Document:

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                                                                   EXHIBIT 10.10

                              EMPLOYMENT AGREEMENT

         This Employment Agreement (hereinafter the "Agreement") is entered into
as of the 30th day of September, 2000 ("Effective Date"), by and between
American Axle & Manufacturing Holdings, Inc. ("Company") and Alan Shaffer
(hereinafter the "Executive").

                                   BACKGROUND

         WHEREAS, the Company desires to continue to employ Executive, and
Executive is willing to accept employment with the Company, upon the terms and
subject to the conditions hereinafter set forth.

         NOW, THEREFORE, in consideration of the mutual covenants set forth
herein, and with the intention of being legally bound hereby, the parties hereby
agree as follows:

1.       EMPLOYMENT.

The Company hereby employs Executive, and Executive hereby accepts such
employment during the Employment Term as defined below and on the terms and
subject to the conditions hereinafter set forth.

2.       MANAGEMENT DUTIES.

During the Employment Term, Executive shall serve initially as the Company's
Vice President Manufacturing Services, reporting to the Company's Vice President
Manufacturing & Procurement Services.

3.       EXTENT OF SERVICES.

During the Employment Term, Executive shall devote substantially his full time
and attention and give his best efforts, skills, and professional abilities to
the management and operations of the Company and its business and in carrying
out the duties prescribed in the previous section.

4.       COMPENSATION AND BENEFITS.

(a)      During the Employment Term, Executive shall receive as compensation
for his services such salary, benefits, and other compensation as are set forth
in Exhibit A hereto, which cash compensation shall be payable in regular
installments in accordance with Company's usual payroll practices.

(b)      During the Employment Term, Executive shall be entitled to
participate in all employee benefit plans made available by the Company in its
discretion generally to all other employees of the Company from time to time.

(c)      Executive shall be entitled to vacation during each year of the
Agreement, and such holidays established by the Company from time to time.

(d)      All payments made to Executive or his estate which are made
pursuant to this Agreement shall be subject to such withholding as may be
required by any applicable laws, including without limitation any federal,
state, and local taxes as may be required to be withheld pursuant to any
applicable law or regulation.

5.       EXPENSE REIMBURSEMENTS.

During the Employment Term, the Company shall promptly reimburse Executive for
all reasonable and itemized out-of-pocket expenses incurred by Executive in the
ordinary course of the Company's business, provided such expenses are incurred,
reported, and approved in accordance with the Company's established written
policies and procedures for Company employees generally or such written policies
and procedures applicable to senior executives of the Company, if the same shall
exist.

6.       TERM.

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The period of Executive's employment under this Agreement (the "Employment
Term") shall commence on the Effective Date and, unless sooner terminated
pursuant to Section 10 of this Agreement, shall continue until the close of
business on the day immediately preceding the third anniversary of the Effective
Date.

7.       REPRESENTATIONS, WARRANTIES, AND ACKNOWLEDGMENTS OF EXECUTIVE.

(a)      Executive represents and warrants that he is not a party to or
otherwise subject to or bound by the terms of any contract, agreement, or
understanding which in any manner would limit or otherwise affect his ability to
perform his obligations hereunder, including without limitation any contract,
agreement, or understanding containing terms and provisions similar in any
manner to those contained herein, and that the execution and delivery of this
Agreement and the performance by Executive of his duties hereunder shall not
constitute a breach of, or otherwise contravene, the terms of any employment
agreement or policy to which Executive is a party or otherwise bound.

(b)      Executive recognizes and acknowledges that (i) in the course of
Executive's employment by the Company it will be necessary for Executive to
acquire information which could include, in whole or in part, information
concerning the Company's or any parent's, subsidiary's, or affiliate's
experimental and development plans, trade secrets, secret procedures,
information relating to ideas, improvements, inventions, manufacturing
processes, customers, software, computer programs, disclosures, processes,
systems, formulas, composition, patents, patent applications, machinery,
materials research activities and plans, customers or vendors and prospective
customers, the Company's or any parent's, subsidiary's, or affiliate's product
costs, the Company's or any parent's, subsidiary's, or affiliate's prices,
profits, and volume of sales, and future business plans, and other confidential
or proprietary information belonging to the Company or any parent, subsidiary,
or affiliate or relating to the Company's or any parent's, subsidiary's, or
affiliate's affairs, even if such information has been disclosed to one or more
third parties pursuant to licensing or customer agreements or other agreements
entered into by the Company or any of its affiliates (collectively, such
information is referred to herein as the "Confidential Information"); (ii) the
Confidential Information is the property of the Company and/or any parent,
subsidiary, or affiliate, as the case may be; (iii) the use, misappropriation or
disclosure of the Confidential Information would cause irreparable injury to the
Company; and (iv) it is essential to the protection of the Company's good will
and to the maintenance of the Company's competitive position that the
Confidential Information be kept secret and that Executive not disclose the
Confidential Information to others or use the Confidential Information to
Executive's own advantage or the advantage of others (except as may be necessary
for the performance of Executive's duties hereunder or as may otherwise be
provided for herein). The term "Confidential Information" shall not include
information which is or becomes generally available to the public other than as
a result of a disclosure by Executive in violation of this Agreement.

(c)      Executive further recognizes and acknowledges that his duties at
the Company may include the preparation of materials, including written or
graphic materials, and that any such materials conceived or written by him shall
be done as "works made for hire" as defined and used in the Copyright Act of
1976, 17 U.S.C. ss. 1 et seq. In the event of publication of such materials,
Executive acknowledges that since the work is "work made for hire," the Company
will solely retain and own all rights in such materials, including right of
copyright and any associated goodwill.

8.       EXECUTIVE'S COVENANTS AND AGREEMENTS.

(a)      During the Employment Term, Executive shall not engage in any other
business, profession, or occupation for compensation or otherwise which would
conflict with the rendition of such services, either directly or indirectly,
without the prior written consent of the Company.

(b)      Executive agrees to hold and safeguard the Confidential Information
in trust for the Company and any parent, subsidiary, or affiliate, and its and
their successors and assigns and agrees that he shall not, without the prior
written consent of the Company, disclose or make available to anyone for use
outside the Company's organization at any time, either during his employment
with the Company or thereafter, any of the Confidential Information, whether or
not developed by Executive, except as required in the performance of Executive's
duties to the Company. The foregoing notwithstanding, the Company acknowledges
that Executive may be required by applicable law or regulation or requested in
connection with any judicial, administrative, or governmental proceeding to
disclose or otherwise make available some or all of the Confidential
Information. In any such event, Executive shall treat such requirement or
request consistent with his position as Vice President Manufacturing Services
or, if such requirement or request is learned by Executive following the
Employment Term, Executive shall provide the Company with

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written notice of such requirement or request as soon as practicable after
learning of same, shall furnish only that portion of the Confidential
Information which Executive is advised by his counsel is legally required, and
shall reasonably cooperate with the Company in the event the Company seeks a
protective order for such disclosure.

(c)      Executive shall disclose promptly to the Company any and all
Company Inventions (as defined below) authorized, conceived, or made by
Executive during the period of Executive's employment by the Company and related
to the business or activities of the Company, and hereby assigns and agrees to
assign all of his right, title, and interest, together with any and all
associated goodwill, world-wide in all Company Inventions and in all
intellectual property rights based upon Company Inventions to the Company.
Whenever requested to do so by the Company, Executive shall execute any and all
applications, assignments, or other instruments which the Company shall deem
reasonably necessary to apply for and obtain letters patent, mask works,
trademarks, service marks, or copyrights of the United States or any foreign
country or to otherwise protect the Company's interest therein or to evidence
the assignments thereof to the Company. Such obligations shall continue beyond
the termination of Executive's employment with the Company, regardless of the
reason for such termination, with respect to Company Inventions authored,
conceived, or made by Executive during the period of Executive's employment by
the Company, and shall be binding upon Executive's assigns, executors,
administrators, and other legal representatives. The Company shall be
responsible for the preparation of any such instruments, documents, papers, and
the like and for the prosecution of any proceedings and shall promptly reimburse
Executive for all reasonable expenses incurred by him in compliance with this
Section. In the event that the Company is unable for any reason to secure
Executive's signature to any lawful and necessary document required to apply for
or execute any patent, mask work, trademark, service mark, copyright, or other
applications with respect to any Company Inventions (including but not limited
to any renewals, extensions, continuations, divisions, or continuations in part
thereof), Executive hereby irrevocably appoints the Company and its duly
authorized officers and agents as his agents and attorneys in fact to execute
and file any such application and to do all other lawfully permitted acts to
further the prosecution and issuance of patents, mask works, trademarks, service
marks, copyrights, or other rights relating to such Company Inventions with the
same legal force and effect as if executed by Executive.

(d)      As used in this Agreement: (i) "Inventions" means any new or useful
art, discovery, contribution, finding, and improvement thereof or know-how
related thereto, whether patentable or not, including but not limited to
contributions, concepts, ideas, developments, discoveries, processes, formulas,
methods, composition, techniques, articles, machines, designs, programs or
software, and mask works; and (ii) "Company Inventions" means all Inventions
conceived or made by Executive, alone or with others, which (1) relate or may
relate in any manner to the Business or its research and development, (2) were
conceived or made, in whole or in part, on the Company's time or with any of the
Company's or any parent's, subsidiary's, or affiliate's equipment, supplies,
facilities or Confidential Information of the Company or any parent, subsidiary,
or affiliate, or (3) result from tasks assigned to Executive by the Company.

(e)      Upon the termination of Executive's employment with the Company for
any reason, Executive shall promptly deliver to the Company all correspondence,
drawings, blueprints, manuals, letters, notes, notebooks, reports, flow-charts,
programs, proposals, price lists, customer lists, potential customer contact
lists, Company vehicles, access cards, confidential directories, documents
containing, summarizing, or otherwise reflecting non-public financial or other
information, and any documents concerning the Company's customers or concerning
products or processes used by the Company and, without limiting the foregoing,
will promptly deliver to the Company any and all other documents or materials
containing or constituting Company Inventions or Confidential Information.

(f)      Executive acknowledges and agrees that the remedies of Company
and/or any parent, subsidiary, or affiliate at law for a breach or threatened
breach of any of the provisions of sections 7, 8, and 11 would be inadequate
and, in recognition of this fact, Executive agrees that, in the event of such a
breach or threatened breach, in addition to any remedies at law, the Company,
and any parent, subsidiary, or affiliate, without posting any bond, shall be
entitled to cease making any payments or providing any benefit otherwise
required by this Agreement and obtain equitable relief in the form of specific
performance, temporary restraining order, temporary or permanent injunction, or
any other equitable remedy which may then be available.

9.       WAIVER OF BREACH.

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The waiver by the Company of a breach of any provision of this Agreement by
Executive shall not operate or be construed as a waiver of any other or
subsequent breach by Executive of such or any other provision. No delay or
omission by the Company or Executive in exercising any right, remedy, or power
hereunder or existing at law or in equity shall be construed as a waiver
thereof, and any such right, remedy, or power may be exercised by the Company or
Executive from time to time and as often as may be deemed expedient or necessary
by the Company or Executive in its or his sole discretion.

10.      TERMINATION.

(a)      Notwithstanding the Employment Term set forth in Section 6 hereof,
this Agreement shall terminate upon the earliest to occur of the following:

         (i)    the close of business on the last day of the Employment Term;

         (ii)   the Executive's death;

         (iii)  delivery of a written notice by either party to terminate
         Executive's employment hereunder because of Executive's Disability (as
         defined below);

         (iv)   delivery by the Company to Executive of a written  notice of the
         Company's  election to terminate Executive's employment hereunder for
         Cause (as defined below);

(b)      For purposes of this Agreement:

         (i)    "Executive's Disability" shall have the same meaning as such
         term is used in such Company provided benefit plan(s) in which
         Executive is a plan participant at the time of such claimed Executive
         Disability, provided such plan(s) is/are designed to provide benefits
         to Executive in the event of a disability as defined therein. In the
         absence of such plan(s) or in the event of any ambiguity of definition,
         "Disability" shall mean that Executive is unable for a period of six
         (6) consecutive months or for an aggregate of nine (9) months in any
         twelve (12) month period to substantially perform Executive's duties as
         defined herein. Any question as to the existence of the Disability of
         Executive as to which Executive and Company cannot agree shall be
         determined in writing by a qualified independent physician mutually
         acceptable to Executive and Company. If Executive and Company cannot
         agree upon a qualified independent physician, each shall appoint such a
         physician and those two physicians shall select a third who shall make
         such determination in writing. The determination of Disability made in
         writing to the Company and Executive by such three physicians shall be
         final and conclusive for all purposes of this Agreement.

         (ii)     "Cause" shall mean any of the following:

                  (1)   any breach by Executive of the terms of this Agreement,
                  including violation of any Company policy(ies), as the same
                  may be altered, amended, instituted, or adopted from time to
                  time, which shall not have been cured within ten (10) business
                  days following a written demand for performance from the
                  Company's board of directors or its designee which identifies
                  the manner in which the Executive is alleged to have breached
                  this Agreement;

                  (2)   Executive's  commission  of any  act of  dishonesty  in
                  rendering  services  hereunder, including without limitation
                  falsification of records, expense accounts, and other reports;

                  (3)   Executive's willful malfeasance, nonfeasance, or willful
                  misconduct in connection with his duties hereunder or any act
                  or omission which is materially injurious to the financial
                  condition or business reputation of the Company or any of its
                  parent corporations, affiliates, or subsidiaries;

                  (4)   Executive's conviction of a felony or other crime
                  involving moral turpitude, fraud, embezzlement, or theft,
                  including without limitation any felony under the laws of the
                  United States of America, Canada, or Mexico, or any state or
                  province thereof; or

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                  (5)   drunkenness or other substance abuse while rendering
                  services hereunder or that impairs Executive's ability to
                  perform his duties hereunder or renders Executive unfit to
                  serve as an Executive of the Company in the capacity
                  contemplated hereby.

         (iii) Any termination of employment by the Company or by Executive
         which is required by written notice shall be communicated in accordance
         with section 12 hereof.

(c)      Following any termination of Executive's employment hereunder, all
obligations of the Company under this Agreement (other than any obligations with
respect to the payment of accrued and unpaid salary, accrued and unpaid
vacation, and expense reimbursement under Section 5 hereof through the date of
Executive's termination of Employment hereunder) shall terminate.

11.      NON-COMPETE;  NON-SOLICITATION.

(a)      Executive agrees that during the Employment Term and for eighteen (18)
months thereafter, Executive will not directly or indirectly do any of the
following:

         (i)   engage (whether as principal, agent, officer, director, employee,
         consultant, partner, shareholder, individual proprietor, or otherwise,
         whether alone or in association with any other person or entity) in any
         business, enterprise, endeavor, or activity (other than the Company)
         which (i) manufactures or markets products or services which are
         similar to or compete with those produced or sold by Company or any
         parent, subsidiary, or affiliate of Company, including without
         limitation any businesses or endeavor which the Company or any parent,
         subsidiary, or affiliate have specific plans to conduct in the future
         and as to which Executive is aware of such planning, or (ii) is in
         competition with or substantially similar to the business conducted by
         Company or any parent, subsidiary, or affiliate of Company prior to the
         date hereof.

         (ii)   solicit, divert, or take away, or attempt to solicit, divert or
         take away the trade of, or trade with, any customer, client, account,
         or supplier, or prospective customer, client, account or supplier of
         Company or any parent, subsidiary, or affiliate thereof, for any
         purpose other than for the benefit of the Company;

         (iii)   recruit, solicit, or induce or attempt to recruit, solicit, or
         induce, any employee of the Company or any parent, subsidiary, or
         affiliate thereof, to leave his employment for any reason whatsoever,
         nor offer or provide employment, either on a full time or part time or
         consulting basis, to any person who then currently is, or who within
         one year prior thereto had been, employed by the Company or any parent,
         subsidiary, or affiliate thereof;

         (iv)   interfere with business relationships (whether formed before or
         after the date of this Agreement) between the Company or any parent,
         subsidiary, or affiliate and its/their customers, suppliers, and/or
         joint venture partners;

         (v)   interfere with employment relationships between Company or any
         parent, subsidiary, or affiliate and its/their employees, agents, or
         consultants.

Should any provision of this Section be adjudged to any extent invalid by any
competent tribunal or court, such provision shall be deemed modified to the
extent necessary to make it enforceable. It is expressly understood and agreed
that although Executive and the Company consider the restrictions contained in
this section 11 to be fair and reasonable, if a final judicial determination is
made by a court of competent jurisdiction that the time or territory or any
other restriction contained in this Agreement is an unenforceable restriction
against Executive, the provisions of this Agreement shall not be rendered void
but shall be deemed amended to apply as to such maximum time and territory and
to such maximum extent as such court may judicially determine or indicate to be
enforceable.

(b)      The provisions of this section 11 shall not be construed to prohibit
the ownership by Executive of up to 3% of any class of securities of any
corporation that has a class of securities registered pursuant to the Securities
Exchange Act of 1934, as amended.

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12.      NOTICES.

All notices required or permitted hereunder shall be made in writing by
hand-delivery, certified or registered first class mail, or air courier
guaranteeing overnight delivery to the other party at the following addresses:

         To the Executive:       Alan Shaffer
                                 6441 Taylor Road
                                 Cincinnati, Ohio  45248

               To Company:       Vice President - Human Resources
                                 American Axle & Manufacturing, Inc.
                                 1840 Holbrook Avenue
                                 Detroit, Michigan  48212-3488

                  copy to:       General Counsel
                                 American Axle & Manufacturing, Inc.
                                 1840 Holbrook Avenue
                                 Detroit, Michigan  48212-3488

or to such other address as either of such parties may designate in a written
notice served upon the other party in the manner provided herein. All notices
required or permitted hereunder shall be deemed duly given and received when
delivered by hand, if personally delivered; on the third business day after the
date of mailing if sent by certified or registered first-class mail; and on the
next business day, if timely delivered to an air courier guaranteeing overnight
delivery.

13.      SEVERABILITY.

If any term or provision of this Agreement or the application thereof to any
person or circumstance shall, to any extent, be held invalid or unenforceable by
a court of competent jurisdiction, the remainder of this Agreement or the
application of any such term or provision to persons or circumstances other than
those as to which it is held invalid or unenforceable, shall not be affected
thereby, and each term and provision of this Agreement shall be valid and
enforceable to the fullest extent permitted by law. If any of the provisions
contained in this Agreement shall for any reason be held to be excessively broad
as to duration, scope, activity or subject, it shall be construed by limiting
and reducing it so as to be valid and enforceable to the extent compatible with
the applicable law or the determination by a court of competent jurisdiction.

14.      GOVERNING LAW.

The implementation and interpretation of this Agreement shall be governed by and
enforced in accordance with the laws of the State of Michigan, U.S.A., without
giving effect to the conflicts of laws provisions thereof.

15.      BINDING EFFECT AND ASSIGNABILITY.

The rights and obligations of the parties under this Agreement shall inure to
the benefit of, shall be binding upon, and shall be enforceable by, their
respective heirs, successors, assigns, personal or legal representatives,
executors, administrators, successors, heirs, distributees, devisees, and
legatees. Executive's rights under this Agreement shall not, in any voluntary or
involuntary manner, be assigned or assignable and may not be pledged or
hypothecated without the prior written consent of the Company.

16.      COUNTERPARTS;  SECTION HEADINGS.

This Agreement may be executed in any number of counterparts, each of which
shall be deemed to be an original, but all of which together shall constitute
but one and the same instrument. The section headings of this Agreement are for
convenience of reference only.

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17.      SURVIVAL.

Except as expressly provided herein, notwithstanding the termination or
expiration of this Agreement or Executive's employment hereunder for any reason,
Sections 7(b), 7(c), 8, 11, 14, 15, and 17 hereof shall survive any such
expiration or termination.

18.      ENTIRE AGREEMENT.

This instrument constitutes the entire agreement with respect to the subject
matter hereof between the parties hereto and replaces and supersedes as of the
date hereof any and all prior oral or written agreements and understandings
between the parties hereto. This Agreement may only be modified or amended by a
written agreement executed by the both the Executive and the Company.

19.      AGREEMENT TO CONTROL.

In the event of any conflict or inconsistency between the terms of this
Agreement and the terms of any other agreement, plan, or arrangement to which
Executive is a party, or which apply to or benefit the Executive, the terms of
this Agreement shall control.

         IN WITNESS WHEREOF, the undersigned parties have executed this
Agreement the date first written above.

EXECUTIVE:                         COMPANY:

                                   AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.

/s/ Alan Shaffer
------------------------           By:   /s/ Allan R. Monich
Alan Shaffer                             ------------------------------------
                                   Name:     Allan R. Monich
                                         ------------------------------------
                                   Title:    Vice-President Human Resources
                                         ------------------------------------

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                                   EXHIBIT A

                      Compensation Package for Alan Shaffer

Position:                          Vice President Manufacturing Services of
                                   American Axle & Manufacturing Holdings, Inc.

Base Monthly Salary:               $16,667.00(1)

Incentive Compensation (Bonus):    Eligibility for annual bonus up to 100% of
                                   base salary bonus program consistent with
                                   American Axle & Manufacturing, Inc.,
                                   Incentive Compensation (Bonus) Plan, as the
                                   same is adopted or amended from time
                                   to time(2)

Stock Option Plan:                 Inclusion in the American Axle &
                                   Manufacturing, Inc. 1999 Stock Incentive Plan
                                   to purchase 100,000 shares at market price on
                                   date of grant to be earned out over three
                                   years - 1/3 each year.

Company Vehicle:                   In accordance with the corporate vehicle
                                   program for American Axle & Manufacturing,
                                   Inc., as the same may be amended from time to
                                   time

Vacation Eligibility:              Four (4) weeks effective 2001

Other:                             Relocation package

-------------------------------------------------------------------------------

(1)   Eligible for annual merit increase in accordance with corporate policies
      and practice
(2)   Based on overall performance of American Axle & Manufacturing, Inc.

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                                                                   EXHIBIT 10.13

                                MCN ENERGY GROUP
                      EXECUTIVE DEFERRED COMPENSATION PLAN

                    (AS RESTATED EFFECTIVE FEBRUARY 28, 2001)

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                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
         SECTION                                                                                               PAGE
         -------                                                                                               ----
<S>                   <C>           <C>                                                                        <C>
SECTION 1 - DEFINITIONS.........................................................................................  1

                      1.01.         "Account"...................................................................  1
                      1.02.         "Additional Pension Plan Benefit"...........................................  1
                      1.03.         "Additional Savings Plan Benefit"..... .....................................  2
                      1.04          "Affiliated Employer........................................................  2
                      1.05.         "Anniversary Date"..........................................................  2
                      1.06.         "Annual Base Salary"........................................................  2
                      1.07.         "Annual Incentive Compensation".............................................  2
                      1.08.         "Beneficiary"...............................................................  2
                      1.09.         "Benefit Agreement".........................................................  3
                      1.10.         "Board of Directors"........................................................  3
                      1.11.         "Code"......................................................................  3
                      1.12.         "Committee".................................................................  3
                      1.13.         "Company"...................................................................  3
                      1.14.         "Deferral"..................................................................  3
                      1.15.         "Deferral Period"...........................................................  3
                      1.16.         "Disability.................................................................  3
                      1.17.         "Effective Date"............................................................  3
                      1.18.         "ERISA" ....................................................................  3
                      1.19.         "Executive" ................................................................  3
                      1.19.         "Executive".................................................................  4
                      1.20.         "In Pay Status".............................................................  4
                      1.21.         "Leave".....................................................................  4
                      1.22.         "Participant"...............................................................  4
                      1.23.         "Pension Plan"..............................................................  4
                      1.24.         "Plan"......................................................................  4
                      1.25.         "Plan Interest Rate"........................................................  4
                      1.26.         "Plan Year".................................................................  4
                      1.27.         "Post-Retirement Survivor Benefit"..........................................  4
                      1.28.         "Pre-Retirement Survivor Benefit"...........................................  4
                      1.29.         "Retirement Date"...........................................................  4
                      1.30.         "Retirement Income Benefit".................................................  4
                      1.31.         "Savings Plan"..............................................................  5
                      1.32.         "Social Security Wage Base".................................................  5
                      1.33.         "Spouse"....................................................................  5

SECTION 2 - PARTICIPATION.......................................................................................  5

                      2.01.         Commencement of Participation...............................................  5
</TABLE>

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<TABLE>
<CAPTION>
         SECTION                                                                                               PAGE
         -------                                                                                               ----
<S>                 <C>           <C>                                                                        <C>

                      2.02.         Deferrals...................................................................  5
                      2.03.         Election of Deferral........................................................  5
                      2.04.         Forgo Deferral for a Plan Year..............................................  6
                      2.05.         Increased Deferral..........................................................  6
                      2.06.         Establishment of Account....................................................  6
                      2.07.         Interaction with Other Plans................................................  7

SECTION 3 - FUNDING OF BENEFITS.................................................................................  7

                      3.01.         Unfunded Plan...............................................................  7
                      3.02.         Interest....................................................................  7

SECTION 4 - CLAIMS PROCEDURE....................................................................................  8

                      4.01.         Benefit Claims Procedure....................................................  8
                      4.02.         Appeals Procedure...........................................................  8

SECTION 5 - RETIREMENT INCOME BENEFITS..........................................................................  9

                      5.01.         Normal Retirement Benefit...................................................  9
                      5.02.         Termination Benefit......................................................... 10
                      5.03.         Disability.................................................................. 11
                      5.04.         Revocation of Designation as Executive...................................... 11
                      5.05.         Hardship Withdrawal Benefits................................................ 12

SECTION 6 - PRE-RETIREMENT SURVIVOR BENEFITS.................................................................... 12

                      6.01.         Pre-Retirement Survivor Benefit............................................. 12
                      6.02          Proof of Insurability....................................................... 13
                      6.03.         Exclusion for Suicide or Self-Inflicted
                                    Injury...................................................................... 14

SECTION 7 - POST-RETIREMENT SURVIVOR BENEFITS................................................................... 14

SECTION 8 - VESTING OF BENEFITS................................................................................. 14

SECTION 9 - ADDITIONAL PROVISIONS AFFECTING BENEFITS............................................................ 14

                      9.01.         Benefit Agreement........................................................... 14

</TABLE>

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<TABLE>
<CAPTION>
         SECTION                                                                                               PAGE
         -------                                                                                               ----
<S>                 <C>           <C>                                                                        <C>

                      9.02.         Leave of Absence............................................................ 15
                      9.03.         Alternative Forms of Benefit................................................ 15
                      9.04.         Tax Withholding............................................................. 15

SECTION 10 - ADMINISTRATION OF THE PLAN......................................................................... 15

                      10.01.        Duties and Power............................................................ 15
                      10.02.        Benefit Statements.......................................................... 15

SECTION 11 - AMENDMENT, SUSPENSION, AND TERMINATION............................................................. 15

                      11.01.        Right to Amend or Terminate................................................. 15
                      11.02.        Right to Surrender.......................................................... 15
                      11.03.        Non-ERISA Plan.............................................................. 16
                      11.04.        Right to Accelerate......................................................... 16

SECTION 12 - MISCELLANEOUS...................................................................................... 17

                      12.01.        Right to Continued Employment............................................... 17
                      12.02.        Prohibition Against Alienation.............................................. 17
                      12.03.        Sayings Clause.............................................................. 17
                      12.04.        Payment of Benefit of Incompetent........................................... 17
                      12.05.        Spouse's Interest........................................................... 17
                      12.06.        Successors.................................................................. 18
                      12.07.        Gender, Number and Heading.................................................. 18
                      12.08.        Legal Fees and Expenses..................................................... 18
                      12.09.        Choice of Law............................................................... 18
                      12.10.        Affiliated Employees........................................................ 18

SECTION 13 - CHANGE IN CONTROL PROVISIONS....................................................................... 18

                      13.01         General..................................................................... 18
                      13.02         Transfer to Rabbi Trust..................................................... 18
                      13.03         Lump Sum Payments........................................................... 19
                      13.04         Joint and Several Liability................................................. 19
                      13.05         Dispute Procedures.......................................................... 19
                      13.06         Definition of Change in Control............................................. 20
</TABLE>

                                      iii
<PAGE>   5

Historical Background

                                       iv
<PAGE>   6

                                MCN ENERGY GROUP
                      EXECUTIVE DEFERRED COMPENSATION PLAN

                    (as restated effective February 28, 2001)

         MCN Energy Group Inc., a Michigan corporation (hereinafter referred to
as "MCN" or the "Company"), has adopted the MCN Energy Group Executive Deferred
Compensation Plan (hereinafter referred to as the "Plan") to provide
supplemental retirement income for certain Executives (hereinafter defined) and
to provide a measure of security for certain Executives through the payment of
death benefits to their Beneficiaries.

         The Company previously adopted the MCN Management Incentive Bonus
Compensation Plan ("Incentive Plan") which permitted participants to defer
awards made to them under the Incentive Plan. Effective as of January 1, 1990,
deferrals under the Incentive Plan were discontinued and account balances under
the Incentive Plan were transferred to the Plan.

         It is intended that this Plan provide benefits for "a select group of
management or highly compensated employees" within the meaning of Sections 201,
301 and 401 of ERISA (hereinafter defined), and therefore to be exempt from the
provisions of Parts 2, 3 and 4 of Title I of ERISA.

                                    SECTION 1
                                   DEFINITIONS

         The following words and terms as used herein shall, unless the context
clearly requires a different meaning, have the respective meanings hereinafter
set forth.

         1.01. "Account" means the record maintained by the Company of each
Participant's Deferrals, credited interest, Additional Pension Plan Benefit,
Additional Savings Plan Benefit, transfers from the MCN Energy Group Mandatory
Deferred Compensation Plan, transfers from the MCN Energy Group Long-Term
Incentive Plan and distributions under the Plan.

         1.02. "Additional Pension Plan Benefit" means an additional benefit
under this Plan, equal to the present value at the date of retirement under the
qualified plan or other termination of employment of the difference between (1)
the benefit that the Participant would have been entitled to receive under the
Pension Plan if he had not elected to defer any amount

<PAGE>   7

under the Plan, and (2) the benefit that the Participant is entitled to receive
under the Pension Plan.

         1.03. "Additional Savings Plan Benefit" means an additional monthly
benefit under this Plan, equal to the amount of any Company matching
contributions that would have been made on the Participant's deferred salary
under the terms of the Savings Plan plus (i) for periods from January 1, 1990 to
July 31, 1991, the income that would have been earned thereon based upon the
Participant's investment elections and the terms of the Savings Plan, and (ii)
for periods after July 31, 1991, interest based upon the Plan Interest Rate in
effect for such period which should be added to the Participant's account.

         1.04 "Affiliated Employer" means any corporation while such corporation
is a member of the same controlled group of corporations (within the meaning of
Section 414(b) of the Code) as the Company or any other employing entity while
such entity is under common control (within the meaning of Section 414(c) of the
Code) with the Company.

         1.05. "Anniversary Date" means any January 1 including or after the
Effective Date.

         1.06. "Annual Base Salary" means annual base salary payable in the
current Plan Year before any 401(k) deferral or cafeteria plan election and
before any payroll deduction for taxes or any other purpose, but excluding any
bonus, fringe benefit or other form of remuneration.

         1.07. "Annual Incentive Compensation" means the annual incentive plan
cash compensation earned in the current Plan Year and payable in the subsequent
Plan Year.

         1.08. "Beneficiary" means the person, persons or entity designated in
writing by the Participant on forms provided by the Company to receive
distribution of certain death benefits under the Plan in the event of the
Participant's death. A Participant may change the designated Beneficiary from
time to time by filing a new written designation with the Committee, and such
designation shall be effective upon receipt by the Committee. The designation of
a Beneficiary other than the Participant's Spouse must be consented to in
writing by the Spouse. If a Participant has not designated a Beneficiary, or if
a designated Beneficiary is not living or in existence at the time of a
Participant's death, any death benefits payable under the Plan shall be paid to
the Participant's Spouse, if then living, and if the Participant's Spouse is not
then living, to the Participant's estate.

                                       2
<PAGE>   8

         1.09. "Benefit Agreement" means the benefit agreement described in
Section 9.01 relating to a Participant's commitment to defer Annual Base Salary,
as defined in Section 1.06, and/or Annual Incentive Compensation, as defined in
Section 1.07.

         1.10. "Board of Directors" means the MCN Board of Directors.

         1.11. "Code" means the Internal Revenue Code of 1986, as amended.

         1.12. "Committee" means the MCN Energy Group Inc. Master Trust,
Retirement and Savings Plan Committee. The Committee is responsible for the
administration of the Plan.

         1.13. "Company" means MCN Energy Group Inc., a Michigan corporation,
its successors and assigns, and any direct or indirect subsidiary of MCN which
has elected, with the consent of MCN, to participate in the Plan.

         1.14. "Deferral" means the portion of a Participant's Annual Base
Salary and/or Annual Incentive Compensation that has been deferred in accordance
with Section 2.03. Deferral amounts are retained by the Company as part of its
general assets.

         1.15. "Deferral Period" means the period beginning with the date of the
Participant's commencement of participation in the Plan and ending on the
earlier of

                  (a) the fifth Anniversary Date after such date; or

                  (b) the Participant's Retirement Date, as defined in Section
         1.29.

         1.16. "Disability" means the total and permanent inability, caused by
disease or bodily injury and originating after his designation as a Participant,
of an Executive to do substantially all the material duties of his regular job,
except that

                  (a) after such inability has continued for two years, such
         Executive shall be considered to be suffering Disability only if he
         cannot work for pay or profit at another job for which he is reasonably
         fitted by education, training or experience; and

                  (b) such Executive shall be considered to be suffering
         Disability only for those periods during which he is not working for
         pay or profit.

         1.17. "Effective Date" means January 1, 1990 and each January 1
thereafter.

         1.18 "ERISA" means the Employee Retirement Income Security Act of 1974,
as amended from time to time.

         1.19. "Executive" means a management or highly compensated employee of
the Company who has been specifically designated by the Chairman of the Board of
Directors to be eligible for Plan participation. Such an employee shall remain
an Executive so long as this

                                       3
<PAGE>   9

designation is not revoked by the Chairman of the Board of Directors. Upon such
revocation, the former Executive shall be entitled to receive only those
benefits which have been vested.

         1.20. "In Pay Status" means, with respect to a benefit under the Plan,
that a Participant or Beneficiary has met all of the requirements to receive
such benefit and it is being paid or is about to be paid to such Participant or
Beneficiary.

         1.21. "Leave" means any period during which an Executive who is
employed by the Company immediately prior to the commencement thereof is absent
from the Company pursuant to a leave of absence granted with the permission of
the Company.

         1.22. "Participant" means an Executive who has made a written election
to participate in the Plan in accordance with Section 2.01.

         1.23. "Pension Plan" means, with respect to a Participant, any
Company-sponsored qualified defined benefit plan under which the Participant is
eligible to participate.

         1.24. "Plan" means the MCN Energy Group Executive Deferred Compensation
Plan, as described herein and as hereafter amended.

         1.25. "Plan Interest Rate" means the interest rate for the latest
issue, as of the end of the previous month, of ten-year U.S. Treasury Notes, or
such other rate as set by the Chairman of the Board of Directors.

         1.26. "Plan Year" means the period beginning January 1 and ending
December 31 of each year (the calendar year).

         1.27. "Post-Retirement Survivor Benefit", as described in Section 7.01,
means the benefit payable to the Beneficiary of a Participant who dies after the
commencement of his Retirement Income Benefit.

         1.28. "Pre-Retirement Survivor Benefit", as described in Section 6.01,
means the benefit payable to the Beneficiary of a Participant who dies prior to
his Retirement Date.

         1.29. "Retirement Date" for a Participant covered by a Pension Plan
means any normal or early retirement date specified in the Pension Plan, as
defined in Section 1.23; and for a Participant covered by a Savings Plan, but
not covered by a Pension Plan, means any normal or early retirement date
specified in the Savings Plan, as defined in Section 1.31.

         1.30. "Retirement Income Benefit" means the retirement benefit
described in Section 5.

                                       4
<PAGE>   10

         1.31. "Savings Plan" means, with respect to a Participant, any Company
sponsored qualified defined contribution plan under which the Participant is
eligible to participate.

         1.32. "Social Security Wage Base" means the maximum amount of wages
subject to the old-age, survivor and disability portion of the Federal Insurance
Contributions Act tax.

         1.33. "Spouse" means an individual who is legally married to a
Participant under the laws of the state in which the Participant resides, on the
day immediately preceding the Participant's date of death.

                                    SECTION 2
                                  PARTICIPATION

         2.01. Commencement of Participation. An Executive shall become a
Participant hereunder upon execution of a Benefit Agreement by the Executive no
later than (i) the October 30 prior to its Effective Date, or (ii) 30 days after
an employee is designated an Executive. A properly executed Benefit Agreement
shall be effective on the earlier of (i) January 1 immediately following the
execution of the Benefit Agreement, or (ii) the first pay period that is 30 days
after the employee is designated an Executive, and shall contain the items
described in this Section and in Sections 5.01, 6.01 and 9.01. Subject to
Sections 2.02, 2.04 and 2.05, the deferral election made in a Benefit Agreement
shall be irrevocable.

         2.02. Deferrals. A Participant may continue to make the annual Deferral
provided under Section 2.03 with respect to his Benefit Agreement until his
designation as an Executive is revoked by the Chairman of the Board of
Directors, he terminates employment with the Company, he receives a hardship
withdrawal, or he revokes his Benefit Agreement after the completion of his
Deferral Period.

         2.03. Election of Deferral. A Participant shall elect in his Benefit
Agreement the annual Deferral that he will make for each Plan Year in which he
is a Participant, in multiples of $1,000 except for the $3,000 minimum. Such
annual Deferral shall not exceed 30% of Annual Base Salary and 100% of Annual
Incentive Compensation less the Federal Insurance Contributions Act tax on the
Annual Incentive Compensation and shall not be less than $3,000. An annual
Deferral of Annual Base Salary cannot reduce the Participant's Annual Base
Salary below the Social Security Wage Base for the Plan Year. An annual Deferral
of Annual Incentive

                                       5
<PAGE>   11

Compensation shall be stated as a flat amount and shall not be greater than 100%
of the Participant's current year Annual Incentive Compensation less the Federal
Insurance Contributions Act tax on the Annual Incentive Compensation. A
Participant's election shall be irrevocable during the Deferral Period, subject
to Sections 2.02, 2.04 and 2.05. After a Participant's Deferral Period is
completed, the Participant may elect on an annual basis, before October 30,
whether he wishes to make a Deferral for the following Plan Year.

         2.04. Forgo Deferral for a Plan Year. A Participant may elect, no later
than October 30 prior to its Effective Date, to forgo the Deferral for the
remainder of the Deferral Period. This election cannot be made for the first
year in the Deferral Period. If this election is made for a Plan Year, the
Participant shall not be permitted to participate in the Plan for the two-year
period beginning with the January 1 immediately following the election to forgo
the Deferral. If the Participant thereafter elects to participate in the Plan,
such Participant shall begin a new Deferral Period. If a Participant dies prior
to his Retirement Date while employed by the Company and during a period that an
election to forgo Deferral is in effect, the Participant's Beneficiary shall not
be entitled to the Pre-Retirement Survivor Benefit under Section 6.01, but shall
receive a lump sum distribution of an amount equal to the Participant's Account
balance as of the Participant's date of death. Such lump sum payment shall be
made not later than one hundred twenty (120) days after the Participant's date
of death.

         2.05. Increased Deferral. A Participant may elect to increase the
annual Deferral that he will make for each Plan Year in which he is a
Participant by filing a new Benefit Agreement to that effect with the Committee.
The amount of any such increase shall be in multiples of $1,000, and the
increased annual Deferral shall not exceed the limits set forth in Section 2.03.
Such election will be effective on the January 1 after the new Benefit Agreement
is filed with the Committee. A Participant's election to increase the amount
deferred in a Plan Year will not preclude the Participant from reducing the
increased deferral in subsequent Plan Years. However, in no event may the
Deferral in subsequent Plan Years of the Deferral Period be reduced to an amount
less than the original annual Deferral amount.

         2.06. Establishment of Account. The Committee shall establish an
Account for each Participant to which the Participant's Deferrals shall be
credited, interest in accordance with Section 3.02 shall be credited, the
Participant's account balance, if any, under the Incentive Plan shall be
credited, the Additional Pension Plan Benefit shall be credited, the Additional
Savings

                                       6
<PAGE>   12

Plan Benefit shall be credited, transfers from the MCN Energy Group Mandatory
Deferred Compensation Plan and MCN Energy Group Long-Term Incentive Plan shall
be credited and distributions shall be debited. A Participant's Deferrals shall
be credited to his Account as of the date the Deferral would have been paid to
the Participant. The Additional Pension Plan Benefit shall be credited to the
Participant's Account as of (i) the date of the Participant's retirement under
the qualified plan or other termination of employment for Participant's who have
the traditional benefit option under the Pension Plan, and (ii) each December 31
for Participant's who have the cash balance option under the Pension Plan. The
Additional Savings Plan Benefit shall be credited to the Participant's Account
as of the end of each month for which the Participant makes a Deferral under the
Plan. A Participant whose Account includes a transfer of assets from the
Incentive Plan shall be treated as having satisfied a year of the Deferral
Period for each of the Participant's years of participation in the deferral
portion of the Incentive Plan.

         2.07. Interaction with Other Plans. A Participant's Deferral may result
in a reduction of a Participant's benefit under the Pension Plan and the Savings
Plan due to restrictions imposed by the IRS on qualified plans. In order to
minimize the effect of this reduction, a Participant's Account shall be credited
with an Additional Pension Benefit and an Additional Savings Plan Benefit.

                                    SECTION 3
                               FUNDING OF BENEFITS

         3.01. Unfunded Plan. The Plan shall be unfunded. All benefits payable
under the Plan shall be paid from the Company's general assets. The Company
shall not be required to set aside or hold in trust any funds for the benefit of
a Participant or Beneficiary, who shall have the status of a general unsecured
creditor with respect to the Company's obligation to make benefit payments
pursuant to the Plan. Any assets of the Company available to pay Plan benefits
shall be subject to the claims of the Company's general creditors and may be
used by the Company in its sole discretion for any purpose.

         3.02. Interest. Interest shall be credited and compounded to each
Participant's Account, including that portion of the Account attributable to the
benefit described in Section

                                       7
<PAGE>   13
2.07, on the last day of each month during each Plan Year based upon the Plan
Interest Rate in effect for such Plan Year for so long as there remains an
Account balance.

                                    SECTION 4
                                CLAIMS PROCEDURE

         4.01. Benefit Claims Procedure. All applications for benefits under the
Plan shall be submitted to the Committee at the Company's principal place of
business. Applications for benefits must be in writing and must be signed by the
Participant or, in the case of a Pre-Retirement or Post-Retirement Survivor
Benefit, by the Beneficiary or legal representative of the deceased Participant.
In the event of a Participant's death, a certified copy of the death certificate
will be required by the Committee. The Committee reserves the right to require
that the Participant furnish proof of his age prior to processing any
application. Each application shall be acted upon and approved or disapproved
within ninety (90) days following its receipt by the Committee. In the event any
application for benefits is denied in whole or in part, the Committee shall
notify the applicant in writing of such denial and of his right to a review by
the Committee and shall set forth, in a manner calculated to be understood by
the applicant, specific reasons for such denial, specific references to
pertinent Plan provisions on which the denial is based, a description of any
additional material or information necessary for the applicant to perfect his
application, an explanation of why such material or information is necessary,
and an explanation of the Plan's review procedure.

         4.02. Appeals Procedure. Any person whose application for benefits is
denied in whole or in part may appeal such denial to the Committee by submitting
a written statement to the Committee within ninety (90) days after receiving
written notice from the Committee of the denial of the claim. A written
statement should:

                  (a)   request a review by the Committee of the application for
                        benefits;

                  (b)   set forth all of the grounds upon which the request for
                        review is based and any facts in support thereof; and

                  (c)   set forth any issues or comments that the applicant
                        deems pertinent to his application.

                                       8
<PAGE>   14

         The Committee shall regularly review appeals applications submitted to
it. The Committee shall act upon each appeal within sixty (60) days after
receipt of the applicant's request for review by the Committee.

         The Committee shall make a full and fair review of each such
application and any written materials submitted by the applicant or the Company
in connection therewith and may require the Company or the applicant to submit
such additional facts, documents, or other evidence as the Committee in its sole
discretion deems necessary or advisable in making such a review. On the basis of
its review, the Committee shall make an independent determination of the
applicant's eligibility for benefits under the Plan. The decision of the
Committee on any application for benefits shall be final and conclusive upon all
persons.

         In the event that the Committee denies an application in whole or in
part, the Committee shall give written notice of the Committee's decision to the
applicant setting forth, in a manner calculated to be understood by the
applicant, the specific reasons for such denial and specific references to the
pertinent Plan provisions on which the Committee's decision was based.

                                    SECTION 5
                           RETIREMENT INCOME BENEFITS

         5.01. Normal Retirement Benefit

                  (a) Each Participant who retires under the Pension or Savings
Plan on his Retirement Date shall be entitled to a Retirement Income Benefit
commencing on the first of the month following the month in which his Retirement
Date occurs. The Participant's Retirement Income Benefit shall be paid, in
accordance with the Participant's selection in his Benefit Agreement, either in
monthly payments over a period not less than one year and not more than 15
years, or as a lump sum distribution of the Participant's Account. The amount of
the monthly payments shall be calculated to pay out over the specified period
the entire balance in the Participant's Account as of his Retirement Date with
interest credited monthly on the declining balance at the Plan Interest Rate.
The Participant's Account shall continue to be credited monthly with interest at
the Plan Interest Rate and charged with the monthly payments to the Participant.
The amount of the monthly payments to the Participant shall be adjusted on
January

                                       9
<PAGE>   15

1 of each year to reflect changes in the Plan Interest Rate and other changes in
the Participant's Account balance.

                  (b) A Participant's payment election may be changed at any
time prior to being In Pay Status by the Participant submitting a new payment
election to the Committee. However, any change received by the Committee less
than twelve months prior to the Participant's Retirement Date shall post-pone
any distribution from the Plan until a period of twelve months has elapsed.

                  (c) Nothwithstanding the Participant's payment election, if a
Participant's Account is less than or equal to $5,000 as of the end of the
quarter in which his Retirement Date occurs, the Participant's Account shall be
paid in one lump sum.

                  (d) A Participant whose Deferral Period is less than five
years may accelerate his Deferrals so that the sum of the Deferrals at the end
of his Deferral Period is equal to five times his annual Deferral. This
acceleration shall be effective beginning with the Plan Year following the year
a new Benefit Agreement indicating an increased annual Deferral is filed with
the Committee. The Participant's Retirement Income Benefit shall be paid in
accordance with the Participant's selection in his Benefit Agreement.

         5.02. Termination Benefit.

                  (a) A Participant who terminates employment prior to
retirement shall receive payment of the Participant's Account balance in
accordance with the Participant's election on his Benefit Agreement, either in
monthly payments over three (3) years or as a lump sum distribution. If no
election is indicated on the Participant's Benefit Agreement for termination
benefits, the Participant's termination benefit shall be paid to him in monthly
payments over three (3) years beginning no later than one hundred twenty (120)
days after termination of employment or revocation of designation as an
Executive. The amount of the monthly payments shall be calculated to pay out
over the three-year period the entire balance in the Participant's Account as of
his Retirement Date with interest credited monthly on the declining balance at
the Plan Interest Rate. The Participant's Account shall continue to be credited
monthly with interest at the Plan Interest Rate and charged with the monthly
payments to the Participant. The amount of the monthly payments to the
Participant shall be adjusted on January 1 of each year to reflect changes in
the Plan Interest Rate and other changes in the Participant's Account balance.
After

                                       10
<PAGE>   16

receiving a termination benefit, neither the Participant, nor the Participant's
Beneficiary shall be entitled to any further benefit hereunder.

                  (b) A Participant's termination payment election may be
changed at any time prior to being In Pay Status by the Participant submitting a
new payment election to the Committee. However, any change received by the
Committee less than twelve months prior to the Participant's Retirement Date
shall post-pone any distribution from the Plan until a period of twelve months
has elapsed.

                  (c) Nothwithstanding the Participant's termination payment
election, if a Participant's Account is less than or equal to $5,000 as of the
end of the quarter in which his termination date occurs, the Participant's
Account shall be paid in one lump sum.

         5.03. Disability. A Participant who has suffered a Disability shall be
deemed to be an Executive during such period and shall continue to be eligible
for Retirement Income Benefits under Section 5.01 without reduction and
Pre-Retirement and Post-Retirement Survivor Benefits under Sections 6.01 and
7.01. If the Disability occurs within a Deferral Period, and the disabled
Participant is determined by the Committee to be totally and permanently
disabled prior to the completion of the Deferral Period, the Committee shall
excuse him from making additional Deferrals under the applicable Benefit
Agreement, or shall reduce the amount of his required Deferrals, but no amounts
shall be credited to his Account with respect to such excused or reduced
Deferral(s). For all other Plan purposes, a Participant whose Deferrals have
been excused shall be deemed to have made all required Deferrals during his
Deferral Period.

         5.04. Revocation of Designation as Executive. A Participant whose
designation as an Executive is revoked prior to the Participant's retirement,
death, termination or disability shall not be permitted to continue to make
Deferrals under the Plan subsequent to the date of such revocation. However, all
monies that are in the Participant's Account as of the date of revocation shall
continue to be deferred in such Account until the Participant's retirement,
death, termination or disability.

         5.04. Hardship Withdrawal Benefits. At any time prior to the
commencement of Retirement Income Benefits hereunder, a Participant may request
that the Committee make a distribution to him of all or part of his Account
balance within 120 days. Such distribution shall be made only if the Committee
determines that the Participant is suffering from a financial hardship that
cannot be satisfied from his normal sources of income, and the distribution
shall be

                                       11
<PAGE>   17

limited to the amount required to meet the financial hardship. In making these
determinations, the Committee shall utilize the regulations proposed or adopted
by the U.S. Department of Treasury pursuant to Section 401(k) of the Code and
the rules under the Savings Plan. A financial hardship shall be satisfied from
(i) the Plan; (ii) the Supplemental Savings Plan; (iii) the MCN Energy Group
Long-Term Incentive Performance Share Plan; and (iv) finally from the Savings
Plan. After receiving a hardship distribution, neither the Participant, nor his
Beneficiary shall be entitled to any Pre-Retirement Survivor Benefit hereunder
unless the Participant completes two years of participation after the hardship
distribution, in which event the Pre-Retirement Survivor Benefit shall be based
solely on Deferrals after the hardship distribution. If a Participant dies
during the two years of participation after the hardship distribution, the
Pre-Retirement Survivor Benefit shall be computed as provided in Section 6.01,
except that the projection forward shall include hypothetical annual Deferrals
equal to zero.

                                    SECTION 6
                        PRE-RETIREMENT SURVIVOR BENEFITS

         6.01. Pre-Retirement Survivor Benefit. Except as provided in Sections
2.04, 5.04 and 6.02, if a Participant dies prior to his Retirement Date while
employed by the Company, his Beneficiary shall be entitled to receive an amount
equal to the present value, at the Participant's date of death, of the
Participant's Account balance projected forward to his Normal Retirement Date.
This projection forward will be accomplished by crediting to his Account balance
as of his date of death the amount of a hypothetical Deferral equal to the
average of the Participant's annual Deferrals for the five years immediately
preceding the Participant's death for the year of the Participant's death and
for all subsequent years through and including the year in which the
Participant's Normal Retirement Date falls and crediting interest on the Account
balance and any subsequent hypothetical Deferrals at the Plan Interest Rate in
effect on his date of death in order to arrive at the projected value of his
Account balance as of the Participant's Retirement Date. If the Participant did
not participate in the Plan for five years preceding the year of death, the
average will be computed based on a numerator equal to the total deferral
election in effect for the Deferral Period in which death occurred and a
denominator equal to five. This projected Account balance then will be converted
to its present value on the Participant's date of death

                                       12
<PAGE>   18

using 70% of the ten-year U.S. Treasury Note interest rate on the latest date
such notes were issued before the Participant's date of death. The
pre-retirement survivor benefit shall be paid in accordance with the
Participant's selection in his Benefit Agreement, either in monthly payments
over a period not less than one year and not more than 15 years, or as a lump
sum distribution. The payment option selected by the Participant on his Benefit
Agreement may be changed at any time by the Participant submitting a new payment
selection to the Committee, but a change shall be effective only if it is
received by the Committee at least 12 months before payments under the Plan
commence.

         Notwithstanding the foregoing, the Chairman of the Board of Directors
may, at the time of declaring the Executive eligible, designate an Executive to
be eligible only for Retirement Income Benefits and not the Pre-Retirement
Survivor Benefit. In the event of such a designation, the beneficiary of such an
Executive shall not receive any Pre-Retirement Survivor Benefit under this
Section.

         6.02 Proof of Insurability. If a new Participant is uninsurable, or
does not cooperate in the application for life insurance, such Participant's
Beneficiary shall not be entitled to receive a Pre-Retirement Survivor Benefit
under Section 6.01. The Beneficiary of such a Participant shall receive a
distribution of an amount equal to the Participant's Account balance as of the
Participant's date of death. Such distribution shall be paid in accordance with
the Participant's selection on his Benefit Agreement, either in monthly payments
over a period not less than one year and not more than 15 years, or as a lump
sum distribution.

         If a Participant, who was insurable at the time participation in the
Plan commenced, elects to increase his Deferral, such increase shall not be
reflected in computing the Pre-Retirement Survivor Benefit under Section 6.01 if
the Participant became uninsurable prior to electing the increased Deferral or
does not cooperate in the application for life insurance.

         6.03. Exclusion for Suicide or Self-Inflicted Injury. Notwithstanding
any other provision of the Plan, no Pre-Retirement Survivor Benefits in excess
of a Participant's Account balance as of his date of death shall be paid to any
Participant or Beneficiary in the event the Participant dies as the result of
suicide or self-inflicted injury within two years after January 1 of the first
year of participation.

                                       13
<PAGE>   19

                                    SECTION 7
                        POST-RETIREMENT SURVIVOR BENEFITS

         The Beneficiary of a Participant who dies after commencement of his
Retirement Income Benefit shall be entitled to continue to receive the
Retirement Income Benefit payments being made to the Participant under Section
5.01 for the remainder of the period over which benefits were being paid to the
deceased Participant.

                                    SECTION 8
                               VESTING OF BENEFITS

         A Participant shall be 100% vested in his benefits under the Plan at
all times except as set forth in Sections 5.02, 6.01, 6.02, 6.03, 9.02, 9.03,
11.02, 11.03 and 11.04. A Participant shall rank as an unsecured creditor of the
Company for all benefits under the Plan.

                                    SECTION 9
                    ADDITIONAL PROVISIONS AFFECTING BENEFITS

         9.01. Benefit Agreement. The Committee shall provide to each Executive
a form of Benefit Agreement with respect to each Deferral Period for which the
Committee will permit the Executive to make Deferrals. The Benefit Agreement
shall set forth the Executive's acceptance of the benefits provided hereunder,
his agreement to be bound by the terms of the Plan, and such other matters as
are set forth in this Plan or deemed advisable by the Committee.

         9.02. Leave of Absence. An Executive who is on Leave, with or without
salary, for a period of not more than one year, shall be deemed to be an
Executive employed by the Company during such Leave. An Executive who is on
Leave without salary for a period in excess of one year shall forfeit his
Pre-Retirement Survivor Benefit and shall not be entitled to any Pre-Retirement
Survivor Benefit hereunder unless the Participant completes five years of
participation after such leave in which event the Pre-Retirement Survivor
Benefit shall be based solely on Deferrals after the Leave.

                                       14
<PAGE>   20

         9.03. Alternative Forms of Benefit. The Committee in its sole
discretion, at the written request of the recipient submitted to the Committee
no later than 12 months prior to the commencement of benefit distributions to
the recipient, may elect to pay the Participant, Spouse or Beneficiary an
actuarially equivalent lump-sum, annuity or other form of benefit that it deems
appropriate in lieu of the form of benefit otherwise provided in Sections 5, 6
or 7.

         9.04. Tax Withholding. Benefit payments hereunder shall be subject to
applicable federal, state or local tax withholding laws.

                                   SECTION 10
                           ADMINISTRATION OF THE PLAN

         10.01. Duties and Power. The Committee shall be responsible for the
general administration of the Plan and the proper execution of its provisions.
It shall also be responsible for the interpretation of the Plan and the
determination of all questions arising thereunder. It shall maintain all
necessary books of accounts and records. It shall have power to establish,
interpret, enforce, amend, and revoke, from time to time, such rules and
regulations for the administration of the Plan and the conduct of its business
as it deems appropriate, including the right to remedy ambiguities,
inconsistencies and omissions (provided such rules and regulations are uniformly
applied to all persons similarly situated). Any action that the Committee is
required or authorized to take shall be final and binding upon each and every
person who is or may become a Plan Participant or Beneficiary. The Committee may
amend this Plan to comply with changes to the Code, so long as the amendment
does not materially increase the cost of maintaining the Plan or change benefits
to Participants or Beneficiaries.

         10.02. Benefit Statements. No later than 120 days after the end of each
Plan Year, the Committee will provide each Participant with a statement setting
forth the Participant's Account balance as of the last day of the immediately
preceding Plan Year.

                                       15
<PAGE>   21

                                   SECTION 11
                     AMENDMENT, SUSPENSION, AND TERMINATION

         11.01. Right to Amend or Terminate. The Plan may be amended or
terminated by the Board of Directors at any time. Such amendment or termination
may modify or eliminate any benefit hereunder except that such amendment or
termination shall not affect the rights of Participants or Beneficiaries to the
vested portion of a Participant's Account as of the date of such amendment or
termination.

         11.02. Right to Suspend. If the Board of Directors determines that
payments under the Plan would have a material adverse affect on the Company's
ability to carry on its business, the Board of Directors may suspend such
payments temporarily for such time as in its sole discretion it deems advisable,
but in no event for a period in excess of one year. The Company shall pay such
suspended payments in a lump sum immediately upon the expiration of the period
of suspension.

         11.03. Non-ERISA Plan. The Plan is intended to provide benefits for "a
select group of management or highly compensated employees" within the meaning
of Sections 201, 301 and 401 of ERISA, and therefore to be exempt from Sections
2, 3 and 4 of Title 1 of ERISA. Accordingly, the Plan shall terminate and
existing Account balances and other benefits In Pay Status shall be paid in a
single, actuarially equivalent lump-sum and no further benefits, vested or
non-vested, shall be paid hereunder in the event it is determined by a court of
competent jurisdiction or by an opinion of counsel that the Plan constitutes an
employee pension benefit plan within the meaning of Section 3(2) of ERISA which
is not so exempt.

         11.04. Right to Accelerate. The Board of Directors in its sole
discretion may accelerate all vested benefits upon termination of the Plan, and
pay such benefits in a single, actuarially equivalent lump sum.

                                       16
<PAGE>   22

                                   SECTION 12

                                  MISCELLANEOUS

         12.01. Right to Continued Employment. Nothing in the Plan shall be
construed as giving any person employed by the Company the right to be retained
in the Company's employ. The Company expressly reserves the right to dismiss any
person at any time, with or without cause, without liability for the effect that
such dismissal might have upon him as a Participant in the Plan.

         12.02. Prohibition Against Alienation. Except as otherwise provided in
the Plan, no right or benefit under the Plan shall be subject in any manner to
anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or
charge, and any attempt to so anticipate, alienate, sell, transfer, assign,
pledge, encumber, or charge the same shall be void. No such right or benefit
shall be liable for or subject to the debts, contracts, liabilities,
engagements, or torts of the person entitled to such right or benefit.

         12.03. Sayings Clause. If any provision of this instrument shall be
finally held by a court of competent jurisdiction to be invalid or
unenforceable, the remaining provisions hereof shall continue to be fully
effective.

         12.04. Payment of Benefit of Incompetent. In the event the Committee
finds that a Participant, former Participant, or Beneficiary is unable to care
for his affairs because of his minority, illness, accident, or other reason, any
benefits payable hereunder may, unless other claim has been made therefor by a
duly appointed guardian, committee or other legal representative, be paid to a
spouse, child, parent, or other blood relative or dependent or to any person
found by the Committee to have incurred expenses for the support and maintenance
of such Participant, former Participant, or Beneficiary; and any such payments
so made shall be a complete discharge of all liability therefor.

         12.05. Spouse's Interest. The interest in the benefits hereunder of a
Spouse of a Participant who has predeceased the Participant shall automatically
pass to the Participant and shall not be transferable by such Spouse in any
manner including but not limited to such Spouse's will, nor shall such interest
pass under the laws of intestate succession.

                                       17

<PAGE>   23

         12.06. Successors. In the event of any consolidation, merger,
acquisition or reorganization of the Company, the obligations of the Company
under this Plan shall continue and be binding upon the Company and its
successors.

         12.07. Gender, Number and Heading. Whenever any words are used herein
in the masculine gender, they shall be construed as though they were also used
in the feminine gender in all cases where they would so apply. Whenever any
words used herein are in the singular form, they shall be construed as though
they were also used in the plural form in all cases where they would so apply.
Headings of sections and subsections as used herein are inserted solely for
convenience and reference and constitute no part of the Plan.

         12.08. Legal Fees and Expenses. The Company shall pay all legal fees
and expenses that a Participant may incur as a result of the Company contesting
the validity, enforceability, or the Participant's interpretation of, or
determinations under this Plan, other than Section 5.04.

         12.09. Choice of Law. This Plan shall be governed by and construed in
accordance with the laws of the State of Michigan to the extent not superseded
by applicable federal statutes or regulations.

         12.10. Affiliated Employees. An affiliate of the Company may adopt the
Plan, with the consent of the Company, in order to become a participating
employer under the Plan. A participating employer may withdraw from the Plan by
filing a notice with the Committee. Transfers of employment between
participating employers and the Company or other participating employers will be
treated as continuous and uninterrupted service under the Plan.

                                   SECTION 13

                          CHANGE IN CONTROL PROVISIONS

         13.01 General. In the event of a Change in Control, as defined in
Section 13.06, then, notwithstanding any other provision of the Plan, the
provisions of this Section 13 shall be applicable and shall supersede any
conflicting provisions of the Plan. For purposes of Section 13.06 only, the term
"Company" shall mean MCN Corporation, its successors and assigns.

         13.02 Transfer to Rabbi Trust. The Company has established a trust
pursuant to a Trust Agreement dated January 3, 1991 (the "Rabbi Trust"). The
terms of the Rabbi Trust

                                       18

<PAGE>   24

provide that, in the event of a Change in Control and thereafter, assets are to
be transferred to such Trust to provide benefits under the Plan. The Company
shall make all transfers of funds required by the Rabbi Trust in a timely manner
and shall otherwise abide by the terms of the Rabbi Trust.

         13.03 Lump Sum Payments. In a Change in Control situation, the Chairman
of MCN shall have the absolute discretion to direct that a lump sum payment be
made to a Participant up to the total value of such Participant's Account in the
year of the Change in Control if such payment will reduce the amount of any
potential excise tax imposed by Code Section 4999.

         13.04 Joint and Several Liability. Upon and at all times after a Change
in Control, the liability under the Plan of the Company and each Affiliated
Employer that has adopted the Plan shall be joint and several so that the
Company and each such Affiliated Employer shall each be liable for all
obligations under the Plan to each employee covered by the Plan, regardless of
the corporation by which such employee is employed.

         13.05 Dispute Procedures. In the event that, upon or at any time
subsequent to a Change in Control, a claim for benefits under the Plan of a
Participant or Beneficiary who has exhausted the claims and appeals procedures
set forth in Section 4.01 and 4.02 is denied in whole or in part, the following
additional procedures shall be applicable:

                  (a) Any amount that is not in dispute shall be paid to the
Participant or Beneficiary at the time or times provided herein.

                  (b) The Company shall advance to such claimant from time to
time such amounts as shall be required to reimburse the claimant for reasonable
legal fees, costs and expenses incurred by such claimant in seeking a judicial
resolution of his or her claim, including reasonable fees, costs and expenses
relating to appeals; provided, however, that the Company shall not be obligated
to advance to the claimant any amounts under this Section 13.04(b) unless and
until the claimant agrees in writing to repay to the Company, immediately upon
the occurrence of a final judicial determination with respect to such dispute,
any amount of such fees, costs and expenses that is not awarded to such claimant
in a final order of a court of competent jurisdiction.

                                       19

<PAGE>   25

         13.06 Definition of Change in Control. A "Change of Control" means:

                  (a) The acquisition by any individual, entity or group (within
the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of
1934, as amended (the "Exchange Act")) (a "Person") of beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or
more of either (i) the then outstanding shares of common stock of the Company
(the "Outstanding Company Common Stock") or (ii) the combined voting power of
the then outstanding voting securities of the Company entitled to vote generally
in the election of directors (the "Outstanding Company Voting Securities");
provided, however, that the following acquisition shall not constitute a Change
of Control: (A) any acquisition directly from the Company (excluding an
acquisition by virtue of the exercise of a conversion privilege), (B) any
acquisition by the Company, (C) any acquisition by any employee benefit plan (or
related trust) sponsored or maintained by the Company or any corporation
controlled by the Company or (D) any acquisition by any corporation pursuant to
a reorganization, merger or consolidation, if, following such reorganization,
merger or consolidation, the conditions described in clauses (i), (ii) and (iii)
of subsection (c) of this Section 13.06 are satisfied; or

                  (b) Individuals who, as of the date hereof, constitute the
Board (the "Incumbent Board") cease for any reason to constitute at least a
majority of the Board; provided, however, that any individual becoming a
director subsequent to the date hereof whose election, or nomination for
election by the Company's shareholders, was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board shall be
considered as though such individual were a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial assumption of
office occurs as a result of either an actual or threatened election contest (as
such terms are used in Rule 14a-11 of Regulation 14A promulgated under the
Exchange Act) or other actual or threatened solicitation of proxies or consents
by or on behalf of a Person other than the Board; or

                  (c) Approval by the shareholders of the Company of a
reorganization, merger or consolidation, in each case, unless, following such
reorganization, merger or consolidation, (i) more than 60% of, respectively, the
then outstanding shares of common stock of the corporation resulting from such
reorganization, merger or consolidation and the combined voting power of the
then outstanding voting securities of such corporation entitled to vote
generally in the election of directors is then beneficially owned, directly or
indirectly, by all or substantially all of

                                       20

<PAGE>   26

the individuals and entities who were the beneficial owners, respectively, of
the Outstanding Company Common Stock and Outstanding Company Voting Securities
immediately prior to such reorganization, merger or consolidation in
substantially the same proportions as their ownership, immediately prior to such
reorganization, merger or consolidation, of the Outstanding Company Common Stock
and Outstanding Company Voting Securities, as the case may be, (ii) no Person
(excluding the Company, any employee benefit plan or related trust) of the
Company or such corporation resulting from such reorganization, merger or
consolidation and any Person beneficially owning, immediately prior to such
reorganization, merger or consolidation, directly or indirectly, 20% or more of
the Outstanding Company Common Stock or Outstanding Voting Securities, as the
case may be, beneficially owns, directly or indirectly, 20% or more of,
respectively, the then outstanding shares of common stock of the corporation
resulting from such reorganization, merger or consolidation or the combined
voting power of the then outstanding voting securities of such corporation
entitled to vote generally in the election of directors and (iii) at least a
majority of the members of the board of directors of the corporation resulting
from such reorganization, merger or consolidation were members of the Incumbent
Board at the time of the execution of the initial agreement providing for such
reorganization, merger or consolidation; or

                  (d) Approval by the shareholders of the Company of (i) a
complete liquidation or dissolution of the Company or (ii) the sale or other
disposition of all or substantially all of the assets of the Company, other than
to a corporation, with respect to which following such sale or other
disposition, (A) more than 60% of, respectively, the then outstanding shares of
common stock of such corporation and the combined voting power of the then
outstanding voting securities of such corporation entitled to vote generally in
the election of directors is then beneficially owned, directly or indirectly, by
all or substantially all of the individuals and entities who were the beneficial
owners, respectively, of the Outstanding Company Common Stock and Outstanding
Company Voting Securities immediately prior to such sale or other disposition in
substantially the same proportion as their ownership, immediately prior to such
sale or other disposition, of the Outstanding Company Common Stock and
Outstanding Company Voting Securities, as the case may be, (B) no Person
(excluding the Company and any employee benefit plan (or related trust) of the
Company or such corporation and any Person beneficially owning, immediately
prior to such sale or other disposition, directly or indirectly, 20% or more of
the Outstanding Company Common Stock or Outstanding

                                       21

<PAGE>   27

Company Voting Securities, as the case may be beneficially owns, directly or
indirectly, 20% or more of, respectively, the then outstanding shares of common
stock of such corporation and the combined voting power of the then outstanding
voting securities of such corporation entitled to vote generally in the election
of directors and (C) at least a majority of the members of the board of
directors of such corporation were members of the Incumbent Board at the time of
the execution of the initial agreement or action of the Board providing for such
sale or other disposition of assets of the Company.

         IN WITNESS WHEREOF, MCN Corporation has caused this Plan to be executed
as of this 28th day of February 2001.

                                MCN Energy Group Inc.

                                 By:
                                     --------------------------------
                                     Daniel L. Schiffer, Senior Vice President,
                                     General Counsel and Secretary

                                       22
<PAGE>   28

                                MCN ENERGY GROUP

                      EXECUTIVE DEFERRED COMPENSATION PLAN

                             DEFERRAL ELECTION FORM

<TABLE>
<S><C>
================================================================================================================================
Employee Name                                        | Social Security No.                                | I.D. Number

--------------------------------------------------------------------------------------------------------------------------------
Address (Number/Street)                     | City                     | State          | Zip Code

================================================================================================================================
</TABLE>

In accordance with the terms of the MCN Energy Group Executive Deferred
     Compensation Plan ("Plan") which is hereby incorporated by reference, I
     hereby accept and agree to all the provisions of the Plan and irrevocably
     elect pursuant to Section 2 of the Plan to defer a portion of my
     compensation as indicated below.

     Amount to be Deferred

     I designate the following amounts to be deferred under the terms of the
     Plan:

     $       .00  Annual Incentive Compensation (up to a maximum of 100% of the
      ----------  current year's target Annual Incentive Compensation less the
                  applicable FICA tax)

     $       .00  Annual Base Salary (a minimum required deferral of $3,000
      ----------  up to a maximum of 30% of Annual Base Salary in $1,000
                  increments, but in no event may Annual Base Salary be reduced
                  below the Social Security Wage Base)

     Payment Election

          That the amount deferred shall be paid to me after termination of my
          employment with the Company and its subsidiaries by reason of
          retirement, disability, or death, in the manner specified below:

                  Lump-sum payment
          ----
                  Payment in monthly installments over       years (in one
          ----    year increments, not to exceed 15 years)

     I understand that, in addition to the above payment, I may be eligible for
     a hardship withdrawal pursuant to Section 5 of the Plan.

     Termination Election

          That the amount deferred shall be paid to me after termination of my
          employment with the Company and its subsidiaries for any reason, other
          than retirement, disability or death, or after my designation as an
          Executive is revoked, in the manner specified below:

                  Lump-sum payment
          ----

<PAGE>   29

                  Payment in monthly installments over 3 years.
          ----
<TABLE>
<S><C>
================================================================================================================================
Employee Signature                                                                               | Date

--------------------------------------------------------------------------------------------------------------------------------
Receipt Acknowledged By                              | Title                    | Date

================================================================================================================================
</TABLE>

      Revised July 28, 1998

<PAGE>   30

                                MCN ENERGY GROUP

                      EXECUTIVE DEFERRED COMPENSATION PLAN

                          BENEFICIARY DESIGNATION FORM

<TABLE>
<S><C>
================================================================================================================================
Employee Name                       | Social Security No.                               | I.D. Number

--------------------------------------------------------------------------------------------------------------------------------
Address (Number/Street)                     | City                     | State          | Zip Code

================================================================================================================================
         I HEREBY DESIGNATE, PURSUANT TO SUBSECTION 1.06 OF THE ABOVE-REFERENCED
         PLAN, THE BELOW DESIGNATED PERSON(S) AS MY BENEFICIARY IN THE EVENT OF
         MY DEATH:

--------------------------------------------------------------------------------------------------------------------------------
 BENEFICIARY'S NAME        | ADDRESS

--------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------

================================================================================================================================

         IN THE EVENT ANY OF THE ABOVE-NAMED BENEFICIARIES SHOULD PREDECEASE ME,
         OR SHALL SURVIVE ME BUT DIE BEFORE RECEIVING ALL AMOUNTS TO BE PAID, I
         HEREBY NAME THE FOLLOWING AS A CONTINGENT BENEFICIARY TO RECEIVE ANY
         SUCH UNPAID AMOUNTS:

--------------------------------------------------------------------------------------------------------------------------------
 BENEFICIARY'S NAME        | ADDRESS

--------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------

--------------------------------------------------------------------------------------------------------------------------------

================================================================================================================================
         IN THE EVENT NONE OF THE ABOVE-NAMED BENEFICIARIES SURVIVE ME, ANY
         UNPAID AMOUNTS SHALL BE PAID TO MY LAWFUL SUCCESSOR IN INTEREST. I
         RESERVE THE RIGHT TO CHANGE THIS BENEFICIARY DESIGNATION AT ANY TIME BY
         FILING WITH THE COMMITTEE OR ITS DESIGNEE A NEW BENEFICIARY DESIGNATION
         FORM.

         I UNDERSTAND THAT MY MOST RECENT ELECTION AS TO THE BENEFICIARY
         DESIGNATION WILL APPLY TO ALL AWARD AMOUNTS DEFERRED BY ME AT ANY TIME.

--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>   31
<TABLE>
<S><C>

Employee Signature                                                                               | Date
--------------------------------------------------------------------------------------------------------------------------------
Receipt Acknowledged By                              | Title                    | Date

================================================================================================================================
</TABLE>

<PAGE>   32

                                       MCN

                      EXECUTIVE DEFERRED COMPENSATION PLAN

                              HISTORICAL BACKGROUND

01/01/90      MCN Corporation adopts Plan effective 01/01/90.

02/28/90      MCN Corporation Minutes of Regular Meeting of Board of Directors
              approved an amendment that provides for new definitions of "Cause"
              and "Change in Control" (Section 13).

05/06/92      MCN Corporation Minutes of Regular Meeting of Board of Directors
              approved new Section 1.29, "Social Security Wage Base", effective
              01/01/91; new Section 2.03, "Election of Deferral", effective
              01/01/92; and amended Section 2.09, "Interaction With Other
              Plans", effective 08/01/91; new sentence at the end of Section
              10.01 Administration of the Plan "Duties and Power" effective
              06/01/92.

08/15/92      Plan restated.

07/27/95      MCN Corporation Minutes of Regular Meeting of Board of Directors
              approved the Plan restatement to reflect the fact that not all
              participants [those employed by Genix] are participants in
              MichCon's Pension Plan. The Plan was amended to continue to cover
              employees of MCN who are not part of the Pension Plan.

02/22/96      MCN Corporation Minutes of Regular Meeting of Board of Directors
              approved the Plan restatement effective 1/1/96 to reflect the fact
              an election to defer a bonus amount must be stated in a flat
              dollar amount not to exceed the current year's target bonus. This
              change will enable the Plan Administrator to project the amount of
              the deferral with more certainty for purposes of purchasing
              insurance to fund the benefit that will ultimately be paid. The
              Plan was amended to permit a participant to elect out of the Plan
              after the first year of participation. Certain consequences were
              attached to such election to encourage continued participation.
              The Plan was amended to clarify that if a participant elects to
              increase the amount of an annual deferral, that subsequent
              deferrals may be reduced. However, such reduction may not reduce
              subsequent deferrals to an amount less than the amount of the
              original deferral. The Plan was amended to provide that the
              additional pension benefit and additional savings plan benefit
              will be credited to the participant's account balance. This will
              eliminate confusion as to when those benefits must be paid. The
              Plan was amended to provide participants with the option to elect
              to have termination benefits paid out over a three-year period or
              as a lump sum. If no election is made, termination benefits will
              be paid in monthly installments over three years beginning no
              later than

<PAGE>   33
              120 days after termination of employment. The Plan was amended to
              clarify the computation of the pre-retirement survivor benefit.
              The Plan was amended to add a provision requiring proof of
              insurability. The Plan was amended to clarify that the change of
              control provisions relate to the change of control of MCN
              Corporation.

              These amendments are reflected in Section 1.01, "Account"; the
              addition of Sections 1.02, "Additional Pension Plan Benefit" ,
              1.03, "Additional Savings Plan Benefit", and 1.04, (Affiliated
              Employer"; the amendments to Sections 2.01, "Commencement of
              Participation" and 2.03, "Election of Deferral"; the deletion of
              Section 2.04, "Acceleration of Deferral"; the amendment of Section
              2.05, "Forgo Deferral for a Plan Year" and redesignation as
              Section 2.04; the deletion of Section 2.06, "Revocation of
              Deferral"; the amendment and redesignation of Section 2.07 to
              2.05, "Increased Deferral"; the amendment and redesignation of
              Section 2.08 to 2.06, "Establishment of Account"; the amendment
              and redesignation of Section 2.09 to 2.07, "Interaction with Other
              Plans"; amendments to Sections 5.02 "Termination Benefit", 5.04,
              "Hardship Withdrawal Benefits" and 6.01, "Pre-Retirement Survivor
              Benefit"; the addition of new Section 6.02, Proof of
              Insurability"; the redesignation of prior 6.02 to Section 6.03;
              and the amendment to Section 13.01, "General".

08/27/98      MCN Energy Group Inc. Minutes of Regular Meeting of Board of
              Directors approved the Plan amendment and restatement effective
              January 1, 1998, to reflect the change of the Company's name to
              MCN Energy Group Inc and the name of the plan to the MCN Energy
              Group Executive Deferred Compensation Plan.

              Section 1.12 was amended to change the name of the Committee from
              "the Savings Plan Committee under the MichCon Savings and Stock
              Ownership Plan" to the " MCN Energy Group Inc. Master Trust,
              Retirement and Savings Plan Committee."

              Section 2.01 is amended to add that an Executive may become a
              Participant no later than 30 days after he is designated an
              Executive.

              Section 2.06 is amended to revise the third sentence to read as
              shown. Prior to amendment, the sentence read as follows:

                  The Additional Pension Plan Benefit shall be credited to the
                  Participant's Account as of the date of the Participant's
                  retirement under the qualified plan or other termination of
                  employment.

              Section 2.07 was amended to read as shown. Prior to amendment,
              Section 2.07 read as follows:

<PAGE>   34

                  Interaction with Other Plans. The deferral of Annual Base
                  Salary (but not Annual Incentive Compensation) may result in a
                  reduction of a Participant's benefit under the Pension Plan
                  and the Savings Plan due to restrictions imposed by the IRS on
                  qualified plans. In order to minimize the effect of this
                  reduction, a Participant's Account shall be credited with an
                  Additional Pension Benefit and an Additional Savings Plan
                  Benefit.

              This amendment was necessary due to the addition of bonuses to the
              definition of compensation for purposes of Retirement Plan and
              Savings Plan computations for Cash Balance Participants.

              Sections 5.01 and 6.01 were amended to eliminate the restriction
              on monthly payments of 5, 10, or 15 years and permit monthly
              payments over a period of any number of years from one to 15 and
              to permit a change in payment option if made at least 12 (as
              opposed to 36) months prior to the start of payments under the
              Plan.

              Section 6.02 was amended to reflect the availability of annual
              payments over a period of one to 15 years.

              Section 9.03 was amended to permit a change in payment option if
              made at least 12 (as opposed to 36) months prior to the start of
              payments under the Plan.

12/15/99      MCN Energy Group Inc. Minutes of Regular Meeting of Board of
              Directors approved the Plan amendment and restatement effective
              December 15, 1999, to reflect the following changes:

              Section 1.01 was amended to add "transfers from the MCN Energy
              Group Mandatory Deferred Compensation Plan and MCN Energy Group
              Long-Term Incentive Plan" after "Additional Savings Plan Benefit."

              Section 2.06 is amended to add "transfers from the MCN Energy
              Group Mandatory Deferred Compensation Plan and MCN Energy Group
              Long-Term Incentive Plan shall be credited" before "and
              distributions shall be debited" in the first sentence.

              Sections 13.03, 13.04 and 13.05 were redesignated as Sections
              13.04, 13.05 and 13.06, respectively. A new Section 13.03, Lump
              Sum Payments, was added to read as shown.

2/28/01       The MCN Energy Group Board of Directors approved the Plan
              amendment and restatement effective February 28, 2001, to reflect
              the following changes:

<PAGE>   35

              Section 5.01(a) was amended to read as shown. Prior to such
              amendment, Section 5.01(a) read as follows:

                      (a) Each Participant who retires under the Pension or
              Savings Plan on his Retirement Date after the completion of his
              Deferral Period shall be entitled to a Retirement Income Benefit
              commencing on the first of the month following the month in which
              his Retirement Date occurs. The Participant's Retirement Income
              Benefit shall be paid, in accordance with the Participant's
              selection in his Benefit Agreement, either in monthly payments
              over a period not less than one year and not more than 15 years,
              or as a lump sum distribution of the Participant's Account. The
              payment option selected by the Participant on his Benefit
              Agreement may be changed at any time by the Participant by
              submitting a new payment selection to the Committee, but a change
              shall be effective only if it is received by the Committee at
              least 12 months before payments under the Plan commence. The
              amount of the monthly payments shall be calculated to pay out over
              the specified period the entire balance in the Participant's
              Account as of his Retirement Date with interest credited monthly
              on the declining balance at the Plan Interest Rate. The
              Participant's Account shall continue to be credited monthly with
              interest at the Plan Interest Rate and charged with the monthly
              payments to the Participant. The amount of the monthly payments to
              the Participant shall be adjusted on January 1 of each year to
              reflect changes in the Plan Interest Rate and other changes in the
              Participant's Account balance.

              Section 5.01(b) was deleted in its entirety and replaced with a
              new Section 5.01(b). Prior to its deletion, the prior Section
              5.01(b) read as follows:

                      (b) Each Participant who retires under the Pension Plan or
              Savings Plan on his Retirement Date prior to the completion of his
              Deferral Period shall receive a lump sum distribution in an amount
              equal to the Participant's Account balance on his

<PAGE>   36

              Retirement Date. Such distribution shall be made no later than one
              hundred twenty (120) days after the Participant's Retirement Date.

              A new Section 5.01(c) was inserted to read as shown and the prior
              Section 5.01(c) was redesignated as Section 5.01(d). In addition,
              the phrase "Notwithstanding subparagraph (b) above" was deleted
              from the beginning of the first sentence of the new Section
              5.01(d).

              Section 5.02 was amended to include Subsections 5.02(a), (b) and
              (c) as shown. Prior to amendment, Section 5.02 read as follows:

              5.02.   Termination Benefit.

                           (a) A Participant who terminates employment prior to
              retirement or whose designation as an Executive is revoked shall
              receive payment of the Participant's Account balance in accordance
              with the Participant's election on his Benefit Agreement, either
              in monthly payments over three (3) years or as a lump sum
              distribution. If no election is indicated on the Participant's
              Benefit Agreement for termination benefits, the Participant's
              termination benefit shall be paid to him in monthly payments over
              three (3) years beginning no later than one hundred twenty (120)
              days after termination of employment or revocation of designation
              as an Executive. The termination benefit selected by the
              Participant on his Benefit Agreement may be changed at any time by
              the Participant by submitting a new termination election to the
              Committee, but a change shall be effective only if it is received
              by the Committee at least 12 months before payments under the Plan
              commence. The amount of the monthly payments shall be calculated
              to pay out over the three-year period the entire balance in the
              Participant's Account as of his Retirement Date with interest
              credited monthly on the declining balance at the Plan Interest
              Rate. The Participant's Account shall continue to be credited
              monthly with

<PAGE>   37

              interest at the Plan Interest Rate and charged with the monthly
              payments to the Participant. The amount of the monthly payments to
              the Participant shall be adjusted on January 1 of each year to
              reflect changes in the Plan Interest Rate and other changes in the
              Participant's Account balance. After receiving a termination
              benefit, neither the Participant, nor the Participant's
              Beneficiary shall be entitled to any further benefit hereunder.

              A new Section 5.04 was added to read as shown.

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