BOISE, Idaho, April 23, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCBB:AEHI) today announced another favorable decision from Elmore County Planning and Zoning Commissioners for its proposed Idaho nuclear plant. During Wednesday's meeting, the group officially signed their decision to change the county's comprehensive plan.
The plan changes next go before the Board of Commissioners for final approval.
"This step is a major hurdle for AEHI's proposed nuclear plant. Once the plan is signed by the Elmore County Commissioners they will have the ability to immediately approve our rezone application. The application was submitted a long time ago and has already been through the public hearing process," said Don Gillispie, AEHI CEO.
AEHI currently maintains two potential nuclear sites in Idaho. The second in Payette County is also working through the process of a comprehensive plan change.
An overwhelming majority of residents living in both counties are excited about the potential for building a nuclear power plant. The project would provide about 5,000 jobs through construction and more than 1,000 jobs during operations. Those opportunities average yearly salaries between $60,000 and $80,000 respectively.
During the construction phase alone, the project is estimated to increase Idaho's GDP by $5.3 billion, of which $4.8 billion will flow directly through the county.
About Alternate Energy Holdings, Inc. (http://www.alternateenergyholdings.com/)
Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation's only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral, which removes energy demands from homes and businesses (http://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. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power. AEHI Korea, Seoul, is assisting KEPCO (Korea Electric Power Corporation) to export their APR 1400 reactor into the U.S. and achieve NRC design certification.
"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. As a result, investors should not place undue reliance on these forward-looking statements.