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<br />( <br /> <br />( <br /> <br />10 <br /> <br />affect 1991-94 demand. <br /> <br />(A separate issue at C-b is its potential <br /> <br />("'.1 <br />- <br />1,--. <br />C;:l <br />.- <br /> <br />as a cogenerator, discussed below.) <br /> <br />The ARCO CO2 project, in southeast Colorado, was expected to <br /> <br />start up in January 1982, operating at an 80 percent load factor.181 <br /> <br />Absent any information to the contrary, no delays are assumed. <br /> <br />The Hansen uranium mine and mill project was forecasted to <br />start up in 1982.191 The uranium industry in the United States <br /> <br />has shrunk rapidly in the last yea4with further decreases in <br /> <br />output expected in 1982. <br /> <br />Existing mills and mines have closed <br /> <br />or reduced operations. <br /> <br />The United States nuclear power industry, <br /> <br />the primary source of demand for uranium, has had many cancel la- <br /> <br />tions but no new orders in the last several years, <br /> <br />and no new <br /> <br />United States power plant orders are expected in the next 5-10 <br /> <br />years. <br /> <br />Thus, it is unlikely that any new uranium mines or mills <br /> <br />will be developed in the next dozen years, and the Hansen project <br /> <br />should be removed from Colorado-Ute's demand forecast. <br /> <br />The Shell-Mobil CO2 project was originally intended for opera- <br /> <br />tion in 1979. <br /> <br />The 1980 PRS shows it starting up in 1983 at an <br /> <br />80 percent load factor. <br /> <br />Since publication of the PRS, however, <br /> <br />contract negotiations over the price of ~02 ~ave collapsed, and <br /> <br />the project is therefore stalled. Even if negotiations are renewed <br /> <br />and successful, the project can be expected to be delayed at least <br /> <br />one year. <br /> <br />The AMAX molybdenum project at Mt. Emmons near Crested Butte <br /> <br />has been bitterly opposed for years. <br /> <br />In the fall of 1981, AMAX <br />201 <br />years.-- Given local <br /> <br />postponed the project for at least two <br /> <br />opposition, declining world molybdenum prices, <br /> <br />and AMAX's own <br />