UniStar Nuclear picked to build reactor at Idaho Energy Complex

Alternate Energy Holdings, Inc.(AEHI) last week announced it has entered into an agreement with UniStar Nuclear to build a U.S. Evolutionary Power Reactor (U.S. EPR)advanced nuclear power plant. Under the agreement, UniStar Nuclear,headquartered in Annapolis, Maryland, the jointly developed enterprise of Constellation Energy and AREVA, will assist AEHI in seeking regulatory approval and in subsequent plant construction.

As part of the agreement, AEHI has selected the U.S. EPR as its technology for the Idaho Energy Complex (IEC),a $3.5 billion emissions-free new nuclear generating facility to be built on a site near Grandview. AEHI has committed to work with UniStar Nuclear to evaluate siting, licensing, and construction of a U.S. EPR.

The company claims that the electricity provided by the nuclear plant would be sufficient to power Idaho's growing needs and allow the elimination of fossil fuels for current power production. Additionally, excess heat from the nuclear reactor would be used to produce ethanol and methane from local crops and agricultural waste.

"The U.S. EPR design is mature, fully standardized, and offers the best combination of safety, security and efficiency features, in our view," according to Don Gillispie, Chairman and CEO of AEHI. "This is also the only advanced design currently under construction around the world. That experience provides a level of certainty that will be extremely valuable to us as we move forward. We will have more than just paper to guide future decisions."

Constellation Energy, a Fortune 200 company, had revenues of more than $17 billion in 2005 and claims to be the nation's largest competitive supplier of electricity to large commercial and industrial customers and the nation's largest wholesale power seller.

"We are proud to be working with AEHI as a partner in the licensing, construction, and operation of potentially the first green field U.S. EPR advanced nuclear power plant in North America," said Michael J. Wallace, co-chief executive officer of UniStar Nuclear, executive vice president of

Constellation Energy, and president of Constellation Energy subsidiary, Constellation Generation Group. "AEHI is a leading edge company in the advancement of the renaissance of the U.S. nuclear industry and will be a tremendous asset to the UniStar Nuclear team as we move forward."