AMENDMENT NO. 1 to AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Exhibit 10.28

AMENDMENT NO. 1

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT (the “Amendment”) is made as of September 19, 2008, by and among NISOURCE FINANCE CORP. (the “Borrower”), NISOURCE INC. (the “Guarantor”), the lenders from time to time parties thereto (the “Lenders”) and BARCLAYS BANK PLC, as issuer of letters of credit (the “LC Bank”) and as administrative agent (the “Administrative Agent”) under that certain Amended and Restated Revolving Credit Agreement dated as of July 7, 2006, by and among the Borrower, the Guarantor, the Lenders and the Administrative Agent (as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”). Defined terms used herein and not otherwise defined herein shall have the meaning given to them in the Credit Agreement.

WITNESSETH

WHEREAS, the Borrower, the Guarantor, the Lenders, the LC Bank and the Administrative Agent are parties to the Credit Agreement; and

WHEREAS, the Borrower and the Guarantor have requested that the Lenders, the LC Bank and the Administrative Agent amend the Credit Agreement on the terms and conditions set forth herein;

WHEREAS, the Borrower, the Guarantor, the Administrative Agent, the LC Bank and the Required Lenders under Section 11.02 of the Credit Agreement have agreed to amend the Credit Agreement on the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto have agreed to the following amendments to the Credit Agreement:

Amendments to the Credit Agreement. Effective as of September 19, 2008 and subject to the satisfaction of the condition precedent set forth in Section 2 below, the Credit Agreement is hereby amended as follows:

1.1.

Section 1.01 of the Credit is amended to insert alphabetically therein the following defined term:

“Xxxxxx Litigation” means Estate of Xxxxxxxx X. Xxxxxx, et al. v. Columbia Natural Resources, LLC, et al., Civil Action No. 03-C-10E (Circuit Court of Xxxxx County, West Virginia), petition for writ of certiorari, NiSource Inc., et al. v. Estate of Xxxxxx, et al., U.S. Supreme Court No. 08-219 and No. 08-228.

	1.2.		Section 8.01(h) of the Credit Agreement is amended to delete clause (ii) thereof in its entirety and to substitute the following therefor:

			(ii) there shall be any period of 30 consecutive days (or, solely with respect to the Xxxxxx Litigation, a period of 30 consecutive days from and after July 1, 2009) during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect, except that, with respect to the Xxxxxx Litigation, expiration or any other failure of a stay of judgment to be in place shall have no effect under clause (ii) of this Section 8.01(h), either as a Default or, after lapse of time, as an Event of Default, prior to July 1, 2009; or

Condition of Effectiveness. The effectiveness of this Amendment is subject to the condition precedent that the Administrative Agent shall have received duly executed originals of this Amendment from each of the Borrower, the Guarantor, the Required Lenders under Section 11.02 of the Credit Agreement, the LC Bank and the Administrative Agent.

Representations and Warranties of the Borrower and the Guarantor. Each of the Borrower and the Guarantor hereby represents and warrants as follows:

	(a)		Each of the Borrower and the Guarantor hereby represents and warrants that this Amendment and the Credit Agreement as previously executed and as modified hereby constitute legal, valid and binding obligations of the Borrower and the Guarantor and are enforceable against the Borrower and the Guarantor in accordance with their terms (except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally).

	(b)		Upon the effectiveness of this Amendment and after giving effect hereto, each of the Borrower and the Guarantor hereby (i) reaffirms all covenants, representations and warranties made in the Credit Agreement as modified hereby, and agrees that all such covenants, representations and warranties shall be deemed to have been remade as of the date of this Amendment except that any such covenant, representation, or warranty that was made as of a specific date shall be considered reaffirmed only as of such date and (ii) certifies to the Administrative Agent, the LC Bank and the Lenders that no Default has occurred and is continuing.

Reference to the Effect on the Credit Agreement.

	4.1.		Upon the effectiveness of Section 1 hereof, on and after the date hereof, each reference in the Credit Agreement (including any reference therein to “this Credit Agreement,” “hereunder,” “hereof,” “herein” or words of like import referring thereto) or in any other Credit Document shall mean and be a reference to the Credit Agreement as modified hereby.

	4.2.		Except as specifically modified above, the Credit Agreement and all other documents, instruments and agreements executed and/or delivered in connection

			therewith, shall remain in full force and effect, and are hereby ratified and confirmed.

	4.3.		The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent, the LC Bank or the Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith.

GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.

Counterparts. This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts and all of said counterparts taken together shall be deemed to constitute one and the same instrument.

IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above written.


NISOURCE FINANCE CORP., as Borrower
By:	/s/ Xxxxx X. Xxxxx
	Name:	Xxxxx X. Xxxxx
	Title:	Vice President and Treasurer

NISOURCE INC., as Guarantor
By:	/s/ Xxxxx X. Xxxxx
	Name:	Xxxxx X. Xxxxx
	Title:	Vice President and Treasurer

BARCLAYS BANK PLC, as a Lender, as LC Bank and as Administrative Agent
By:	/s/ Sydney X. Xxxxxx
	Name:	Sydney X. Xxxxxx
	Title:	Director

Signature Page to Amendment No. 1 to
Amended and Restated Revolving Credit Agreement


CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as a Lender
By:	/s/ Xxxxx Xxxxxxxx
	Name:	Xxxxx Xxxxxxxx
	Title:	Vice President

By:	/s/ Xxxxxxxxxxx Xxx
	Name:	Xxxxxxxxxxx Xxx
	Title:	Associate

Signature Page to Amendment No. 1 to
Amended and Restated Revolving Credit Agreement


JPMORGAN CHASE BANK, N.A., as a Lender
By:	/s/ Xxxxx X. Xxxxx
	Name:	Xxxxx X. Xxxxx
	Title:	Vice President


THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender
By:	/s/ Chi-Xxxxx Xxxx
	Name:	Chi-Xxxxx Xxxx
	Title:	Authorized Signatory


CITICORP USA, INC., as a Lender
By:	/s/ Xxxx Xxxxxx
	Name:	Xxxx Xxxxxx
	Title:	Vice President


BNP PARIBAS, as a Lender
By:	/s/ Xxxxx X’Xxxxx
	Name:	Xxxxx X’Xxxxx
	Title:	Managing Director

By:	/s/ Xxxxxx Xxxxx
	Name:	Xxxxxx Xxxxx
	Title:	Managing Director


DEUTSCHE BANK AG NEW YORK AND GRAND CAYMAN BRANCHES, as a Lender
By:	/s/ Xxxxxx Xxxxx
	Name:	Xxxxxx Xxxxx
	Title:	Managing Director

By:	/s/ Xxxx XxXxxxxx
	Name:	Xxxx XxXxxxxx
	Title:	Vice President


MIZUHO CORPORATE BANK, LTD., NEW YORK BRANCH, as a Lender

By:	/s/ Xxxxxxx Xxxxxxx
	Name:	Xxxxxxx Xxxxxxx
	Title:	Deputy General Manager


THE ROYAL BANK OF SCOTLAND plc, as a Lender
By:	/s/ Xxxxxx X. Xxxxxx
	Name:	Xxxxxx X. Xxxxxx
	Title:	Vice President


WACHOVIA BANK, NATIONAL ASSOCIATION, as a Lender
By:	/s/ Xxxxx Xxxxx
	Name:	Xxxxx Xxxxx
	Title:	Director


BANK OF AMERICA, N.A., as a Lender
By:	/s/ Xxxxxxx X. Xxxxxx
	Name:	Xxxxxxx X. Xxxxxx
	Title:	Vice President


THE NORTHERN TRUST COMPANY, as a Lender
By:	/s/ Xxxxxxx XxXxxxxx
	Name:	Xxxxxxx XxXxxxxx
	Title:	Second Vice President


PNC BANK, NATIONAL ASSOCIATION, as a Lender
By:	/s/ Xxxxxx Xxxxx
	Name:	Xxxxxx Xxxxx
	Title:	Credit Officer


U.S. BANK NATIONAL ASSOCIATION, as a Lender
By:	/s/ Xxxxx X. XxXxxxx
	Name:	Xxxxx X. XxXxxxx
	Title:	Senior Vice President

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AMENDMENT NO. 1 to AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

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