Alternate Energy Holdings Receives Unanimous Commissioner Vote Specifically for Nuclear Plant on Industrial Site

Payette County Commissioners Approve Plan Changes to Industrial Use--Only for AEHI Nuclear Power Plant


PAYETTE, Idaho, May 11, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCBB:AEHI) today announced that the Payette County, Idaho Board of Commissioners unanimously approved changes to their comprehensive plan for the specific purpose of building a nuclear power plant. The change involves a 5,000 acre piece of property, which adjusts the property's use from agricultural to industrial.

"The decision clearly indicates the county wants our nuclear plant on that location and no other industrial complex will do. This proves beyond a doubt their support is very strong for our plant. It is excellent news for AEHI, including our investors, not to mention residents who want good jobs and low cost, reliable power. Our supporters have been very patient waiting for local approval in Idaho and their patience is paying off," said Don Gillispie, AEHI CEO.

The meeting was a follow-up to a previous Planning & Zoning meeting, during which P&Z commissioners recommended the change based specifically on the implementation of a nuclear plant, with a caveat that the land returns to agricultural should it not be used for nuclear power.  

The proposed plant is expected to create around 5,000 jobs through the construction phase and more than 1,000 jobs during operations. Pay levels for those jobs will average $60,000 and $80,000 respectively.

The projected revenue for the county and state is staggering. During construction alone the project should increase Idaho's GDP by $5.3 billion, while $4.8 billion will flow directly through Payette 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.

"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.



            

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