BOISE, Idaho, Aug. 31, 2010 (GLOBE NEWSWIRE) -- The tragic Deepwater Horizon oil spill is yet another reminder of the toll Americans pay for their energy. Coal kills miners and pollutes streams and the air. Oil production can be dangerous, while Americans' dependence on foreign petroleum sends billions of dollars a year to other countries. Similarly, natural gas production and hydraulic fracturing ("fracking") have raised concern about contaminating local water supplies with toxic chemicals.
But there's one energy source that's safe, clean and homegrown, argues Don Gillispie, CEO of Eagle, Idaho-based Alternate Energy Holdings, Inc. (OTCQB:AEHI) (), the nation's only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. That source: NUCLEAR POWER. "For more than three decades, nuclear power plants have produced about 20% of America's electrical power safely, cost-effectively and securely, without incident," Gillispie said.
Gillispie acknowledges there's a perception that nuclear power plants are catastrophes waiting to happen. But that perception is not supported by the facts. "America's nuclear energy industry has achieved a positive safety record with no deaths or injuries from radiation in its history, including the Three Mile Island incident," he said. "Worker safety in nuclear plants stands heads and shoulders above any other U.S. industrial sector, as measured by lost-time accidents."
The AEHI CEO pointed out that one primary reason why America's nuclear energy sector has such a stellar record is that after Three Mile Island, the industry established its own organization, the Institute of Nuclear Power Operation (), to evaluate nuclear power plants, train workers, and achieve high levels of safety and reliability.
Gillispie, a founding member of INPO, stated "INPO's industry peer review, nuclear best practice communication, sharing of operating experience and safety drills at each of the 104 U.S. nuclear power plants makes the civilian nuclear electric power industry the safest industry in America."
"America still is the largest producer of nuclear power," stated Gillispie, "with about 31% of the total worldwide nuclear generation. And with all of the political pressures to legislate so-called green environmental standards, more and more nations are now considering nuclear power as a safe alternative energy source. The future is bright for nuclear power."
About Alternate Energy Holdings, Inc. () -- 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(TM), which removes energy demands from homes and businesses (), Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), 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.
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CONTACT: Crescendo Communications, LLC Investor Relations Firm: David K. Waldman John J. Quirk (212) 671-1020 aehi@crescendo-ir.com Alternate Energy Holdings, Inc. Media: Dan Hamilton (208) 914-8894