Friday, February 25, 2011

AEHI's Gillispie Listed as Consultant for Proposed Nuke Plant in Colorado

Posted By on Fri, Feb 25, 2011 at 4:59 PM

A newspaper story in Pueblo, Colo., reports that Don Gillispie, the controversial CEO of Eagle-based Alternate Energy Holdings Inc. is serving as a consultant for a familiar proposal: building a 3,000-megawatt nuclear power plant, this time southeast of Pueblo.

The Pueblo Chieftain reported today that Colorado attorney Don Banner has a plan, but what he doesn't have "is government approval, community support and someone to build the $5.5 billion plant."

The Chieftain reported that Banner hired Gillispie as his main consultant, touting "45 years of experience in construction, operation and maintenance of nuclear power plants." The line is a direct lift from Gillispie's profile on the AEHI website.

Gillispie recently dodged a bullet when the U.S. Securities and Exchange Commission accused him of a "pump and dump" scheme, alleging that Gillispie "pumped" up AEHI stock values with false or misleading press releases, and then "dumped" shares, accumulating significant profits. On December 16, SEC investigators stalled all AEHI trading and operations, pending an investigation. U.S. Judge Edward Lodge unfroze company assets on February 3, putting Gillispie and AEHI back in business.

Payette County Planning and Zoning commissioners swung open the gate to Gillispie on December 9, approving a rezone from agricultural to industrial for a site of nearly 5,000 rural acres near New Plymouth. A final rezone approval would be necessary from county commissioners. AEHI would still need to launch a multi-million dollar licensing processing, which could take a minimum of four years.

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