AN ACT relating to electric generating units. Create a new section of Subchapter 20 of KRS Chapter 224 to allocate ten percent of carbon dioxide emissions allocated to the Commonwealth of Kentucky under 42 U.S.C. sec. 7411 (the Clean Air Act) to certain counties; establish the criteria by which counties with a coal-fired electric generating unit that retires after 2010 and before 2026 shall receive a percentage of the emission allowances; require that 50 percent of the emission allowances allocated to the utilities in the Commonwealth be returned to their ratepayers if their allowances equal their emissions; require that if the utilities sell the allowances that all proceeds of the sale be returned to the ratepayers.