[Federal Register Volume 87, Number 143 (Wednesday, July 27, 2022)]
[Notices]
[Pages 45145-45146]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-16030]


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TENNESSEE VALLEY AUTHORITY


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Tennessee Valley Authority (TVA).

ACTION: 30-Day notice of submission of information collection approval 
request to OMB.

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SUMMARY: Tennessee Valley Authority (TVA) provides notice of submission 
of this information clearance request (ICR) to the Office of Management 
and Budget (OMB) for review and approval in accordance with the 
Paperwork Reduction Act of 1995 (PRA). The general public and other 
federal agencies are invited to comment. TVA previously published a 60-
day notice of the proposed information collection for public review 
(May 18, 2022) and no comments were received.

DATES: The OMB will consider all written comments received on or before 
August 26, 2022.

ADDRESSES: Written comments for the proposed information collection 
should be sent within 30 days of publication of this notice to 
www.reginfo.gov/public/

[[Page 45146]]

do/PRAMain. Find this particular information collection by selecting 
``Currently under 30-day Review--Open for Public Comments'' or by using 
the search function.

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. 2022-16030 Filed 7-26-22; 8:45 am]
BILLING CODE 8120-08-P