TransCanada, the Alberta-based firm that owns the 13 dams, has confirmed it's looking to sell the properties and public officials in Vermont have again expressed interest in buying them.
The administration of Democratic Gov. Peter Shumlin and state Treasurer Beth Pearce are expected to provide briefings to the Senate committees at the hearing on Tuesday at the Statehouse.
Democratic House Speaker Shap Smith has said he would support the idea of the state looking to purchase the dams and hold them in public ownership. The state tried to do that more than a decade ago, but was outbid by TransCanada.