Exhibit 10.2

FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT

This FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”) is entered into effective as of March [    ], 2009 (the “Amendment
Effective Date”), among ENBRIDGE ENERGY PARTNERS, L.P., a Delaware limited
partnership, as borrower (the “Borrower”), the Lenders named on the signature
pages hereto, BANK OF AMERICA, N.A., as administrative agent (in such capacity,
the “Administrative Agent”) and as Swing Line Lender (in such capacity, the
“Swing Line Lender”), and BANK OF AMERICA, N.A., and WACHOVIA BANK, NATIONAL
ASSOCIATION, as L/C Issuers (each an “L/C Issuer”, and together, the “L/C
Issuers”).

WHEREAS, the Borrower, the Lenders, the Administrative Agent, and the other
agents named therein are parties to that certain Second Amended and Restated
Credit Agreement dated as of April 4, 2007 (as amended from time to time, the
“Credit Agreement”).

WHEREAS, the Borrower and the undersigned Lenders have agreed to amend the
Credit Agreement as set forth in Section 2 below.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto hereby agree as follows:

SECTION 1.    Definitions.    Unless otherwise defined in this Amendment, terms
used in this Amendment which are defined in the Credit Agreement shall have the
meanings assigned to such terms in the Credit Agreement. The interpretive
provisions set forth in Section 1.02 of the Credit Agreement shall apply to this
Amendment.

SECTION 2.    Amendments to the Credit Agreement.

(a)        Section 2.05(a) of the Credit Agreement (Swing Line Loans) is hereby
amended by replacing the period at the end of the first sentence thereof with
the following language: “and provided, further, that the Swing Line Lender shall
be under no obligation to make Swing Line Loans if any Lender at such time is a
Defaulting Lender, (i) except pursuant to Section 2.05(g), which provides for,
at the time such Swing Line Loan is made, cash collateral for the Swing Line
Lender in the amount and on the terms required by Section 2.05(g) and such other
administrative rules and regulations from time to time agreed upon by the Swing
Line Lender and the Borrower, or (ii) unless the Borrower has requested and made
other arrangements satisfactory to the Swing Line Lender to eliminate the Swing
Line Lender’s risk with respect to such Lender.”

(b)        Section 2.05 of the Credit Agreement (Swing Line Loans) is hereby
amended by adding a new Section 2.05(g) to read as follows:

    “(g) Cash Collateral if There is a Defaulting Lender. If at the time the
Borrower requests a Swing Line Loan any Lender is a Defaulting Lender, then,
except as otherwise provided in Section 2.05(a)(ii), disbursement to the
Borrower of such requested Swing Line Loan shall be as follows: (i) an amount
equal to such Defaulting Lenders’ Pro Rata Share of such requested Swing Line
Loan (or, in lieu thereof, such other amount as shall be agreed by the Company
and the Swing Line Lender) shall be deemed disbursed to the Borrower pursuant to
the Borrower’s contemporaneous instruction to the Swing Line Lender to deposit
such amount as cash collateral into a cash collateral account in the Borrower’s
name on deposit with (and, pursuant to the cash collateral agreement, under the
control of) the Swing Line Lender, and (ii) the remainder shall be credited to
the Borrower’s account as provided in Section 2.05(b). Such

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amount of cash collateral for each Swing Line Loan shall remain on deposit until
the earlier to occur of (i) such Swing Line Loan has been repaid in full or
refinanced in full in accordance with Section 2.05(c)(i) or all Lenders have
funded their risk participations in such Swing Line Loan in accordance with
Section 2.05(c), and (ii) such earlier time, if any, as shall be agreed by the
Swing Line Lender; provided, however, that the Swing Line Lender shall be under
no obligation to release any cash collateral deposited in accordance with this
Section 2.05(g) at any time that a Default or Event of Default exists. Such cash
collateral account shall be established and maintained pursuant to a cash
collateral agreement satisfactory to the Borrower and the Swing Line Lender. For
the avoidance of doubt, the collateral provided for in this Section 2.05(g)
shall not be subject to the sharing provisions set forth in Section 2.14.”

(c)        Section 7.01(a) of the Credit Agreement (Liens) is hereby amended in
its entirety to read as follows: “(a) Liens pursuant to any Loan Document or
securing any Obligation in respect of Letters of Credit or Swing Line Loans as
contemplated by Section 2.04(a)(ii)(F) or Section 2.05(a) or;”

(d)        Section 10.16(a) of the Credit Agreement (Removal and Replacement of
Lenders) is hereby amended by replacing the language “Under any circumstances
set forth herein providing that the Borrower shall have the right to remove or
replace a Lender as a party to this Agreement,” with the following language:

    “If (1) (A) such Lender or the Person that controls such Lender has been
deemed insolvent or has become the subject of a bankruptcy, receivership or
insolvency proceeding, and (B) such Lender has failed to fund any portion of the
Committed Loans, participations in L/C Obligations, or participations in Swing
Line Loans required to be funded by it hereunder within one Business Day
following the date required to be funded by it hereunder, unless cured; or
(2) under any other circumstances set forth herein providing that the Borrower
shall have the right to remove or replace a Lender as a party to this
Agreement,”

SECTION 3.    Conditions of Effectiveness.    The amendment to the Credit
Agreement set forth in Section 2 of this Amendment shall be effective on the
Amendment Effective Date, provided that the Administrative Agent shall have
received the following:

(a)        a counterpart of this Amendment executed by the Administrative Agent,
the Borrower, the L/C Issuers and the Lenders named on the signature pages of
this Agreement (which may be by telecopy or other electronic transmission); and

(b)        such certificates of resolution or other action, incumbency
certificates and/or other certificate of the appropriate officers of the
Borrower and the General Partner as the Administrative Agent may require
evidencing the identity, authority and capacity of the Responsible Officer
signing this Amendment.

SECTION 4.    Acknowledgment and Ratification.    As a material inducement to
the Administrative Agent and the Lenders to execute and deliver this Amendment,
the Borrower agrees and acknowledges that the execution, delivery, and
performance of this Amendment shall, except as expressly provided herein, in no
way release, diminish, impair, reduce, or otherwise affect the Obligations of
the Borrower under the Loan Documents, which Loan Documents shall remain in full
force and effect.

SECTION 5.    Borrower’s Representations and Warranties.    As a material
inducement to the Administrative Agent and the Lenders to execute and deliver
this Amendment, the Borrower represents and warrants to the Lenders (with the
knowledge and intent that the Lenders are relying upon the same in entering into
this Amendment) that as of the Amendment Effective Date and as of the date of
its execution of this Amendment, that:

(a)        This Amendment has been duly authorized, executed and delivered by
the Borrower and the Credit Agreement as amended hereby constitutes its legal,
valid and binding obligations enforceable against it in accordance with their
respective terms (subject, as to the enforcement of remedies, to applicable
bankruptcy, reorganization, insolvency, moratorium and similar laws affecting
creditors’ rights generally and to general principles of equity).

 

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(b)        There has been no event or circumstance since December 31, 2008 which
has had or could reasonably be expected to have a Material Adverse Effect.

(c)        The representations and warranties set forth in Article V of the
Credit Agreement are true and correct in all material respects on and as of the
Amendment Effective Date, after giving effect to this Amendment, except to the
extent such representations and warranties relate solely to an earlier date, in
which case, they shall be true and correct as of such date.

(d)        As of the date hereof, at the time of and after giving effect to this
Amendment, no Default or Event of Default has occurred and is continuing.

(e)        No approval, consent, exemption, authorization or other action by, or
notice to, or filing with, any Governmental Authority is required to be obtained
or made by the Borrower by any material statutory law or regulation applicable
to it as a condition to the execution, delivery or performance by, or
enforcement against, the Borrower of this Amendment. The execution, delivery and
performance by the Borrower of this Amendment has been duly authorized by all
necessary corporate or other organizational action, and does not and will not
(i) violate the terms of any of the Borrower’s Organization Documents,
(ii) result in any breach of, constitute a default under, or require pursuant to
the express provisions thereof, the creation of any consensual Lien on the
properties of the Borrower under, any Contractual Obligation to which the
Borrower is a party or any order, injunction, writ or decree of any Governmental
Authority to which the Borrower or its property is subject, or (iii) violate any
Law, in each case with respect to the preceding clauses (i) through (iii), which
would reasonably be expected to have a Material Adverse Effect.

SECTION 6.     Effect of Amendment.

(a)        This Amendment (i) except as expressly provided herein, shall not be
deemed to be a consent to the modification or waiver of any other term or
condition of the Credit Agreement or of any of the instruments or agreements
referred to therein and (ii) shall not prejudice any right or rights which the
Administrative Agent or the Lenders may now have under or in connection with the
Credit Agreement, as amended by this Amendment. Except as otherwise expressly
provided by this Amendment, all of the terms, conditions and provisions of the
Credit Agreement shall remain the same. It is declared and agreed by each of the
parties hereto that the Credit Agreement, as amended hereby, shall continue in
full force and effect, and that this Amendment and such Credit Agreement shall
be read and construed as one instrument.

(b)        From and after the Amendment Effective Date, each reference in the
Credit Agreement, including the schedules and exhibits thereto and the other
documents delivered in connection therewith, to the “Credit Agreement,” “this
Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, shall mean
and be a reference to the Credit Agreement as amended hereby.

SECTION 7.    Miscellaneous.    This Amendment shall for all purposes be
construed in accordance with and governed by the laws of the State of New York
and applicable federal law. The captions in this Amendment are for convenience
of reference only and shall not define or limit the provisions hereof. This
Amendment may be executed in separate counterparts, each of which when so
executed and delivered shall be an original, but all of which together shall
constitute one instrument. In proving this Amendment, it shall not be necessary
to produce or account for more than one such counterpart. This Amendment shall
be a “Loan Document” as defined in the Credit Agreement.

 

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SECTION 8.    Entire Agreement.    THE CREDIT AGREEMENT (AS AMENDED BY THIS
AMENDMENT) AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN
THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR
SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS BETWEEN THE PARTIES.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by their proper and duly authorized officers as of the
date and year first above written.

 

ENBRIDGE ENERGY PARTNERS, L.P., a Delaware limited partnership, as Borrower  
By:   ENBRIDGE ENERGY MANAGEMENT,
L.L.C., as delegate of Enbridge Energy
Company, Inc., its General Partner     By:         Name:     Title:     By:    
    Name:     Title:

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

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BANK OF AMERICA, N.A., as Administrative Agent By:         Name:   Shelley A.
McGregor Title:   Senior Vice President

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

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BANK OF AMERICA, N.A., as a Lender, a L/C
Issuer and Swing Line Lender By:         Name:   Shelley A. McGregor Title:  
Senior Vice President

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

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WACHOVIA BANK, NATIONAL ASSOCIATION,
as a Lender and a L/C Issuer By:         Name:   Title:  

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

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EXPORT DEVELOPMENT CANADA, as a Lender By:         Name:   Title:  

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

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MORGAN STANLEY BANK, as a Lender By:         Name:   Title:  

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender By:     Name:   Title:  

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

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ABN AMRO BANK N.V., as a Lender By:     Name:   Title:  

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

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UBS LOAN FINANCE LLC, as a Lender By:     Name:   Title:  

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

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CITIBANK, N.A., as a Lender By:     Name:   Title:  

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

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DEUTSCHE BANK AG NEW YORK BRANCH,
as a Lender By:     Name:   Title:  

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

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ROYAL BANK OF CANADA, as a Lender By:     Name:   Title:  

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

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SUNTRUST BANK, as a Lender By:     Name:   Title:  

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

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SUMITOMO MITSUI BANKING CORPORATION, as a Lender By:     Name:   Title:  

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

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MERRILL LYNCH BANK USA, as a Lender By:     Name:   Title:  

 

 

 

[SIGNATURE PAGE TO FIRST AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]