AEHI Sees Path to Completing Proposed Nuclear Power Plant Based

AEHI Sees Path to Completing Proposed Nuclear Power Plant Based on
2012 Industry Success, ISU Nuclear Training Designation a Key
Component 
BOISE, ID -- (Marketwire) -- 12/28/12 --  Alternate Energy Holdings,
Inc. (PINKSHEETS: AEHI) (www.aehipower.com) says confidence is high
in its plans to build a nuclear power plant in Idaho following a
number of successes for the nuclear industry as a whole in 2012.
Successes include construction commencement on five new reactors and
four additional reactor license approvals are expected in 2013 from
the Nuclear Regulatory Commission.  
New reactors under construction include two in Georgia at the Vogtle
Electric Generating Plant, two in South Carolina at V.C. Summer
Nuclear Station, and one in Tennessee at Watts Bar Nuclear Generating
Station. The four expected NRC approvals include two reactors in
Florida with Progress Energy, which is proposing a new plant on a
currently undeveloped site, and two proposed reactors at Duke's Lee
Station in South Carolina. 
Another key component for AEHI is the recent designation for Idaho
State University making its Energy Systems Technology and Education
Center (ESTEC) the Northwest Regional Center of Excellence for
Nuclear Education and Training by the Nuclear Energy Institute (NEI).
According to ISU, ESTEC, through ISU's College of Technology will
soon begin coordinating the nuclear energy education and training for
technicians in a nine-state region. 
The achievement is viewed as a beneficial component to the future of
AEHI's Idaho Energy Complex, since the Nuclear Regulatory Commission
requires a comprehensive plan for training personnel prior to the
approval and construction of a nuclear power plant.  
In June 2011 Payette County Board of Commissioners granted AEHI its
local siting approval to build a proposed nuclear power plant. The
recent announcement from ISU now sets the stage for supporting the
Federal approval process, which the company plans to enter following
a required environmental study that it plans to implement in 2013. 
In other national nuclear power news the Department of Energy (DOE)
recently awarded Babcock & Wilcox (B&W) in partnership with the
Tennessee Valley Authority funding to develop, license, and implement
Small Modular Reactors (SMRs) in the United States.  
Also negotiations to approve an $8.3 billion federal loan guarantee
for the construction of Southern Company's two new reactors at Plant
Vogtle in Georgia is expected to be finalized in the near future. The
Federal Loan Guarantee program was established in August 2011.  
About Alternate Energy Holdings, Inc. (http://www.aehipower.com) -
Alternate Energy Holdings develops and markets innovative carbon-free
energy sources. The company is the nation's only publicly traded
independent nuclear power plant developer seeking to build a new
nuclear power plant; Idaho Energy Complex is the lead project. Other
business units include Energy Neutral(R), which reduces energy
demands for homes and businesses using primarily renewables
(http://www.energyneutralinc.com) and Green World Water(TM), which
markets nuclear desalination reactors primarily to developing
countries for production of potable water, power generation and other
suitable applications (http://www.greenworld-h2o.com).  
Safe Harbor Statement: Statements in this press release which are not
purely historical, including statements regarding Alternative Energy
Holdings', intentions, hopes, beliefs, expectations, representations,
projections, plans or predictions of the future are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. As such, they are subject to risks and
uncertainties that could cause our results to differ materially from
those expressed or implied by such forward-looking statements. . The
forward-looking statements involve risks and uncertainties including,
but not limited to, the risk the company may not raise sufficient
money to fund the costs and expenses of the COLA application process,
the risk that the company may experience delays in the COLA
application process and the risk that the COLA application will not
receive regulatory approval. Our business could be affected by a
number of other factors, including the risk factors listed from time
to time in the company's SEC reports including, but not limited to,
the annual report on Form 10-K for the fiscal year ended December 31,
2011. The company cautions investors not to place undue reliance on
the forward-looking statements contained in this press release.
Alternate Energy Holdings, Inc. disclaims any obligation, and does
not undertake to update or revise any forward-looking statements in
this press release. 
Contact Information:
Dan Hamilton
Director of Corporate Communications
Alternate Energy Holdings, Inc.
Tel: (208) 939-9311
Email: dan@aehipower.com 
 
 
Press spacebar to pause and continue. Press esc to stop.