Spin Cycle

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It was clear Wednesday that Long Island lawmakers are itchy to know when they’ll see the financial figures a consultant and the Cuomo administration are using to recommend privatizing the Long Island Power Authority.

The answer: not soon.

“When are we going to see those [financial] models?” Sen. Kenneth LaValle (R-Port Jefferson) grilled New York Power Authority President Gil Quinones.

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“We don’t want to rush the analysis,” Quinones responded.

“Weeks? Months?” LaValle continued.

“It would depend,” Quinones said. “I would hate to give you a date and then it doesn’t comply to this.”

“We don’t have anything to have a thorough discussion on because we don’t have these models,” LaValle protested moments later.

“Maybe months,” Quinones answered, finally giving a rough idea.

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The Lazard Ltd. firm consulted with the panel put together by Gov. Andrew M. Cuomo that eventually said privatization would be the best way to go – in contrast to a Brattle Group report that said privatization would result in rate hikes to consumers. Cuomo has said a private LIPA "makes the most sense."