[Federal Register Volume 87, Number 96 (Wednesday, May 18, 2022)]
[Notices]
[Page 30324]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-10611]


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TENNESSEE VALLEY AUTHORITY


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: Tennessee Valley Authority.

ACTION: 60-Day notice of submission of information collection approval 
and request for comments.

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SUMMARY: The proposed information collection described below will be 
submitted to the Office of Management and Budget (OMB) for review, as 
required by the Paperwork Reduction Act of 1995. The Tennessee Valley 
Authority is soliciting public comments on this proposed collection.

DATES: Comments should be sent to the Public Information Collection 
Clearance Officer no later than July 18, 2022.

ADDRESSES: Requests for information, including copies of the 
information collection proposed and supporting documentation, should be 
directed to the Public Information Collection Clearance Officer: 
Jennifer A. Wilds, Specialist, Records Compliance, Tennessee Valley 
Authority, 400 W Summit Hill Dr., CLK-320, Knoxville, Tennessee 37902-
1401; telephone (865) 632-6580 or by email at [email protected].

SUPPLEMENTARY INFORMATION:
    Type of Request: New collection.
    Title of Information Collection: LPC FIRST Financial Reporting.
    Frequency of Use: Monthly and Annually.
    Type of Affected Public: Business or Local Government.
    Small Businesses or Organizations Affected: Yes.
    Federal Budget Functional Category Code: 455.
    Estimated Number of Annual Responses: 153.
    Estimated Total Annual Burden Hours: 2693.
    Estimated Average Burden Hours per Response: 14 hours (Annual 
Report); 0.3 hours (Monthly Report).
    Need for and Use of Information: TVA, serving in its regulatory 
capacity, uses this financial and statistical information to monitor 
each distributor's current financial position and to forecast 
requirements for reasonable levels of resources for renewals, 
replacements, and contingencies. The data from this information 
collection is used by TVA organizations (Regulatory Assurance, 
Commercial Energy Solutions, Treasury and Risk, Regional Relations and 
Transmission and Power Supply) and the TVA Board of Directors to assist 
in making management decisions concerning electric power rates, 
financing the TVA power generating and transmission system, and other 
long-term plans. If this information collection is not conducted, TVA 
would be severely hampered in fulfilling its responsibilities to 
Congress under Section 11 of the TVA Act of 1933 to ``permit domestic 
and rural use [of electricity] at the lowest possible rates.'' TVA has 
deployed the new Financial Information & Regulatory System Tool (FIRST) 
to streamline data collection and reduce the burden on the public.

Rebecca L. Coffey,
Agency Records Officer.
[FR Doc. 2022-10611 Filed 5-17-22; 8:45 am]
BILLING CODE 8120-08-P