's tax coffers expand by nearly $100 million.What about the waste?

 

First and foremost, it is important to remember that with nuclear power there are no carbon emissions, so compared to other production methods like coal, a nuclear power plant is the cleanest source of baseload power available.However, what there is of a nuclear plant's "waste" is stored on site.

 

Remember, these are spent fuel rods, which are only swapped out about once every six years, so there's releatively little "waste" and what there is can be stored indefinitely in steel containers. Coal, on the other hand, pumps it's waste out in the form of toxic pollutants into the environment to the tune of about 1800 pounds a minute.That said, many other countries using nuclear today are able to reduce/eliminate their nuclear waste by recycling it. Currently the United States cannot because the recycling process was made illegal during the Carter administration. Based on the current political environment, we believe that ruling will be overturned soon, and we can begin recycling those spent fuel rods, which have a great deal of fuel left in them when they are "thrown away". That process turns nuclear waste into mere garbage.How can you afford to build this plant?

 

It is important to remember that no company has the capital on hand to build a plant like this. If it were a public utility building it, the utility would have to apply for a bond, which would increase your power rates.In our case, we will be using a combination of investor funds and loans. Here's how it will work, which is historically how most plants like this one are paid for.We will use two different methods, or phases with this project. Phase one will require about $100 million to pay for land, water, engineers, lawyers and applications. That money is currently being raised through investors.

 

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, are federal loan guarantees, which are currently being increased by the federal government under President Obama. These guarantees insure loan repayments, and are a very safe investment for the government since no nuclear power plant has ever defaulted on a loan. You can read more about this program on the Nuclear Energy Institute’s website.

 

http://tinyurl.com/financingnuclearpower

 

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.


 

 

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