Document:

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                                                                    Exhibit 10.1

                        NISOURCE CORPORATE INCENTIVE PLAN

1.    PURPOSE.

      NiSource Inc. ("Company") established the NiSource Corporate Incentive
Plan ("Plan") to provide additional compensation for employees who influence the
profitability of the Company and its affiliates (individually, "Employer" and
collectively, "Employers").

2.    ADMINISTRATION.

      The Plan is administered by the Officer Nomination and Compensation
Committee ("Committee") of the Board of Directors of the Company ("Board"),
which, subject to action of the Board, has complete discretion and authority
with respect to the Plan and its application, except to the extent that
discretion is expressly limited by the Plan.

3.    ELIGIBILITY FOR PARTICIPATION.

      The participating group of employees ("Participants") under the Plan is
comprised of exempt and non-exempt employees of the Company and its affiliates,
excluding any employee who has received a last chance letter, final notice
letter or equivalent during the Plan year, certain exempt employees who
participate in other specialized functional incentive plans and bargaining unit
employees of Kokomo Gas and Fuel Company. The Committee, in its sole discretion,
shall determine each calendar year the identity of the Participants. The
Committee may add additional employees, and remove employees, as Participants
during each calendar year.

      Notwithstanding the previous paragraph, an employee described above shall
be a "Limited Participant" if he or she has received a suspension without pay
during the Plan year. Any Participant not covered under the preceding sentence
is a "Full Participant."

4.    DETERMINATION OF INCENTIVE PAYMENT.

      The incentive payment calculation is shown on Exhibit I attached hereto.
The Plan is predicated on establishing an incentive pool based on achievement by
the Company of a financial trigger, as shown on Exhibit I, for the applicable
calendar year, up to a maximum incentive pool established by the Committee. If
the financial trigger is met or exceeded for a calendar year, an incentive pool
is created for such calendar year. Each Participant's incentive payment from the
incentive pool will be based on such Participant's status (i.e., exempt or
non-exempt, Employer and job scope level) as of December 31 of the calendar year
on which the incentive payment is based.

         The incentive payment for a Participant who is an exempt employee is
divided into two parts. The first part will be calculated based on a formula set
forth in Exhibit I. The remainder of the Participant's potential incentive
payment is drawn from a portion of the incentive pool ("Division Pool")
allocated to the Participant's manager, in the discretion of the Executive
Council of the Company ("Executive Council"), and allocated by such manager
among the Participants supervised by the manager. The amount of the Division
Pool will be determined by

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the Executive Council based on the performance of the applicable business unit.
The allocation of the Division Pool among the Participants in the business unit
will be determined by the manager of such business unit based on individual
performance of each Participant in the business unit. The discretion exercised
by the Executive Council and each manager in this respect is conclusive.

      The incentive payment for a Participant who is a non-exempt employee will
be awarded to the Participant on a calculated, formula basis set forth in
Exhibit I.

      Any Participant who terminates employment with the Employers and their
affiliates due to death, disability or retirement, pursuant to an Employer's
qualified retirement plan, during a calendar year will be deemed a Participant
on December 31 of such calendar year, and will receive a prorated calculated
incentive payment for such year based on his or her Eligible Earnings as
determined pursuant to Exhibit I, through the date of termination of employment.

5.    DISTRIBUTION OF THE INCENTIVE PAYMENT.

      The elements of each incentive payment, namely, (1) the calculated
incentive payment amount and (2) the discretionary incentive payment amount, if
applicable, are distributable to the Participant, or his or her beneficiary, in
cash in a single sum as soon after the end of the applicable calendar year as
practicable, in the same manner as payroll.

6.    CONTINUITY OF THE PLAN.

      Although it is the present intention of the Company to continue the Plan
in effect for an indefinite period of time, the Company reserves the right to
terminate the Plan in its entirety as of the end of any calendar year or to
modify the Plan as it exists from time to time, provided that no such action
shall adversely affect any incentive payment amounts previously earned in a
preceding calendar year under the Plan.

7.    NOTICES.

      Any notice required or permitted to be given by the Company or the
Committee pursuant to the Plan shall be deemed given when personally delivered
or deposited in the United States mail, registered or certified, postage
prepaid, addressed to the Participant, his or her beneficiary, executors,
administrators, successors, assigns or transferees, at the last address shown
for the Participant on the records of the Company or subsequently provided in
writing to the Company.

8.    WITHHOLDING.

      The Company may withhold from any incentive payment under the Plan amounts
sufficient to satisfy applicable withholding requirements under any federal,
state or local law, and deductions as may be required pursuant to agreement
with, or with the consent of, a Participant, including any elective deferrals
under the NiSource Inc. Retirement Savings Plan and the NiSource Inc. Executive
Deferred Compensation Plan.

                                       2
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9.    MISCELLANEOUS PROVISIONS.

      (a)   No incentive payment under the Plan shall be subject in any manner
to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or
charge prior to actual receipt thereof by the payee; and any attempt to so
anticipate, alienate, sell, transfer, assign, pledge, encumber or charge prior
to such receipt shall be void; and the Company shall not be liable in any manner
for or subject to the debts, contracts, liabilities, engagements or torts of any
person entitled to any incentive payment under the Plan.

      (b)   Nothing contained herein will confer upon any Participant the right
to be retained in the service of an Employer or any affiliate thereof nor limit
the right of an Employer or any subsidiary thereof to discharge or otherwise
deal with any Participant without regard to the existence of the Plan.

      (c)   The Plan shall at all times be entirely unfunded and no provision
shall at any time be made with respect to segregating assets of an Employer or
any affiliate thereof for payment of any incentive payments hereunder. No
Participant or any other person shall have any interest in any particular assets
of an Employer or any affiliate thereof by reason of the right to receive an
incentive payment under the Plan and any such Participant or any other person
shall have only the rights of a general unsecured creditor of an Employer or any
affiliate thereof with respect to any rights under the Plan.

      (d)   Any portion of the incentive pool not allocated to Participants for
a given calendar year shall remain a general asset of the Company.

10.   GOVERNING LAW.

      The provisions of the Plan shall be construed and interpreted according to
the laws of the State of Indiana, except as preempted by federal law.

      IN WITNESS WHEREOF, the Company has caused the Plan to be executed in its
name by its duly authorized officer this 16th day of July, 2004, effective as of
the 1st day of January, 2004.

                                                    NISOURCE INC.

                                                    By: /s/ Steven A. Barkauskas
                                                    ----------------------------

                                       3
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                                    EXHIBIT I

                           2004 INCENTIVE CALCULATION

Financial trigger:      Basic earnings per share from continuing operations
                        ("EPS") of $1.65 as of December 31, 2004, after
                        accounting for the cost of the incentive pool.
                        Therefore, EPS must be higher than $1.65 in order for an
                        incentive pool to be established.

Incentive pool:         Any earnings above the financial trigger may, in the
                        discretion of the Committee, fund the incentive pool.

Eligible Earnings:      Actual base earnings in 2004 plus all shift premiums and
                        overtime pay. (Reimbursements for educational
                        assistance,relocation, meals, mileage, incentive
                        payments, and long-term disability payments are not
                        included in base earnings.)

Payout Percentage:      Each Participant will be given an incentive opportunity
                        range, from trigger to maximum, during February 2004 and
                        will be assigned his or her Payout Percentage as soon as
                        practicable after the release of 2004 Company earnings.

Incentive Payment:      (a) Each Full Participant who is a non-exempt employee
                          will receive his or her incentive payment from the
                          incentive pool as a fixed percentage of his or her
                          Eligible Earnings, according to the following formula:

                          Non-Exempt Employee Incentive Payment = Eligible
                          Earnings x Payout Percentage

                        (b) Each Full Participant who is an exempt employee will
                          receive his or her incentive payment from the
                          incentive pool partly from the formula set forth below
                          and partly as a discretionary payment, as described in
                          the Plan.

                          Exempt Employee Incentive Payment = Eligible Earnings
                          x Payout Percentage x 66-2/3% + discretionary payment,
                          if any

                        (c) Each Limited Participant will receive 50% of the
                          amount calculated in paragraph (a) or (b) above, as
                          applicable.

                                        4<PAGE>

                                                                    Exhibit 10.2

                            PENSION RESTORATION PLAN

                        FOR NISOURCE INC. AND AFFILIATES

                AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2004

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                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                      PAGE
                                                                                      ----
<S>               <C>                                                                 <C>
ARTICLE I             PURPOSE....................................................      1

ARTICLE II            DEFINITIONS................................................      2

         2.1      Affiliated Company.............................................      2

         2.2      Basic Plan.....................................................      2

         2.3      Code...........................................................      2

         2.4      Committee......................................................      2

         2.5      Company........................................................      2

         2.6      DCP............................................................      2

         2.7      Employee.......................................................      2

         2.8      Employer.......................................................      2

         2.9      ERISA..........................................................      3

         2.10     Limits.........................................................      3

         2.11     Participant....................................................      3

         2.12     Plan...........................................................      3

ARTICLE III           PARTICIPATION IN PLAN......................................      3

ARTICLE IV            AMOUNT OF BENEFIT..........................................      3

         4.1      Participants Before January 1, 2004............................      3

         4.2      Participants On or After January 1, 2004.......................      4

ARTICLE V             TIME AND METHOD OF PAYMENT.................................      5

         5.1      Method of Payment..............................................      5

         5.2      Timing of Payment..............................................      6

         5.3      Committee Approval.............................................      6

         5.4      Interest and Mortality Assumptions.............................      6

ARTICLE VI            ADMINISTRATION OF PLAN.....................................      7

ARTICLE VII           COMPANY'S RIGHTS TO AMEND OR TERMINATE PLAN................      7

ARTICLE VIII          MISCELLANEOUS PROVISIONS...................................      7
</TABLE>

                                      -i-

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<TABLE>
<S>               <C>                                                                 <C>
         8.1      Definitions....................................................      7

         8.2      Unsecured General Creditor.....................................      7

         8.3      Income Tax Payout..............................................      8

         8.4      General Conditions.............................................      8

         8.5      No Guaranty of Benefits........................................      9

         8.6      No Enlargement of Employee Rights..............................      9

         8.7      Spendthrift Provision..........................................      9

         8.8      Applicable Law.................................................     10

         8.9      Incapacity of Recipient........................................     10

         8.10     Unclaimed Benefit..............................................     10

         8.11     Limitations on Liability.......................................     10

         8.12     Claims Procedure...............................................     11
</TABLE>

                                      -ii-

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                            PENSION RESTORATION PLAN
                        FOR NISOURCE INC. AND AFFILIATES

                AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2004

                                    ARTICLE I

                                     PURPOSE

      The Columbia Gas System, Inc., adopted The Pension Restoration Plan for
The Columbia Gas System, Inc., as amended and restated effective March 1, 1997.
The Plan was amended and restated, effective January 1, 2002, by Columbia Energy
Group, successor to Columbia Gas System, Inc., and renamed the Pension
Restoration Plan for the Columbia Energy Group. Effective January 1, 2004,
NiSource Inc., the parent company of Columbia Energy Group, assumes sponsorship
of the Pension Restoration Plan for Columbia Energy Group, renames the Plan the
Pension Restoration Plan for NiSource Inc. and Affiliates, and broadens the Plan
to include all employees of NiSource Inc. and Affiliated Companies.

      The purpose of the Plan is to provide for the payment of pension
restoration benefits to employees of NiSource Inc. and Affiliated Companies,
whose benefits under the Basic Plans are subject to the Limits, or affected by
deferrals into the DCP, so that the total pension plan benefits of such
employees will be determined on the same basis as is applicable to all other
employees of the Company. The Plan is adopted solely (1) for the purpose of
providing benefits to Participants in the Plan and their Beneficiaries in excess
of the Limits imposed on qualified plans by Sections 415 and 401(a)(17), and any
other sections, of the Code, by restoring benefits to such Plan Participants and
Beneficiaries that are no longer available under the Basic Plans as a result of
the Limits, and (2) for the purpose of restoring benefits to Plan Participants
and Beneficiaries that are no longer available under the Basic Plans as a result
of the Participant's deferrals into the DCP. The provisions of the Plan apply
only to Participants who actively

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participate in the Plan on or after January 1, 2004. Any Participant who retired
or otherwise terminated employment with the Company and Affiliated Companies
prior to January 1, 2004, shall have his or her rights determined under the
provision of the Plan, as it existed when his or her employment relationship
terminated.

                                   ARTICLE II

                                   DEFINITIONS

      2.1   "Affiliated Company" means an affiliate of NiSource Inc.

      2.2   "`Basic Plan(s)" means the tax qualified retirement plan(s)
maintained by the Company and Affiliated Companies listed on Schedule A,
attached hereto.

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

      2.4   "Committee" means the NiSource Inc. and Affiliates Retirement Plan
Administrative and Investment Committee.

      2.5   "Company" means NiSource Inc.

      2.6   "DCP" means the Columbia Energy Group, Deferred Compensation Plan on
or prior to December 31, 2003, and thereafter the NiSource Inc. Executive
Deferred Compensation Plan.

      2.7   "Employee" means any individual who is employed by an Employer on a
basis that involves payment of salary, wages or commissions.

      2.8   "Employer" means the Company or an Affiliated Company whose
Employees participate in the Plan.

                                       2

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      2.9   "ERISA" means the Employee Retirement Income Security Act of 1974,
as amended.

      2.10  "Limits" means the limits imposed on tax qualified retirement plans
by Sections 415 and 401(a)(17) and any other Sections of the Code.

      2.11  "Participant" means any Employee who is participating in the Plan in
accordance with its provisions.

      2.12  "Plan" means the Pension Restoration Plan for NiSource Inc. and
Affiliates (formerly known as the Pension Restoration Plan for the Columbia
Energy Group, and before that as the Pension Restoration Plan for The Columbia
Gas System, Inc.), as set forth herein.

                                  ARTICLE III

                            PARTICIPATION IN THE PLAN

      Each Employee of an Employer shall be a Participant in the Plan if his or
her benefits under a Basic Plan are affected by the Limits or by his or her
deferrals under the DCP.

                                   ARTICLE IV

                                AMOUNT OF BENEFIT

      4.1   Participants Before January 1, 2004. The benefit payable under the
Plan to a Participant who was participating in the Plan prior to January 1,
2004, or to his or her Beneficiary under a Basic Plan, shall be equal to the
excess (if any) of the benefit determined under Paragraph (a) below over the
benefit determined under Paragraph (b) below:

      (a)   The benefit that would have been payable under a Basic Plan to a
            Participant, or to his or her Beneficiary determined under the Basic
            Plan, which benefit shall be

                                      3

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            determined (i) without regard to the Limits and (ii) without regard
            to the Participant's deferrals into the DCP, if any.

      (b)   The benefit actually payable to the Participant, or to his or her
            Beneficiary determined under a Basic Plan, which benefit shall be
            determined after applying the Limits and considering deferrals into
            the DCP, if any.

      4.2   Participants On or After January 1, 2004.

      (a)   The benefit payable under the Plan to a Participant who first
            becomes a Participant on or after January 1, 2004, and whose Accrued
            Benefit under a Basic Plan is a Final Average Pay Option Benefit, or
            to his or her Beneficiary under the Basic Plan, shall be equal to
            the excess (if any) of the benefit determined under Paragraph (1)
            below over the benefit determined under Paragraph (2) below:

                  (1)   The benefit that would have been payable under a Basic
                        Plan to a Participant or his or her Beneficiary,
                        calculated based upon the Participant's Credited Service
                        and Compensation from and after the date the Participant
                        first becomes eligible to participate in the Plan, which
                        benefit shall be determined (i) without regard to the
                        Limits and (ii) without regard to the Participant's
                        deferrals into the DCP, if any.

                  (2)   The benefit actually payable to the Participant, or to
                        his or her Beneficiary determined under a Basic Plan,
                        calculated based upon the Participant's Credited Service
                        and Compensation from and after the date the Participant
                        first becomes eligible to participate in

                                      4

<PAGE>

                        the Plan, which benefit shall be determined after
                        applying the Limits and considering deferrals into the
                        DCP, if any.

            A Participant's service used under the Basic Plan for purposes of
            determining eligibility for any retirement benefit shall also be
            used for similar purposes hereunder.

      (b)   The benefit payable under the Plan to a Participant who first
            becomes a Participant on or after January 1, 2004, and whose Accrued
            Benefit under a Basic Plan is an Account Balance Option Benefit, or
            to his or her Beneficiary under the Basic Plan, shall be equal to
            the excess (if any) of the benefit determined under Paragraph (1)
            below over the benefit determined under Paragraph (2) below,
            determined as if the Participant's Opening Account Balance is $0 as
            of January 1, 2004:

                  (1)   The benefit that would have been payable under a Basic
                        Plan to a Participant or his or her Beneficiary, which
                        benefit shall be determined (i) without regard to the
                        Limits and (ii) without regard to the Participant's
                        deferrals into the DCP, if any.

                  (2)   The benefit actually payable to the Participant, or to
                        his or her Beneficiary determined under a Basic Plan,
                        which benefit shall be determined after applying the
                        Limits and considering deferrals into the DCP, if any.

                                   ARTICLE V

                      TIME AND METHOD OF PAYMENT OF BENEFIT

      5.1   Method of Payment. The benefit payable to a Participant or his or
her Beneficiary shall be paid in the same form under which the Basic Plan
Accrued Benefit is payable to the

                                      5

<PAGE>

Participant or his or her Beneficiary. The Participant's election under the
Basic Plan of any optional form of payment of his or her Basic Plan Accrued
Benefit (with the valid consent of his or her surviving spouse where required
under the Basic Plan) shall also be applicable to the payment of his or her
Benefit under the Plan.

      5.2   Timing of Payment. Payment of the benefit to a Participant or his or
her Beneficiary shall commence on the same date as payment of the Basic Plan
Accrued Benefit to the Participant or his or her Beneficiary commences. Any
election under the Basic Plan made by the Participant with respect to the
commencement of payment of his or her Basic Plan Accrued Benefit shall also be
applicable with respect to the commencement of payment of his or her benefit
under the Plan.

      5.3   Committee Approval. Notwithstanding the provisions of Sections 5.1
and 5.2 above, an election made by the Participant under the Basic Plan with
respect to the form of payment of his or her Basic Plan Accrued Benefit (with
the valid consent of his or her surviving spouse where required under the Basic
Plan), or the date for commencement of payment thereof, shall not be effective
with respect to the form of payment or date for commencement of payment of his
or her benefit under the Plan unless such election is expressly approved in
writing by the Committee with respect to his or her benefit. If the Committee
shall not approve such election in writing, then the form of payment or date for
commencement of payment of the Participant's benefit under the Plan shall be
selected by the Committee at its sole discretion.

      5.4   Interest and Mortality Assumptions. Determinations under Sections
5.2 and 5.3 shall be based on the interest and mortality assumptions used in the
applicable Basic Plan on the date of such determination.

                                       6

<PAGE>

                                   ARTICLE VI

                             ADMINISTRATION OF PLAN

      The Plan shall be administered by the Committee.

                                  ARTICLE VII

                   COMPANY'S RIGHT TO AMEND OR TERMINATE PLAN

      While the Company intends to maintain the Plan in conjunction with the
Basic Plans, the Company, or the Officer Nomination and Compensation Committee
of the Board of Directors of the Company, reserves the right to amend the Plan
at any time and from time to time, or to terminate it at any time for any
reason; provided, however, that no amendment or termination of the Plan shall
impair or alter such right to a benefit that would have arisen under the Plan as
it read before the effective date of such amendment or termination to or with
respect to any employee who has become a Participant in the Plan before the
effective date of such amendment or termination or with respect to his her
Beneficiary.

                                  ARTICLE VIII

                            MISCELLANEOUS PROVISIONS

      8.1   Definitions. The terms used in the Plan, that are defined in the
Basic Plans, shall have the meanings assigned to them in the Basic Plans unless
otherwise defined in the Plan.

      8.2   Unsecured General Creditor. Participants and Beneficiaries shall be
unsecured general creditors, with no secured or preferential right to any assets
of the Company, any other Employer, or any other party for payment of benefits
under the Plan. Obligations of the Company and each other Employer under the
Plan shall be an unfunded and unsecured promise to pay money in the future.

                                       7

<PAGE>

      8.3   Income Tax Payout. Notwithstanding anything to the contrary
contained herein, (a) in the event that the Internal Revenue Service prevails in
its claim that any amount of a benefit payable pursuant to the Plan and held in
the general assets of the Company or any other Employer, constitutes taxable
income to a Participant or his or her Beneficiary for such taxable year of him
or her, prior to the taxable year in which such amount is distributed to him or
her, or (b) in the event that legal counsel satisfactory to the Company, and the
applicable Participant or his or her Beneficiary, renders an opinion that the
Internal Revenue Service would likely prevail in such a claim, the amount of
such benefit held in the general assets of the Company or any other Employer, to
the extent constituting taxable income, shall be immediately distributed to the
Participant or his or her Beneficiary. For purposes of this Section, the
Internal Revenue Service shall be deemed to have prevailed in a claim if such
claim is upheld by a court of final jurisdiction, or if the Participant or
Beneficiary, based upon an opinion of legal counsel satisfactory to the Company
and the Participant or his or her Beneficiary, fails to appeal a decision of the
Internal Revenue Service, or a court of applicable jurisdiction, with respect to
such claim, to an appropriate Internal Revenue Service appeals authority or to a
court of higher jurisdiction within the appropriate time period.

      8.4   General Conditions. Except as otherwise expressly provided herein,
all terms and conditions of a Basic Plan applicable to a Basic Plan benefit
shall also be applicable to a benefit payable hereunder. Any Basic Plan benefit
shall be paid solely in accordance with the terms and conditions of the
applicable Basic Plan and nothing in the Plan shall operate or be construed in
any way to modify, amend or affect the terms and provisions of the Basic Plan.

                                       8

<PAGE>

      8.5   No Guaranty of Benefits. Nothing contained in the Plan shall
constitute a guaranty by the Company or any other Employer or any other entity
or person that the assets of the Company or any other Employer will be
sufficient to pay any benefit hereunder.

      8.6   No Enlargement of Employee Rights. No Participant or Beneficiary
shall have any right to a benefit under the Plan except in accordance with the
terms of the Plan. Establishment of the Plan shall not be construed to give any
Participant or Beneficiary the right to be retained in the service of the
Company or any Affiliated Company.

      8.7   Spendthrift Provision. No interest of any person or entity in, or
right to receive a benefit under, the Plan shall be subject in any manner to
sale, transfer, assignment, pledge, attachment, garnishment, or other alienation
or encumbrance of any kind; nor may such interest or right to receive a benefit
be taken, either voluntarily or involuntarily, for the satisfaction of the debts
of, or other obligations or claims against, such person or entity, including
claims for alimony, support, separate maintenance, and claims in bankruptcy
proceedings.

      Notwithstanding the preceding paragraph, the benefit of any Participant
shall be subject to and payable in the amount determined in accordance with any
qualified domestic relations order, as that term is defined in Section 206(d)(3)
of the ERISA. The Committee shall provide for payment of such benefit to an
alternate payee (as defined in ERISA Section 206(d)(3)) as soon as
administratively possible following receipt of such order. Any federal, state or
local income tax associated with such payment shall be the responsibility of the
alternate payee. The benefit that is subject to any qualified domestic relations
order shall be reduced by the amount of any payment made pursuant to such order.

                                       9

<PAGE>

      8.8   Applicable Law. The Plan shall be construed and administered under
the laws of the State of Indiana, except to the extent preempted by applicable
federal law.

      8.9   Incapacity of Recipient. If any person entitled to a benefit payment
under the Plan is deemed by the Committee to be incapable of personally
receiving and giving a valid receipt for such payment, then, unless and until
claim therefor shall have been made by a duly appointed guardian or other legal
representative of such person, the Committee may provide for such payment or any
part thereof to be made to any other person or institution then contributing
toward or providing for the care and maintenance of such person. Any such
payment shall be a payment for the account of such person and a complete
discharge of any liability of the Company, any other Employer, the Committee and
the Plan therefor.

      8.10  Unclaimed Benefit. Each Participant shall keep the Committee
informed of his or her current address and the current address of his or her
Beneficiaries. The Committee shall not be obligated to search for the
whereabouts of any person. If the location of a Participant is not made known to
the Committee within three (3) years after the date on which payment of the
Participant's benefit may first be made, payment may be made as though the
Participant had died at the end of the three-year period. If, within one
additional year after such three-year period has elapsed, or, within three years
after the actual death of a Participant, the Committee is unable to locate any
Beneficiary of the Participant, then the Committee shall have no further
obligation to pay any benefit hereunder to such Participant, Beneficiary, or any
other person and such benefit shall be irrevocably forfeited.

      8.11  Limitations on Liability. Notwithstanding any of the preceding
provisions of the Plan, none of the Company, any other Employer, or any
individual acting as an employee, or

                                       10

<PAGE>

agent at the direction of the Company or any other Employer, or any member of
the Committee, shall be liable to any Participant, former Participant,
Beneficiary, or any other person for any claim, loss, liability or expense
incurred in connection with the Plan.

      8.12  Claims Procedure. Claims for benefits under the Plan shall be made
in writing to the Committee. If the Committee wholly or partially denies a claim
for benefits, the Committee shall, within a reasonable period of time, but no
later than 90 days after receiving the claim, notify the claimant in writing of
the denial of the claim. If the Committee fails to notify the claimant in
writing of the denial of the claim within 90 days after the Committee receives
it, the claim shall be deemed denied. A notice of denial shall be written in a
manner calculated to be understood by the claimant, and shall contain:

      (a)   the specific reason or reasons for denial of the claim;

      (b)   a specific reference to the pertinent Plan provisions upon which the
            denial is based;

      (c)   a description of any additional material or information necessary
            for the claimant to perfect the claim, together with an explanation
            of why such material or information is necessary; and

      (d)   an explanation of the Plan's review procedure.

Within 60 days of the receipt by the claimant of the written notice of denial of
the claim, or within 60 days after the claim is deemed denied as set forth
above, if applicable, the claimant may file a written request with the Committee
that it conduct a full and fair review of the denial of the claimant's claim for
benefits, including the conducting of a hearing, if the Committee deems one
necessary. In connection with the claimant's appeal of the denial of his or her
benefit, the claimant may review pertinent documents and may submit issues and
comments in writing. The Committee shall render a decision on the claim appeal
promptly, but not later than 60 days after receiving the claimant's request for
review, unless, in the discretion of the Committee, special circumstances (such
as the need to hold a hearing) require an extension of

                                       11

<PAGE>

time for processing, in which case the 60-day period may be extended to 120
days. The Committee shall notify the claimant in writing of any such extension.
The decision upon review shall (1) include specific reasons for the decision,
(2) be written in a manner calculated to be understood by the claimant, and (3)
contain specific references to the pertinent Plan provisions upon which the
decision is based.

      IN WITNESS WHEREOF, NiSource Inc. has caused this amended and restated
Plan to be executed in its name, by its duly authorized officer, on this 16th
day of April 2004, effective as of January 1, 2004.

                                                              NISOURCE INC.

Date:    April 16, 2004                            By:  /s/ S. LaNette Zimmerman
                                                    ---------------------------
                                                   ATTEST:

Date:    April 19, 2004                            By: /s/ Gary W. Pottorff
                                                    ---------------------------

                                       12

<PAGE>

                                   SCHEDULE A

NiSource Inc. and Northern Indiana Public Service Company Pension Plan
Provisions Pertaining to Salaried and Non-Exempt employees
NiSource Subsidiary Pension Plan
Retirement Plan of Columbia Energy Group Companies
Bay State Gas Company Pension Plan.

                                       13

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