June 28, 2002 Elwood Energy LLC 5000 Dominion Boulevard Glen Allen, VA 23060 Attention: Mr. Tony Belcher Re: Revolving Working Capital Credit Facility Dear Mr. Belcher:Revolving Working Capital Credit Facility • August 13th, 2002 • Elwood Energy LLC • Electric services • New York
Dominion Energy, Inc. and Peoples Energy Corporation (each a "Lender," and collectively the "Lenders") are pleased to establish a committed revolving working capital credit facility (the "Facility") in favor of Elwood Energy LLC (the "Borrower") in the maximum aggregate amount of TEN MILLION United States Dollars (U.S.$10,000,000) (the "Commitment"). The term of this Facility shall commence on July 1, 2002 and shall continue through June 30, 2003, provided, however, that the term of the Facility shall be automatically extended for one (1) year, and year to year thereafter, unless terminated by any party by providing at least thirty (30) days written notice to terminate the Facility. The termination date of the Facility is the later of June 30, 2003 or June 30 of the year subsequent to notice by any party to terminate the facility ("Termination Date"). Loans under the Facility ("Loans") will be evidenced and governed by the form of master notes that are attached hereto as Exhibit A and
