BOISE, Idaho, Dec. 10, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) () today announced it has received recommended rezone approval on a site to build a nuclear power plant in Payette County, Idaho. The decision by Payette County Planning and Zoning Commissioners is nationally significant as being the first decision of its kind regarding a green field nuclear site in 33 years.
A green field site is one that has not been previously developed or approved for a nuclear power plant.
"The Planning and Zoning Commission followed through on a monumental decision. This approval allows us to take the next step, which involves potential final rezone approval with the Payette County Board of Commissioners as early as January 2011," said Don Gillispie.
The company now anticipates it will begin collecting environmental data in the first quarter 2011 in preparation for submitting a construction and operating application (COLA) to the Nuclear Regulatory Commission.
During the December 9th evening hearing many commissioners pointed to the benefits that a nuclear power plant could provide the community. Some of those benefits previously discussed by AEHI include an estimation of up to 5,000 jobs during construction and over 2,000 direct and indirect jobs during operations. Salaries for these jobs are estimated at $60,000 and $80,000 respectively, and billions in GDP to the state of Idaho.
The company represents the only known opportunity for a direct nuclear plant investment in the U.S. today.
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.
The Alternate Energy Holdings, Inc. logo is available at
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CONTACT: Wolfe Axelrod Weinberger Associates, LLC. Investor Relations: Stephen D. Axelrod, CFA 212-370-4500 steve@wolfeaxelrod.com 317 Madison Avenue, Suite 515 New York, NY 10017 Alternate Energy Holdings, Inc. Media: Dan Hamilton, Director of Corporate Communications (208) 939-9311 dan@aehipower.com