{"hero":{"code":"NM","dominant_iso":"WECC","markets_tracked":2,"name":"New Mexico","operational_mw":5000.0,"pipeline_mw":5000.0,"verdict":"CAUTION"},"is_pro":false,"iso_breakdown":[],"kpis":{"dominant_iso":{"all_isos":[{"iso":"WECC","mw":500.0}],"iso":"WECC","mw_share":500.0},"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":5000.0,"total_pipeline_mw":5000.0},"live_as_of":{"age_hours":1.5,"iso":"2026-10-20T01:03:10.479146+00:00"},"ma":[],"ok":true,"operators":[],"outlook":{"generated_at":"2026-10-20T02:35:58.481057Z","narrative_md":"**Los Lunas:** Los Lunas remains a nascent market with minimal operational footprint: only two tracked facilities totaling zero megawatts of capacity currently online. Meta operates both sites, establishing single-vendor concentration that limits competitive tension. The market shows no recent M&A activity, reflecting early-stage development rather than mature consolidation dynamics.\n\n**ALBUQUERQUE:** Albuquerque's data center market remains undersized and fragmented, with 35 tracked facilities totaling 500 MW spread across multiple small operators. The market's power availability presents the primary constraint: while a DCPI excess-power score of 56/100 indicates moderate supply, the constraint score of 32/100 signals meaningful grid limitations that will cap near-term expansion. No dominant regional player has emerged\u2014the largest tracked operators (Albuquerque Public Schools Data Center, Bigbyte.cc Albuquerque, CNM Westside Data Center, and 725) each operate single facilities, indicating a highly atomized competitive landscape with no economies of scale.","rationale":"Aggregated from per-market deep-dive narratives.","verdict":"CAUTION","word_count":139},"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":"new-mexico","state":"new-mexico","state_code":"NM","state_name":"New Mexico","tier":"FREE","top_markets":[{"brief_url":"/markets/los-lunas/brief","computed_at":"2026-10-20T01:02:50.600175+00:00","constraint_score":26.9,"excess_power":57.1,"iso":"WECC","name":"Los Lunas","slug":"los-lunas","state":"NM","verdict":"CAUTION"},{"brief_url":"/markets/albuquerque/brief","computed_at":"2026-10-20T01:03:10.479146+00:00","constraint_score":33.0,"excess_power":56.3,"iso":"WECC","name":"ALBUQUERQUE","slug":"albuquerque","state":"NM","verdict":"CAUTION"}],"transmission":null}