SOURCE: Alternate Energy Holdings, Inc.

Alternate Energy Holdings, Inc.

November 19, 2009 09:15 ET

AEHI Gets Favorable Decision for Its Nuclear Site From Elmore County P&Z

BOISE, ID--(Marketwire - November 19, 2009) - Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI): In somewhat of a reversal from last year, the Elmore County Planning and Zoning Commission (P&Z) voted last night to move forward with amending its comprehensive plan so AEHI could rezone land for a proposed nuclear plant. In July, the Elmore County Commission found the county's comprehensive plan was unclear, as it restricted industrial development to a remote area without services including water, yet sought to promote economic development. The commission directed its Planning and Zoning Commission to consider amending the Elmore County Comprehensive plan to allow the proposed nuclear plant rezone.

"It has been clear to us that Elmore County's comprehensive plan, while well intentioned, has appeared to keep industrial development to one zone, thus denying other areas of the county the benefits of industrial development," said AEHI CEO Don Gillispie. "We welcome Wednesday's vote as a favorable sign that Elmore County is committed to making sure that its comprehensive plan is used to facilitate growth, not obstruct it."

"While we are pleased the Elmore County P&Z's acknowledgement that their plan needs to be reconciled, we are moving forward with our proposal in Payette County as well and look forward to tonight's hearing before the Payette County Planning and Zoning Commission," Gillispie said.

About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com)

Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation's only publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include, Energy Neutral, which removes energy demands from homes and businesses (www.energyneutralinc.com), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. Also, AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.

"Safe Harbor" Statement: 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.

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