{"hero":{"code":"KY","dominant_iso":null,"markets_tracked":2,"name":"Kentucky","operational_mw":650.0,"pipeline_mw":100.0,"verdict":"AVOID"},"is_pro":false,"iso_breakdown":[],"kpis":{"dominant_iso":null,"markets_tracked":2,"median_lease_rate":null,"median_lease_rate_error":"UndefinedTable: relation \"powered_shell_pricing\" does not exist","total_facilities":31,"total_operational_mw":650.0,"total_pipeline_mw":100.0},"live_as_of":{"age_hours":1.5,"iso":"2026-10-20T01:03:50.564899+00:00"},"ma":[],"ok":true,"operators":[],"outlook":{"generated_at":"2026-10-20T02:34:53.529108Z","narrative_md":"**Lexington:** Lexington operates as a fragmented, under-scaled market with three independent operators managing 140 MW across just three facilities. The tracked portfolio is dominated by single-facility operators\u2014DartPoints, Lexington, and QX.Net each run one site\u2014indicating minimal consolidation and no institutional footprint. The geographic market has attracted pipeline interest: a 900-acre Panattoni campus proposal outside the city signals confidence in regional demand, yet existing infrastructure remains modest in absolute terms.\n\n**Louisville:** Louisville's data center market is a fragmented, undercapitalized micro-market with zero deployed megawatts across 26 tracked facilities. The market is dominated by Flexential, which operates 9 of the 26 tracked properties (7 under Flexential, 2 under Flexential Corp.), followed by single-facility operators DataBank, Cogent Communications Louisville, and CenturyLink Louisville. Despite Louisville's geographic position as a regional logistics hub and its recent emergence in broader Kentucky development planning, the market has generated zero megawatts of actual capacity\u2014a reflection of how fragmented and underdeveloped the operator base remains.","rationale":"Aggregated from per-market deep-dive narratives.","verdict":"AVOID","word_count":155},"paywall":{"blurb":"ISO Breakdown, Transmission Build-Out, State Policy / Tax Incentives, Top Operators, and M&A activity are unlocked with the DC Hub plan with every tool, all states.","checkout_url":"/pricing?utm_source=state_brief","required_tier":"PRO"},"policy":null,"redirect_to":null,"requested":"kentucky","state":"kentucky","state_code":"KY","state_name":"Kentucky","tier":"FREE","top_markets":[{"brief_url":"/markets/lexington-ky/brief","computed_at":"2026-10-20T01:03:50.564899+00:00","constraint_score":25.8,"excess_power":42.5,"iso":"SERC","name":"Lexington","slug":"lexington-ky","state":"KY","verdict":"AVOID"},{"brief_url":"/markets/louisville/brief","computed_at":"2026-10-20T01:01:08.723103+00:00","constraint_score":29.8,"excess_power":41.9,"iso":"SERC","name":"Louisville","slug":"louisville","state":"KY","verdict":"AVOID"}],"transmission":null}