SOURCE: Alternate Energy Holdings, Inc.

Alternate Energy Holdings, Inc.

November 17, 2009 09:15 ET

AEHI Optimistic About Hearing This Week for New Idaho Nuclear Plant Site

BOISE, ID--(Marketwire - November 17, 2009) - Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI): AEHI's Comprehensive Plan amendment application hearing in Payette County, Idaho for the development of a nuclear power plant is currently scheduled for November 19. If this step is successful, the company will have one more hearing for the rezone of the property currently anticipated before year's end. Rezone approval will then allow pre-COLA (Nuclear Regulatory Commission application) preparations to begin in the first quarter of 2010.

Don Gillispie, AEHI Chairman and CEO, said, "As current national polls show 75% of Americans support new nuclear power plants, communities are openly inviting nuclear developers to consider their location as a potential site. It is certainly refreshing to see this change, but not surprising considering the extensive benefits of these plants. It is apparent our new Idaho county is up to the competitive challenge in processing our application in a timely fashion."

"Many large investors and financial organizations have been watching our progress and have clearly indicated local approval will be key to their involvement," said Gillispie.

In addition, our Elmore County rezone application is still in process and is also being reviewed this week by the Planning and Zoning Committee.

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.

Contact Information