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AEHI Receives Approval for Idaho Nuclear Power Plant

Source: www.gulfoilandgas.com 6/20/2011, Location: North America

Alternate Energy Holdings, Inc. (AEHI) announced that the company received final local rezone approval for building a nuclear power plant in Payette County, Idaho. Payette County Commissioners unanimously approved the request, which is a landmark achievement for the company and the international nuclear renaissance after the Japanese tsunami-caused event. AEHI is now the first publicly-traded independent-power producer to receive local nuclear site approval in the United States. AEHI intends to enter the federal approval process with the U.S. Nuclear Regulatory Commission (NRC) by applying for a combined construction and operating license for an advanced nuclear power plant.

"I am grateful to our stockholders and our supporters for remaining with us during this challenging time. We have proved to the world that this process can be accomplished despite the best efforts of anti-nuclear activists. I now look forward to the federal process, as key government officials in the United States, like President Barack Obama, have put their support behind nuclear power," said Don Gillispie, AEHI CEO.

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