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Alternate Energy Holdings, Inc. : AEHI's Nuclear Plant Rezone Results Expected June 15th; Back-Up Plans Ready

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  Published in Business and Finance on Wednesday, June 10th 2009 at 6:26 GMT, Last Modified on 2009-06-10 06:27:16 by Market Wire
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BOISE, ID--(Marketwire - June 10, 2009) - Alternate Energy Holdings, Inc. (PINKSHEETS: [ AEHI ]): Idaho's Elmore County Commission is scheduled to vote June 15th on AEHI's rezone request for the state's first commercial nuclear plant and the first in the western US in more than 25 years.

"While the company is optimistic about the results due to strong public support and that the rezone request can clearly be approved specifically for one purpose as allowed by state law," CEO Don Gillispie says that, "the company has a responsibility to its investors and cannot leave this matter to local politics alone. If denied, we believe that we have a strong legal case for appeal and the option to place the rezone on the county ballot this fall as well. Unfortunately, today most industrial site rezone requests must be contested to gain approval. The company has alternate sites in Utah and Colorado."

In developing the rezone application, the company concluded Elmore County needs low cost electricity to sustain agriculture, attract new business, create stable jobs; and that rezoning AEHI's land would serve the best interests of Elmore County, Idaho and the western US.

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.