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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.

 

The company anticipates it will begin collecting environmental data in the first quarter 2011 in preparation for submitting a construction and operating application (COLA) to the Nuclear Regulatory Commission.

 

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(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com) Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), 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.

 

The Alternate Energy Holdings, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8058

 

Safe Harbor Statement: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "believe," "expect," "anticipate," "project," "target," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events, including our ability to list on a national securities exchange. These statements are based on the beliefs of our management as well as assumptions made by and information currently available to us and reflect our current view concerning future events. 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. Such risks and uncertainties include, among many others: our significant operating losses; our limited operating history; uncertainty of capital resources; the speculative nature of our business; our ability to successfully implement new strategies; present and possible future governmental regulations; operating hazards; competition; the loss of key personnel; any of the factors in the "Risk Factors" section of our Annual Report on Form 10-K for the most recently completed fiscal year; and any statements of assumptions underlying any of the foregoing. You should also carefully review the reports that we file with the SEC. We assume no obligation, and do not intend, to update these forward-looking statements, except as required by law.

 

CONTACT: Wolfe Axelrod Weinberger Associates, LLC.
Investor Relations:
Stephen D. Axelrod, CFA
212-370-4500
steve@wolfeaxelrod.com
317 Madison Avenue, Suite 515
New York, NY 10017

 

Alternate Energy Holdings, Inc.
Media:
Dan Hamilton, Director of Corporate Communications
(208) 939-9311
dan@aehipower.com