By Kate Ward
Updated May 05, 2010 at 08:48 PM EDT

NBC confirmed today that 30 Rock star Alec Baldwin would be hosting the May 15 finale of Saturday Night Live with musical guest Tom Petty and The Heartbreakers. This will be Baldwin’s 15th time hosting the show. (Tom Petty and The Heartbreakers has served as musical guest eight times.) Baldwin first brought up the news while walking the red carpet at the White House Correspondents’ Dinner.