SOURCE: Alternate Energy Holdings, Inc.

Alternate Energy Holdings, Inc.

October 20, 2009 09:15 ET

AEHI Submits Application for New Idaho Nuclear Plant Site

BOISE, ID--(Marketwire - October 20, 2009) - Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI): AEHI submitted a Comprehensive Plan amendment application in Payette County, Idaho for the development of a nuclear power generating facility on approximately 5,100 acres of land. This is a key step to developing an additional nuclear site in Idaho. Our Elmore County rezone application is still in process. During this period other Idaho communities and groups began to learn of the significant economic benefits an advanced nuclear plant brings to areas particularly rural communities. Some US communities have issued statements to the press inviting nuclear developers and several states have even offered tax incentives.

Don Gillispie, AEHI Chairman and CEO, said, "We believe President Obama's recent pro-nuclear remarks not only reflect the nations, but the world's view that nuclear power is the key to addressing Climate Change. His remarks align him with the world's other economic powers and the UN's consensus on how to address Climate Change. While renewable energy has almost universal support, many now realize it can only provide about one-third of the nation's electricity when fully deployed due to intermittent reliability. A clean, highly reliable, base load power source like nuclear is also needed to stabilize our electric grids, keep electricity costs low and replace carbon sources that are harming our environment."

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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