The group, which includes Sens. Bill Wielechowski, Joe Thomas and Lyman Hoffman, plans to hold meetings over the coming months and look at various approaches to reducing costs. It is asking that members of the public with concrete suggestions on cutting costs come forward with those ideas.
A solicitation for proposals is also being made for an expert to weigh in on the issue. The Senate Finance Committee approved $150,000 for that effort.
Thomas, who is from Fairbanks, said the hearings should bring to light steps that can be taken to lower costs until longer-range projects, like a gas pipeline or the Susitna dam, come to fruition.