BOISE, ID -- (Marketwire) -- 06/17/09 -- Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI): Idaho's Elmore Commission voted unanimously to send AEHI's rezone
request for a proposed advanced nuclear power plant back to the Planning
and Zoning Committee, asking it to amend the county's comprehensive plan to
allow a heavy-industrial zone five miles west of Hammett, Idaho for the
power plant.
In deliberations Monday, Commissioner Connie Cruser said the current
discussion reminds her of 40 years ago, when her high school debate team
discussed the Hells Canyon Dam and Hydro Station, which is Idaho's largest
power plant at nearly 400 megawatts. (It is also Idaho's last base load
power plant.)
"The very same questions were discussed back then: water and farmland and
infrastructure," Cruser said. "It was an important decision then and I'm
glad they made the right decision because we've had a lot of years of
electricity. This is an important decision not just for Elmore County, but
the state and region."
AEHI CEO and President Don Gillispie said the commission is clearly seeking
to balance Elmore County's rural heritage with its goals for economic
development. Gillispie has previously said the county's comprehensive plan
is well-intentioned, but could not have foreseen the possibility of a
large-output, carbon-free power plant that would stimulate thousands of
jobs.
About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com)
Alternate Energy Holdings develops and markets innovative clean energy
sources. Current projects include the Idaho Energy Complex (an advanced
nuclear plant and bio-fuel generation facility), Energy Neutral which
removes energy demands from homes and businesses
(www.energyneutralinc.com), Colorado Energy Park (nuclear and solar
generating plants) and International Reactors, Inc., which assists
developing countries with nuclear reactors for power generation, production
of potable water and other suitable applications.
This press release may contain certain forward-looking statements within
the meaning of Sections 27A & 21E of the amended Securities and Exchange
Acts of 1933-34,which are intended to be covered by the safe harbors
created thereby. Although AEHI believes that the assumptions underlying
the forward-looking statements contained herein are reasonable, there can
be no assurance that these statements included in this press release will
prove accurate.