AEHI CEO Weighs in on Japan Crisis

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Saying "there is little to fear," the controversial CEO of Alternate Energy Holdings Inc., Don Gillispie, is weighing in on the nuclear crisis gripping Japan and much of the world.

Gillispie hopes to construct a nuclear reactor in Payette County. His hopes came to a temporary halt in December when the Security and Exchange Commission put a stop to AEHI's operations and stock trading, alleging Gillispie was manipulating his company's shares through a "pump and dump" scheme, pushing prices higher through alleged false press releases and selling stock at high profit margins. A U.S. District Judge allowed Gillispie to resume operations in February, but SEC investigators told Citydesk they were keeping their files on Gillispie open.

In response to what he said were numerous calls and e-mails to his office, Gillispie released a statement and newsletter March 15 saying the Japanese nuclear event should not limit the expansion of the nuclear industry in the United States.

"Despite a media backlash that has, in many ways, surpassed that of Three Mile Island, it is good to see that some sources are reporting the facts. I now read that any radiation has remained at or below safe levels and is decreasing as the reactors continue to cool," Gillispie wrote. "It is a very good sign that this event is subsiding with minimal damage, no loss of life and a very small chance of negative health effects."

At present there are 434 nuclear reactors in operation worldwide and 58 under construction, according to the World Nuclear Association.

However, in a dramatic reversal China's State Council announced today that it was suspending approval for all new nuclear power plants until safety rules are examined and new regulations are written. China has 13 nuclear reactors in operation and at least 26 others under construction, with more in the planning stage.