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.