Summary of ALTERNATE ENERGY HOLDINGS, INC.

Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective November 16, 2012, Donald L. Gillispie resigned as President, Chief Executive Officer and Director of Alternate Energy Holdings, Inc. (the "Company") due to health concerns. Mr. Gillispie did not resign over any disagreement with the Company's Board of Directors. Mr. Gillispie will assist the Company part-time as a consultant as his health allows in the future.

Effective November 16, 2012, the Board of Directors (the "Board") of the Company appointed Mr. J. Peter Honeysett as the Company's interim President to replace Mr. Gillispie. With over 30 years of nuclear experience, Mr. Honeysett, who is 56 years old, has been employed by the Company as its Director of Nuclear Projects since October 3, 2011. From 1982 until 2011, Mr. Honeysett worked for Florida Power & Light Co. primarily at the St. Lucie Plant Nuclear Power Plant, in various positions ranging from Reactor Operator, Senior Reactor Operator to Assistant Nuclear Plant Supervisor and most recently as a Shift Manager. As a senior licensed operator he has been involved in all aspects of nuclear plant operations throughout his career including the responsibility for monitoring and directing activities associated with the safe operation of the two nuclear reactors at St. Lucie. Mr. Honeysett's annual base salary will be $146,880.

On November 13, 2012, Mr. Howard Butcher IV informed the Board of Directors of Alternate Energy Holdings, Inc. (the "Company") of his decision to resign as a member of the Board of Directors of the Company effective immediately. Mr. Butcher has served on the Board of Directors of the Company since March 2012. Mr. Butcher resigned due to personal reasons and not over any disagreement with the Company's Board of Directors or its management.

A copy of the press release announcing the foregoing is attached to this Current Report on Form 8-K an exhibit 99.1 and is incorporated by reference.