Tuesday, January 17, 2012

AEHI Loses P&Z Appeal to Continue Phase 2 of Payette Development

Posted By on Tue, Jan 17, 2012 at 3:03 PM

On Jan. 3, Alternate Energy Holdings, the wannabe nuclear developer, announced that it was "beginning its next phase on a proposed nuclear power plant in Payette County." That's not entirely true. In fact, Payette County's Planning and Zoning Commission put the brakes on "phase two," and on Jan. 12, P and Z said no a second time, denying AEHI's appeal to the original decision.

In December 2010, Payettte's P and Z had given a series of green lights to Don Gillispie, CEO for Alternate Energy Holdings, approving a rezone of a parcel of land in order for the developer to move forward with his plans to build a nuclear reactor. But since, AEHI was slapped with a series of court actions, alleging the company schemed "to manipulate and artificially inflate the market prices" of its stock. A group of Payette County citizens also appealed the original rezone in Idaho District Court. That was enough for P and Z commissioners to reconsider AEHI's request to move forward.

Lindsey Royston, P and Z adminsitrator, told Citydesk today that commissioners put a stay on any further development by AEHI, and when Gillispie and company disputed the decision on Jan. 12, commissioners voted 5-4 to deny the appeal. AEHI will have another opportunity to appeal the stay on Monday, Feb. 6, in front of Payette County commissioners.

Meanwhile, closed-door mediation continues at Boise's federal courthouse, where AEHI is answering to a 27-page complaint by the Securities and Exchange Commission, alleging that the company defrauded the public.

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