Exhibit 05 · Why a four-axis classification
The constraint is inverted
Present the published aggregate counts for the weakest and strongest C4 power-runway groups; underlying C4 observations are not in the public market file.
16 markets · weakest power position
11 of 1669%
are Tier 1 or Tier 2
Moratoria, refusal regimes and multi-year grid queues concentrate in the largest established markets.
Blue cells are Tier 1 or Tier 2 markets.
Power runway is metric C4, scored on evidenced grid policy and physics rather than developer statements.