Document:

<PAGE>   1
                                                                     EXHIBIT 4.4

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

                                       -
                             SUPPLEMENTAL INDENTURE
                                       TO
                            INDENTURE OF MORTGAGE AND
                                  DEED OF TRUST
                            DATED AS OF MARCH 1, 1944

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

                                 AS RESTATED IN
                           PART II OF THE TWENTY-NINTH
                SUPPLEMENTAL INDENTURE DATED AS OF JULY 15, 1989
                     WHICH BECAME EFFECTIVE ON APRIL 1, 1994

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

                        MICHIGAN CONSOLIDATED GAS COMPANY

                                       TO

                                 CITIBANK, N.A.

                                       AND

                               ROBERT T. KIRCHNER

                                    TRUSTEES

                               DATED AS OF -, 20-

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

                   CREATING AN ISSUE OF FIRST MORTGAGE BONDS,
                                  DESIGNATED AS

                                COLLATERAL BONDS

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

<PAGE>   2

                        MICHIGAN CONSOLIDATED GAS COMPANY

                            - SUPPLEMENTAL INDENTURE
                               DATED AS OF -, 20-
                      SUPPLEMENTAL TO INDENTURE OF MORTGAGE
                                AND DEED OF TRUST
                            DATED AS OF MARCH 1, 1944

                               TABLE OF CONTENTS*

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

<TABLE>
<CAPTION>
                                                                                                               PAGE
<S>                                                                                                            <C>
ARTICLE I ESTABLISHMENT OF AN ISSUE OF FIRST MORTGAGE BONDS, DESIGNATED AND
   DISTINGUISHED AS "COLLATERAL BONDS"............................................................................4

         SECTION 1................................................................................................4
         SECTION 2................................................................................................5
         SECTION 3................................................................................................6
         SECTION 4................................................................................................6
         SECTION 5................................................................................................7

ARTICLE II ISSUE OF COLLATERAL BONDS..............................................................................7

ARTICLE III THE TRUSTEES..........................................................................................7

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

* NOTE: The Table of Contents is not part of the original Indenture as executed.

<PAGE>   3

       THIS - SUPPLEMENTAL INDENTURE, dated as of the - day of -, 20-, between
MICHIGAN CONSOLIDATED GAS COMPANY, a corporation duly organized and existing
under and by virtue of the laws of the State of Michigan (hereinafter called the
"Company"), having its principal place of business at 500 Griswold Street,
Detroit, Michigan, and CITIBANK, N.A. (formerly First National City Bank), a
national banking association incorporated and existing under and by virtue of
the laws of the United States of America, having an office at 111 Wall Street in
the Borough of Manhattan, The City of New York, New York, successor to CITY BANK
FARMERS TRUST COMPANY (hereinafter with its predecessors as trustee called the
"Mortgage Trustee"), and ROBERT T. KIRCHNER, having an office at 120 Wall
Street, 13th Floor, New York, New York, successor to RALPH E. MORTON, as
individual trustee (hereinafter with his predecessors as individual trustee
called the "Individual Trustee"), as Trustees under the Indenture hereinafter
mentioned (the Mortgage Trustee and Individual Trustee being hereinafter
together referred to as the "Trustees"):

       WHEREAS, the Company has heretofore executed and delivered to the
Trustees an Indenture of Mortgage and Deed of Trust (the "Original Indenture"),
dated as of March 1, 1944;

       WHEREAS, the Company has heretofore executed and delivered to the
Trustees the Twenty-ninth Supplemental Indenture, which became effective April
1, 1994, to provide for the modification and restatement of the Original
Indenture as previously amended (as so amended, supplemented and modified the
"Indenture"), and to secure the Company's First Mortgage Bonds, unlimited in
aggregate principal amount except as therein otherwise provided, issued pursuant
to the:

         Thirtieth Supplemental Indenture, dated as of September 1, 1991;
         Thirty-first Supplemental Indenture, dated as of December 15, 1991;
         Thirty-second Supplemental Indenture, dated as of January 5, 1993;
         Thirty-third Supplemental Indenture, dated as of May 1, 1995;
         Thirty-fourth Supplemental Indenture, dated as of November 1, 1996; and
         Thirty-fifth Supplemental Indenture, dated as of June 18, 1998;

       WHEREAS, at the date hereof there were outstanding First Mortgage Bonds
of the Company issued under the Indenture, of - series (all the outstanding
bonds of all other series having been previously retired) in the principal
amounts set forth below:

<TABLE>
<CAPTION>
                                                                                                       AMOUNT
                                                                                AMOUNT               OUTSTANDING
                         DESIGNATION OF SERIES                             INITIALLY ISSUED          AS OF -/-/-
                         ---------------------                             ----------------          -----------
<S>                                                                        <C>                      <C>
</TABLE>

                                       3

<PAGE>   4

and

         WHEREAS, the Company desires in and by this Supplemental Indenture to
establish an issue of bonds to be issued under the Indenture of the series
established under the Thirty-fifth Supplemental Indenture, to designate the
terms thereof, to specify the particulars necessary to describe and define the
same and to specify such other provisions and agreements in respect thereof as
are in the Indenture provided or permitted; and

         WHEREAS, all the conditions and requirements necessary to make this
Supplemental Indenture, when duly executed and delivered, a valid, binding and
legal instrument in accordance with its terms and for the purposes herein
expressed, have been done, performed and fulfilled, and the execution and
delivery of this Supplemental Indenture in the form and with the terms hereof
have been in all respects duly authorized;

         NOW, THEREFORE, it is agreed by and between the Company and the
Trustees as follows:

                                   ARTICLE I
        ESTABLISHMENT OF AN ISSUE OF FIRST MORTGAGE BONDS, DESIGNATED AND
                       DISTINGUISHED AS "COLLATERAL BONDS"

         SECTION 1. There is hereby established an issue of bonds to be issued
under and secured by the Indenture, to be known as "First Mortgage Bonds,"
designated and distinguished as "Collateral Bonds" of the Company (herein
collectively sometimes called the "Collateral Bonds") of the series established
under the Thirty-fifth Supplemental Indenture. The Collateral Bonds may be
issued without limitation as to aggregate principal amount except as provided in
the Indenture (including the Thirty-fifth Supplemental Indenture) and in this
Supplemental Indenture. The Collateral Bonds shall be registered bonds without
coupons and shall be dated as of the date of the authentication thereof by the
Mortgage Trustee.

         A separate issue of Collateral Bonds is being issued by the Company
hereunder contemporaneously with the issuance of a separate series of senior
debt securities of the Company designated as the Company's "[-%][Floating Rate]
Senior Notes due -" (the "Senior Notes") and is being issued and delivered to
Citibank, N.A., as trustee (in such capacity, together with any successor
trustee(s), the "Senior Trustee") under the Indenture, dated as of June 1, 1998,
as amended, supplemented and modified, governing such senior debt securities (as
so amended, supplemented and modified, the "Senior Indenture"), in such
capacity, as collateral for the benefit of the holders of the Senior Notes. The
series of such senior debt securities collateralized by any Collateral Bonds
issued hereunder shall be referred to as the "Related Notes" with respect to
such Collateral Bonds.

         The Collateral Bonds shall bear interest at such rate or rates and be
payable on such date or dates, shall mature and be subject to mandatory or
optional redemption on such date or dates and shall have such other terms and
provisions not inconsistent with the Indenture as are set forth in the form of
Collateral Bonds attached as Appendix I hereto (herein sometimes called the
"Bond Form").

                                       4
<PAGE>   5

         So long as there is no existing default in the payment of interest on
the Collateral Bonds, all Collateral Bonds authenticated by the Trustee after
the Record Date specified for any interest payment date, and prior to such
interest payment date (unless the issue date hereinafter specified is after such
Record Date) shall be dated the date of authentication, but shall bear interest
from such interest payment date, and the person in whose name any Collateral
Bond is registered at the close of business on any Record Date with respect to
any interest payment date shall be entitled to receive the interest payable on
such interest payment date notwithstanding any transfer or exchange of such
Collateral Bond subsequent to the Record Date and on or prior to such interest
payment date, except if and to the extent the Company shall default in the
payment of the interest due on such interest payment date, in which case such
defaulted interest shall be paid to the person in whose name such Collateral
Bond is registered on the Record Date for the interest payment date fixed by the
Company for the payment of such defaulted interest, provided that in no case
shall such Record Date be less than ten days after notice thereof shall have
been mailed to all registered holders of Collateral Bonds; and provided that
interest payable on a maturity date shall be payable to the person to whom the
principal thereof is payable. If the issue date of any Collateral Bond is after
such Record Date, such Bond shall bear interest from the issue date but payment
of interest shall commence on the second interest payment date next succeeding
the issue date. Any notice which is mailed as herein provided shall be
conclusively presumed to have been properly and sufficiently given on the date
of such mailing, whether or not the holder receives notice.

         The terms "Record Date" and "Business Day" as used herein are defined
in the Bond Form.

         The term "issue date" as used herein with respect to Collateral Bonds
of a designated interest rate and maturity shall mean the date of first
authentication of Collateral Bonds of such designated interest rate and
maturity.

         As used in this Section 1, the term "default in the payment of
interest" means failure to pay interest on the applicable interest payment date
disregarding any period of grace permitted by Section 9.01 of the Indenture.

         The Company shall make payments of the principal of, and premium or
interest on, the Collateral Bonds to the Senior Trustee, which payments shall be
applied by the Senior Trustee to satisfaction of obligations on the Related
Notes in respect of such Collateral Bonds.

         SECTION 2. The Collateral Bonds shall be redeemed if and to the extent
the Related Notes with respect to such Collateral Bonds are redeemed, as
provided in the Senior Indenture and in such Related Notes. The redemption price
in respect of any Collateral Bonds (including

                                       5
<PAGE>   6

principal, premium, if any, and interest thereon) shall be the redemption price
applicable to the Related Notes with respect to such Collateral Bonds. Any
notice required to be furnished to the holders of the Collateral Bonds or the
Trustees relating to the redemption of such Collateral Bonds shall be considered
furnished by the delivery of appropriate notice to the holders of the Related
Notes or the Senior Trustee, as the case may be, as provided in the Senior
Indenture and the Related Notes with respect to such Collateral Bonds. Any
redemption payment made by the Company on the Related Notes (whether for
principal, premium, if any, or interest) shall be applied by the Senior Trustee
as payment of the redemption price in respect of the correspondingly redeemed
Collateral Bonds. In the event the Related Notes with respect to a series of
Collateral Bonds are redeemed in part, an equivalent aggregate principal amount
of the corresponding series of Collateral Bonds shall be so redeemed, the Senior
Trustee, as holder of the Collateral Bonds as collateral for such Related Notes,
shall deliver to the Mortgage Trustee for cancellation an equivalent principal
amount of Collateral Bonds of the series corresponding to the Related Notes so
redeemed, and the Company shall execute and the Mortgage Trustee shall
authenticate and deliver, without charge, to the Senior Trustee, as holder
thereof, one or more new Collateral Bonds of authorized denominations for the
unredeemed balance of any Collateral Bonds surrendered for redemption in
connection with the redemption of the Related Notes.

         SECTION 3. The Collateral Bonds shall be registered bonds without
coupons. The Mortgage Trustee shall be the registrar and paying agent for the
Collateral Bonds, which duties it hereby accepts. Collateral Bonds may be issued
in the denomination of $1,000 or any integral multiple thereof.

         SECTION 4. The Collateral Bonds shall be exchangeable, at the option of
the registered owners thereof and upon surrender thereof at the corporate trust
office of the Trustee in the Borough of Manhattan, The City of New York, New
York, for registered bonds of the same aggregate principal amount and other
terms, but of different authorized denomination or denominations, such exchanges
to be made without service charge (except for any stamp tax or other
governmental charge).

         Every bond so surrendered shall be accompanied by a proper transfer
power duly executed by the registered owner or by duly authorized attorney
transferring such bond to the Company, and the signature to such transfer power
shall be guaranteed to the satisfaction of the Trustee. All bonds so surrendered
shall be forthwith canceled and delivered to or upon the order of the Company.
All bonds executed, authenticated and delivered in exchange for bonds so
surrendered shall be valid obligations of the Company, evidencing the same debt
as the bonds surrendered, and shall be secured by the same lien and be entitled
to the same benefits and protection as the bonds in exchange for which they are
executed, authenticated and delivered.

         The Company shall not be required to make any such exchange or any
registration of transfer (1) during a period of fifteen days next preceding any
interest payment date, but only if there is an existing default in the payment
of interest on the Collateral Bonds on which such payment is due or (2) after
the bond so presented for exchange or registration of transfer, or any portion
thereof, has been called for redemption and notice thereof given to the
registered owner.

                                       6
<PAGE>   7

         SECTION 5. Pending the preparation of definitive Collateral Bonds, the
Company may from time to time execute, and upon its written order, the Trustee
shall authenticate and deliver, in lieu of such definitive bonds and subject to
the same provisions, limitations and conditions, one or more temporary bonds, in
registered form, of any denomination specified in the written order of the
Company for the authentication and delivery thereof, and with such omissions,
insertions and variations as may be determined by the Board of Directors of the
Company. Such temporary bonds shall be substantially of the tenor of the bonds
to be issued as herein before recited, but such temporary bonds may, in lieu of
the statement of the specific redemption prices required to be set forth in
Collateral Bonds in definitive form.

         If any such temporary Collateral Bonds shall at any time be so
authenticated and delivered in lieu of definitive bonds, the Company shall upon
request at its own expense prepare, execute and deliver to the Trustee and
thereupon, upon the presentation and surrender of temporary bonds, the Trustee
shall authenticate and deliver in exchange therefor, without charge to the
holder, definitive bonds of the same series and other terms, if any, and for the
same principal sum in the aggregate as the temporary bonds surrendered. All
temporary bonds so surrendered shall be forthwith canceled by the Trustee and
delivered to or upon the order of the Company. Until exchanged for definitive
bonds the temporary bonds shall in all respects be entitled to the lien and
security of the Indenture and all supplemental indentures.

                                   ARTICLE II
                            ISSUE OF COLLATERAL BONDS

         Collateral Bonds in the aggregate principal amount of $-, in respect of
the Related Notes, may be executed, authenticated and delivered from time to
time as permitted by the provisions of the Indenture.

                                  ARTICLE III
                                  THE TRUSTEES

         The Trustees shall not be responsible in any manner whatsoever for or
in respect of the validity or sufficiency of this Supplemental Indenture or the
due execution hereof by the Company, or for or in respect of the recitals and
statements contained herein, all of which recitals and statements are made
solely by the Company.

         Except as herein otherwise provided, no duties, responsibilities or
liabilities are assumed, or shall be construed to be assumed, by the Trustees by
reason of this Supplemental Indenture other than as set forth in the Indenture
and this Supplemental Indenture is executed and accepted on behalf of the
Trustees, subject to all the terms and conditions set forth in the Indenture, as
fully to all intents as if the same were herein set forth at length.

                                   ARTICLE IV
                            MISCELLANEOUS PROVISIONS

         Except insofar as herein otherwise expressly provided, all the
provisions, terms and conditions of the Indenture shall be deemed to be
incorporated in, and made a part of, this - Supplemental Indenture and the
Twenty-ninth Supplemental Indenture dated as of July 15, 1989, by the Thirtieth
Supplemental Indenture dated as of September 1, 1991, by the Thirty-first

                                       7
<PAGE>   8

Supplemental Indenture dated as of December 15, 1991, by the Thirty-second
Supplemental Indenture dated as of January 5, 1993, by the Thirty-third
Supplemental Indenture dated as of May 1, 1995, by the Thirty-fourth
Supplemental Indenture dated as of November 1, 1996, by the Thirty-fifth
Supplemental Indenture dated as of June 18, 1998 and by this Supplemental
Indenture is in all respects ratified and confirmed; and the Indenture and said
Supplemental Indentures shall be read, taken and construed as one and the same
instrument.

         Except to the extent specifically provided therein, no provision of
this Supplemental Indenture or any future supplemental indenture is intended to
modify, and the parties do hereby adopt and confirm, the provisions of Section
318(c) of the Trust Indenture Act, which amend and supersede provisions of the
Indenture in effect prior to November 15, 1990.

         Nothing in this Supplemental Indenture is intended, or shall be
construed, to give to any person or corporation, other than the parties hereto
and the holders of Collateral Bonds issued and to be issued under and secured by
the Indenture, any legal or equitable right, remedy or claim under or in respect
of this Supplemental Indenture, or under any covenant, condition or provision
herein contained, all the covenants, conditions and provisions of this
Supplemental Indenture being intended to be, and being, for the sole and
exclusive benefit of the parties hereto and of the holders of bonds issued and
to be issued under the Indenture and secured thereby.

         All covenants, promises and agreements in this Supplemental Indenture
contained by or on behalf of the Company shall bind its successors and assigns
whether so expressed or not.

         This Supplemental Indenture may be executed in any number of
counterparts, and each of such counterparts when so executed shall be deemed to
be an original; but all such counterparts shall together constitute but one and
the same instrument.

                                       8
<PAGE>   9

         IN WITNESS WHEREOF, MICHIGAN CONSOLIDATED GAS COMPANY has caused this
Supplemental Indenture to be executed by its duly authorized Officer, and its
corporate seal to be hereunto affixed, duly attested by its
[Secretary][Assistant Secretary], and Citibank, N.A., as Mortgage Trustee as
aforesaid, has caused the same to be executed by one of its authorized
signatories and its corporate seal to be hereunto affixed, duly attested by
another one of its authorized signatories, and Robert T. Kirchner, as Individual
Trustee as aforesaid, has hereunto affixed his signature, on the respective
dates of their acknowledgments hereinafter set forth, as of the date and year
first above written.

MICHIGAN CONSOLIDATED GAS COMPANY

By                                       Attest:
      --------------------------                  ------------------------------
        Name:                                     Name:
        Tile:                                     Title:

Signed, sealed, acknowledged and
delivered by MICHIGAN CONSOLIDATED
GAS COMPANY in the presence of:

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

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

Citibank, N.A., as Mortgage Trustee,

By                                       Attest:
   -----------------------------                  ------------------------------

     --------------------------------
     Robert T. Kirchner
     as Individual Trustee
     111 Wall Street, 5th Floor
     New York, New York

         Signed, sealed, acknowledged and
         delivered by CITIBANK, N.A. and
         ROBERT T. KIRCHNER, in the presence of:

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

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

                                       9
<PAGE>   10

State of Michigan }
                  } ss.
County of Wayne   }

         The foregoing instrument was acknowledged before me this - day of -, by
-, of MICHIGAN CONSOLIDATED GAS COMPANY, a Michigan corporation, on behalf of
the corporation.

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

                                         Notary Public, Wayne County, Michigan
                                         My Commission Expires:

State of New York   }
                    } ss.
County of New York  }

         The foregoing instrument was acknowledged before me this - day of -, -,
by -, on behalf of the association, as Trustee, and Robert T. Kirchner, as
Individual Trustee as in said instrument described.

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

                                         Notary Public, State of New York
                                         No.
                                         Commission Expires:

<PAGE>   11

                                                                      APPENDIX I

                             FORM OF COLLATERAL BOND

No. R-1                                                         Principal Amount

                                                                $
                                                                 -------------

                        MICHIGAN CONSOLIDATED GAS COMPANY
                   FIRST MORTGAGE BONDS, COLLATERAL SERIES __
                                being a series of
                              FIRST MORTGAGE BONDS

ORIGINAL ISSUE DATE:                                MATURITY DATE:
                     ------------                                 --------------

THE FIRST MORTGAGE BONDS, COLLATERAL SERIES    (HEREINAFTER, "COLLATERAL
BONDS"), REPRESENTED BY THIS CERTIFICATE ARE BEING ISSUED AND DELIVERED BY THE
COMPANY TO CITIBANK, N.A., AS TRUSTEE (IN SUCH CAPACITY, THE "SENIOR TRUSTEE")
UNDER AN INDENTURE, DATED AS OF JUNE 1, 1998, BETWEEN THE COMPANY AND THE SENIOR
TRUSTEE, AS AMENDED, SUPPLEMENTED AND MODIFIED FROM TIME TO TIME AND AS
SUPPLEMENTED BY THE SUPPLEMENTAL INDENTURE THERETO DATED AS OF              (AS
SO AMENDED, SUPPLEMENTED AND MODIFIED, THE "SENIOR INDENTURE"). THE COLLATERAL
BONDS ARE TO BE HELD IN TRUST AS COLLATERAL FOR THE BENEFIT OF THE HOLDERS OF $-
AGGREGATE PRINCIPAL AMOUNT OF - NOTES DUE - (THE "RELATED NOTES") ISSUED
PURSUANT TO THE SENIOR INDENTURE.

THE COLLATERAL BONDS MAY NOT BE SOLD OR OTHERWISE TRANSFERRED (EXCEPT TO A
SUCCESSOR TRUSTEE) UNTIL THE EARLIER OF THE RELEASE DATE (AS DEFINED BELOW) OR
THE PRIOR RETIREMENT OF THE RELATED NOTES THROUGH REDEMPTION, REPURCHASE OR
OTHERWISE.

THE INTEREST RATE ON THE COLLATERAL BONDS SHALL AT ALL TIMES BE IDENTICAL TO
THAT OF, AND SHALL BE ESTABLISHED IN THE MANNER SET FORTH IN, THE RELATED NOTES,
A FORM OF WHICH IS ANNEXED HERETO AS APPENDIX I.

THE INTEREST PAYMENT DATES IN RESPECT OF THE COLLATERAL BONDS SHALL AT ALL TIMES
BE IDENTICAL TO THOSE OF, AND SHALL BE ESTABLISHED IN THE MANNER SET FORTH IN,
THE RELATED NOTES.

THE COMPANY SHALL MAKE PAYMENTS OF THE PRINCIPAL OF, AND PREMIUM, IF ANY, AND
INTEREST ON, THE COLLATERAL BONDS, TO THE SENIOR TRUSTEE, WHICH PAYMENTS SHALL
BE APPLIED BY THE SENIOR TRUSTEE TO THE SATISFACTION OF OBLIGATIONS ON THE
RELATED NOTES.

                                      I-1
<PAGE>   12

THE MATURITY DATE SPECIFIED ABOVE IS ALSO THE MATURITY DATE OF THE RELATED
BONDS.

         MICHIGAN CONSOLIDATED GAS COMPANY (hereinafter called the "Company"), a
corporation of the State of Michigan, for value received, hereby promises to pay
to CITIBANK, N.A., as trustee for the benefit of the holders of the Related
Notes, or registered assigns (in such capacity, the "Senior Trustee"), the sum
of            Dollars ($       ) on the Maturity Date specified above, at the
corporate trust office of the Mortgage Trustee hereinafter named in the Borough
of Manhattan, The City of New York, New York, or at the principal office of any
successor in trust, in lawful money of the United States of America, and to pay
interest thereon at the Interest Rate(s) from time to time specified in or
determined pursuant to the Related Notes, in like lawful money payable at the
office or agency of the Company in the Borough of Manhattan, The City of New
York, New York on such interest payment date(s) and on the Maturity Date (each
an "Interest Payment Date") as provided in the Related Notes, from the Original
Issue Date specified above or from the most recent Interest Payment Date to
which interest has been paid, commencing on the Interest Payment Date next
succeeding the Original Issue Date, until the Company's obligation with respect
to the payment of such principal sum shall be discharged as provided in the
Secured Indenture hereinafter mentioned and the Senior Indenture. If the date of
the Collateral Bonds represented by this certificate is after a Record Date (as
defined below) with respect to any Interest Payment Date and prior to such
Interest Payment Date, then payment of interest shall commence on the second
Interest Payment Date succeeding such date. If the Company shall default in the
payment of interest due on any Interest Payment Date, then interest shall be
payable from the next preceding Interest Payment Date to which interest has been
paid, or, if no such interest has been paid on the Collateral Bonds represented
by this certificate, from the Original Issue Date. So long as there is no
existing default in the payment of interest, the person in whose name the
Collateral Bonds represented by this certificate were registered at the close of
business on the relevant Record Date with respect to an Interest Payment Date
shall be entitled to receive the interest payable on such Interest Payment Date,
except that if the Company shall default in the payment of interest due on such
Interest Payment Date, such defaulted interest shall be paid to the person in
whose name the Collateral Bonds represented by this Certificate are registered
on the Record Date for the Interest Payment Date fixed by the Company for the
payment of such defaulted interest, provided that in no case shall such Record
Date be less than ten days after notice thereof shall have been mailed to all
registered holders of Collateral Bonds. The term "Record Date" as used herein
with respect to any Interest Payment Date shall mean the last Business Day which
is more than ten calendar days prior to such Interest Payment Date.

         "Business Day" means any day other than a Saturday or Sunday or a day
on which banking institutions in The City of New York are required or authorized
to close and, in the case of Related Notes in the Floating Rate Mode (as defined
in the form of Related Note), a day that is also a London Business Day. "London
Business Day" means any day on which dealings in deposits in U.S. dollars are
transacted in the London interbank market.

         The bonds represented by this certificate, of the series hereinafter
specified, are bonds of the Company (herein called the "bonds") known as its
"First Mortgage Bonds," issued and to be issued in one or more series under, and
all equally and ratably secured by, an Indenture of Mortgage and Deed of Trust
dated as of March 1, 1944, duly executed by the Company to City

                                      I-2
<PAGE>   13
 Bank Farmers Trust Company (now known as Citibank, N.A., successor trustee, as
"Mortgage Trustee") and Ralph E. Morton (Robert T. Kirchner, successor
individual trustee and, together with Citibank, N.A., the "Secured Trustees") as
restated in Part II of the Twenty-ninth Supplemental Indenture dated as of July
15, 1989, which became effective on April 1, 1994, to which indenture and all
indentures supplemental thereto executed on and after July 15, 1989 reference is
hereby made for a description of the property mortgaged and pledged, the nature
and extent of the security, the terms and conditions upon which the bonds are,
and are to be, issued and secured, and the rights of the holders of the bonds
and of the Secured Trustees in respect of such security (which indenture and all
indentures supplemental thereto, including the Thirty-fifth Supplemental
Indenture, dated as of June 18, 1998, as supplemented by the Supplemental
Indenture dated as of -, are hereinafter collectively called the "Secured
Indenture"). As provided in the Secured Indenture, the bonds may be for various
principal sums and are issuable in series, which may mature at different times,
may bear interest at different rates and may otherwise vary as therein provided.
The bonds represented by this certificate are part of a Series designated
"Collateral Bonds," herein called Collateral Bonds, created by the Thirty-fifth
Supplemental Indenture, dated as of June 18, 1998, as supplemented by the -
Supplemental Indenture dated as of -, as provided for in the Secured Indenture.

         With the consent of the Company and to the extent permitted by and as
provided in the Secured Indenture and the Senior Indenture, the rights and
obligations of the Company and/or the rights of the holders of the Collateral
Bonds of the - Series and/or the terms and provisions of the Secured Indenture
may be modified or altered by such affirmative vote or votes of the holders of
the Related Notes then outstanding as are specified in the Senior Indenture.

         The Collateral Bonds shall be redeemed if and to the extent Related
Notes are redeemed, as provided in the Senior Indenture with respect to the
Related Notes and in the Related Notes.

         In case an Event of Default as defined in the Secured Indenture or the
Senior Indenture shall occur, the principal of the Collateral Bonds may become
or be declared due and payable in the manner, with the effect, and subject to
the conditions provided in the Secured Indenture and the Senior Indenture.

         The Senior Trustee has agreed pursuant to the Senior Indenture to hold
the Collateral Bonds as collateral for the benefit of the holders of the Related
Notes under all circumstances and not to transfer (except to a successor
trustee) such Collateral Bonds until the earlier of the Release Date or the
prior retirement of the Related Notes through redemption, repurchase or
otherwise. "Release Date" means the date on which all First Mortgage Bonds of
the Company issued and outstanding under the Secured Indenture, other than the
Collateral Bonds, have been retired (at, before or after the maturity thereof)
through payment, redemption or otherwise provided that no default or event of
default has occurred and is continuing under the Senior Indenture. On the
Release Date, the Senior Trustee shall deliver to the Company for cancellation
all Collateral Bonds, and the Company shall cause the Senior Trustee to provide
notice to all holders of Related Notes of the occurrence of the Release Date. As
a result, on the Release Date, the Collateral Bonds shall cease to secure the
Related Notes. Following the Release Date, the Company shall cause the Secured
Indenture to be closed, and the Company shall not issue any additional
Collateral Bonds to be issued thereunder. From and after the Release Date, the
Company's obligations in respect of the Collateral Bonds shall be satisfied and
discharged.

                                      I-3
<PAGE>   14

         No recourse shall be had for the payment of the principal of, or the
interest on, the Collateral Bonds, or for any claim based hereon or otherwise in
respect of the Collateral Bonds or the Secured Indenture, Senior Indenture or
any indenture supplemental to either thereof, or against any incorporator,
stockholder, director or officer, past, present or future, of the Company, as
such, or any predecessor or successor corporation, either directly or through
the Company or any such predecessor or successor corporation, whether by virtue
of any constitution, statute or rule of law, or by the enforcement of any
assessment or penalty or otherwise, all such liability, whether at common law,
in equity, by any constitution, statute or otherwise, of incorporators,
stockholders, directors or officers being waived and released by the owner
hereof and every owner of any Related Note by the acceptance of the Collateral
Bonds or such Related Note, as the case may be, and as part of the consideration
for the issue thereof, and being likewise waived and released pursuant to the
Secured Indenture and the Senior Indenture.

         The Collateral Bonds shall not be valid or become obligatory for any
purpose unless and until the certificate of authentication hereon shall have
been manually executed by the Mortgage Trustee or its successor in trust under
the Secured Indenture.

                                      I-4
<PAGE>   15

         IN WITNESS WHEREOF, MICHIGAN CONSOLIDATED GAS COMPANY has caused this
certificate to be executed under its name with the signature of its duly
authorized Officer, under its corporate seal, which may be a facsimile, attested
with the signature of its [Secretary] [Assistant Secretary.]

  Dated:
          ---------------

                                             MICHIGAN CONSOLIDATED GAS COMPANY

                                             By:
                                                --------------------------------

Attest:

         The bonds represented by this certificate constitute Collateral Bonds
of the series designated and described in the within-mentioned Secured
Indenture.

                                             CITIBANK, N.A., as Mortgage Trustee

                                             By:
                                                --------------------------------
                                                Authorized Officer

                                      I-5<PAGE>   1
                                                                    EXHIBIT 10.1

                            INDEMNIFICATION AGREEMENT

         This Indemnification Agreement ("Agreement") is made as of the ____ day
of _______________, _______ by and between Michigan Consolidated Gas Company, a
Michigan corporation (the "Company"), and __________________, an officer of the
Company (the "Indemnitee").

         RECITALS

         A.   The Indemnitee is presently serving as an officer of the Company
and the Company desires the Indemnitee to continue in such capacity. The
Indemnitee is willing, subject to certain conditions, including without
limitation the execution and performance of this Agreement by the Company, to
continue in that capacity.

         B.    In addition to the indemnification to which the Indemnitee is
entitled under the Restated Articles of Incorporation (the "Articles") or
By-Laws of the Company in effect from time to time, the Company has obtained at
its sole expense insurance protecting its officers and directors, including the
Indemnitee, against certain losses arising out of actual or threatened actions,
suits or proceedings to which such persons may be made or threatened to be made
parties. However, as a result of circumstances having no relation to, and beyond
the control of, the Company and the Indemnitee, there can be no assurance of the
continuation, renewal or scope of that insurance.

         Accordingly, and in order to induce the Indemnitee to continue to serve
in the Indemnitee's present capacity, the Company and Indemnitee agree as
follows:

                                      -1-

<PAGE>   2

         1.   Continued Service.   The Indemnitee will continue to serve as an
officer of the Company so long as the Indemnitee is duly elected and qualified
in accordance with the By-Laws of the Company in effect from time to time or
until the Indemnitee resigns in writing in accordance with applicable law.

         2.   Initial Indemnity.

              (a)  The Company shall indemnify the Indemnitee when the
Indemnitee was or is a party or is threatened to be made a party to any
threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative and whether formal or informal, other
than an action by or in the right of the Company, by reason of the fact that the
Indemnitee is or was a director, officer, employee or agent of the Company, or
is or was serving at the request of the Company as a director, officer, employee
or agent of another foreign or domestic corporation, partnership, joint venture,
trust or other enterprise, whether for profit or not, against expenses,
including attorneys' fees, judgments, penalties, fines and amounts paid in
settlement actually and reasonably incurred by the Indemnitee in connection with
such action, suit or proceeding if the Indemnitee acted in good faith and in a
manner the Indemnitee reasonably believed to be in, or not opposed to the best
interests of the Company or its shareholders, and, with respect to any criminal
action or proceeding, had no reasonable cause to believe such conduct was
unlawful. The termination of any action, suit or proceeding by judgment, order,
settlement, conviction or upon a plea of nolo contendere or its equivalent shall
not, of itself, create a presumption that the Indemnitee did not act in good
faith and in a manner which the Indemnitee reasonably believed to be in or not
opposed to the best interests of the

                                      -2-

<PAGE>   3

Company or its shareholders and, with respect to any criminal action or
proceeding, that the Indemnitee had reasonable cause to believe that such
conduct was unlawful.

              (b)  The Company shall indemnify the Indemnitee when the
Indemnitee was or is a party or is threatened to be made a party to any
threatened, pending or completed action or suit by or in the right of the
Company to procure a judgment in its favor by reason of the fact that the
Indemnitee is or was a director, officer, employee, or agent of the Company, or
is or was serving or had agreed to serve at the request of the Company as a
director, officer, partner, trustee, employee or agent of another foreign or
domestic corporation, partnership, joint venture, trust or other enterprise,
whether for profit or not, against expenses, including attorneys' fees and
amounts paid in settlement actually and reasonably incurred by the Indemnitee in
connection with the action or suit, if the Indemnitee acted in good faith and in
a manner the Indemnitee reasonably believed to be in, or not opposed to the best
interests of the Company or its shareholders. Indemnification shall not be made
for a claim, issue or matter in which the Indemnitee has been found liable to
the Company except to the extent the Court conducting the proceeding or another
court of competent jurisdiction shall determine upon application that the
Indemnitee is fairly and reasonably entitled to indemnification in view of all
relevant circumstances whether or not the Indemnitee met the standard of conduct
set forth in this paragraph (b) or was so adjudged liable to the Company,
provided that if the Indemnitee was adjudged liable, such indemnification is
limited to reasonable expenses incurred.

              (c)  To the extent that the Indemnitee has been successful, on the
merits or otherwise, in defense of any action, suit or proceeding referred to in
Section 2(a) or 2(b) hereof, or in defense of any claim, issue or matter in the
action, suit or proceeding, the Indemnitee shall

                                       -3-

<PAGE>   4

be indemnified against actual and reasonable expenses, including attorneys' fees
incurred by the Indemnitee in connection with the action, suit or proceeding and
an action suit or proceeding brought to enforce the mandatory indemnification
provided in this Section.

              (d)  Any indemnification under Section 2(a) or 2(b) (unless
ordered by a court) shall be made by the Company only as authorized in the
specific case upon a determination in accordance with Section 4 hereof or any
applicable provision of the Restated Articles of Incorporation of the Company in
effect from time to time, By-Laws, other agreement, resolution or otherwise.
Such determination shall be made (i) by a majority vote of a quorum of the Board
of Directors of the Company (the "Board") consisting of directors who are not
parties or threatened to be made parties to such action, suit or proceeding or
(ii) if such a quorum is not obtainable, by a majority vote of a committee duly
designated by the Board consisting solely of two or more directors not at the
time parties or threatened to be made parties to the suit, action, or proceeding
or (iii) by independent legal counsel (designated in the manner provided below
in this subsection (d)) in a written opinion or (iv) by all independent
directors who are not parties to such action, suit or proceeding or (v) by the
shareholders of the Company (the "Shareholders"), but shares held by directors,
officers, employees or agents who are parties or threatened to be made parties
to the action suit or proceeding may not be voted. Independent legal counsel
shall be designated by the Board or its Committee in the manner prescribed in
Section 2(d)(i) or 2(d)(ii); provided, however, that if the Board is unable or
fails to so designate, such designation shall be made by the Indemnitee subject
to the approval of the Company (which approval shall not be unreasonably
withheld). In the designation of a committee under subsection 2(d)(ii) or the
selection of independent legal counsel by the Board, all directors may
participate. Independent

                                      -4-

<PAGE>   5

legal counsel shall not be any person or firm who, under the applicable
standards of professional conduct then prevailing, would have a conflict of
interest in representing either the Company or the Indemnitee in an action to
determine the Indemnitee's rights under this Agreement. The Company agrees to
pay the reasonable fees and expenses of such independent legal counsel and to
indemnify fully such counsel against costs, charges and expenses (including
attorneys' and others' fees and expenses) actually and reasonably incurred by
such counsel in connection with this Agreement or the opinion of such counsel
pursuant hereto.

              (e) If the Indemnitee is entitled to indemnification under Section
2(a) or 2(b) for a portion of expenses, including reasonable attorneys' fees,
judgments, penalties, fines and amounts paid in settlement, but not for the
total amount, the Company shall indemnify the Indemnitee for the portion of the
expenses, judgments, penalties, fines or amounts paid in settlement for which
the Indemnitee is entitled to be indemnified.

              (f)  The Company shall pay or reimburse the reasonable expenses
(including attorneys' and others' fees and expenses) incurred by the Indemnitee
in the Indemnitee's capacity as a director or officer of the Company who is a
party or threatened to be made a party to an action, suit or proceeding in
advance of the final disposition of such action, suit or proceeding subject to
the provisions of and in the manner prescribed by Section 4(b) hereof.

              (g)  The Company shall not adopt any amendment to the Articles or
By-Laws the effect of which would be to deny, diminish or encumber the
Indemnitee's rights to indemnity pursuant to the Articles, By-Laws, the Business
Corporation Act of the State of Michigan (the "BCA") or any other applicable law
as applied to any act or failure to act occurring in whole or in part prior to
the date (the "Effective Date") upon which the amendment was approved by the

                                      -5-
<PAGE>   6
Board or the Shareholders, as the case may be. In the event that the Company
shall adopt any amendment to the Articles or By-Laws the effect of which is to
so deny, diminish or encumber the Indemnitee's rights to indemnity, such
amendment shall apply only to acts or failures to act occurring entirely after
the Effective Date thereof unless the Indemnitee shall have voted in favor of
such adoption as a officer or holder of record of the Company's voting stock,
as the case may be.

              (h) Upon application to a court by the Indemnitee pursuant to
Section 564c of the BCA, and a determination of such court that the Indemnitee
is fairly and reasonably entitled to indemnification, the Company shall pay to
the Indemnitee the amount so ordered by the court.

         3. Additional Indemnification.

              (a) Pursuant to Section 565 of the BCA, without limiting any right
which the Indemnitee may have pursuant to Section 2 hereof, the Articles, the
By-Laws, the BCA, any policy of insurance or otherwise, but subject to the
limitations on the maximum permissible indemnity which may exist under
applicable law at the time of any request for indemnity hereunder determined as
contemplated by Section 3(a) hereof, the Company shall indemnify the Indemnitee
against any amount which the Indemnitee is or becomes legally obligated to pay
relating to or arising out of any claim made against the Indemnitee because of
any act, failure to act or neglect or breach of duty, including any actual or
alleged error, misstatement or misleading statement, which the Indemnitee
commits, suffers, permits or acquiesces in while acting in such capacity as an
officer or director of the Company, or, at the request of the Company, as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise. The payments which the Company is obligated
to make pursuant to this

                                      -6-

<PAGE>   7

Section 3 shall include without limitation damages, judgments, settlements and
charges, costs, expenses, expenses of investigation and expenses of defense of
legal actions, suits, proceedings or claims and appeals therefrom, and expenses
of appeal, attachment or similar bonds; provided, however, that the Company
shall not be obligated under this Section 3(a) to make any payment in connection
with any claim against the Indemnitee:

         (i) to the extent of any fine or similar governmental imposition which
         the Company is prohibited by applicable law from paying which results
         from a final nonappealable order; or

         (ii) to the extent based upon or attributable to the Indemnitee gaining
         in fact a personal profit to which the Indemnitee was not legally
         entitled, including without limitation profits made from the purchase
         and sale by the Indemnitee of equity securities of the Company which
         are recoverable by the Company pursuant to Section 16(b) of the
         Securities Exchange Act of 1934, as amended, and profits arising from
         transactions in publicly traded securities of the Company which were
         effected by the Indemnitee in violation of Section 10(b) of the
         Securities Exchange Act of 1934, as amended, including Rule 10b-5
         promulgated thereunder.

The determination of whether the Indemnitee shall be entitled to indemnification
under this Section 3(a) may be, but shall not be required to be, made in
accordance with Section 4(a) hereof. If that determination is so made, it shall
be binding upon the Company and the Indemnitee for all purposes.

              (b) Expenses (including without limitation attorneys' and others'
fees and expenses) incurred by Indemnitee in defending any actual or threatened
civil or criminal action,

                                      -7-

<PAGE>   8

suit, proceeding or claim shall be paid by the Company in advance of the final
disposition thereof as authorized in accordance with Section 4(b) hereof.

         4. Certain Procedures Relating to Indemnification and Advancement of
Expenses.

              (a) Except as otherwise permitted or required by the BCA, for
purposes of pursuing the Indemnitee's rights to indemnification under Section
2(a), 2(b) or 3(a) hereof, as the case may be, the Indemnitee may, but shall not
be required to, (i) submit to the Board a sworn statement of request for
indemnification substantially in the form of Exhibit 1 attached hereto and made
a part hereof (the "Indemnification Statement") averring that the Indemnitee is
entitled to indemnification hereunder; and (ii) present to the Company
reasonable evidence of all expenses for which payment is requested. Submission
of an Indemnification Statement to the Board shall create a presumption that the
Indemnitee is entitled to indemnification under Section 2(a), 2(b) or 3(a)
hereof, as the case may be, and the Board shall be deemed to have determined
that the Indemnitee is entitled to such indemnification unless within 30
calendar days after submission of the Indemnification Statement the Board shall
determine by vote of a majority of the directors at a meeting at which a quorum
is present, based upon clear and convincing evidence (sufficient to rebut the
foregoing presumption), and the Indemnitee shall have received notice within
such period in writing of such determination, that the Indemnitee is not so
entitled to indemnification. No such determination shall be effective unless
written notice thereof, disclosing with particularity the evidence in support of
the Board's determination, shall have been given to the Indemnitee within 30
calendar days after submission of the Indemnification Statement. The foregoing
notice shall be sworn to by all persons who participated in the determination
and voted to deny indemnification. The provisions of this

                                      -8-

<PAGE>   9

Section 4(a) are intended to be procedural only and shall not affect the right
of the Indemnitee to indemnification under this Agreement, and any determination
by the Board that the Indemnitee is not entitled to indemnification and any
failure to make the payments requested in the Indemnification Statement shall be
subject to judicial review as provided in Section 6 hereof.

              (b) For purposes of determining whether to authorize advancement
of expenses pursuant to Section 2(e) hereof, the Indemnitee shall submit to the
Board a sworn statement of request for advancement of expenses substantially in
the form of Exhibit 2 attached hereto and made a part hereof (the
"Undertaking"), averring that (i) the Indemnitee, in good faith, believes that
the applicable standards of conduct set forth in Section 2(a), 2(b) or 3(a), as
the case may be, have been met, (ii) the Indemnitee has reasonably incurred or
will reasonably incur actual expenses in defending an actual civil or criminal
action, suit, proceeding or claim and (iii) the Indemnitee undertakes to repay
such amount if it shall ultimately be determined that the Indemnitee did not
meet the applicable standard of conduct or is not entitled to be indemnified by
the Company under this Agreement or otherwise. For purposes of requesting
advancement of expenses pursuant to Section 3(b) hereof, the Indemnitee may, but
shall not be required to, submit an Undertaking or such other form of request as
the Indemnitee determines to be appropriate (an "Expense Request"). Upon receipt
of an Undertaking or Expense Request, as the case may be, such payments shall
immediately be made by the Company provided that a determination is made that
facts then known to those making the determination would not preclude
indemnification under the BCA. Such determination shall be made within 10
calendar days of the date of receipt by the Company of the Expense Request and
shall be made in the manner specified in Section 2(d). No security shall be
required in connection with any

                                      -9-

<PAGE>   10

Undertaking or Expense Request and any Undertaking or Expense Request shall be
accepted without reference to the Indemnitee's ability to make repayment.

         5. Subrogation: Duplication of Payments.

              (a) In the event of payment under this Agreement, the Company
shall be subrogated to the extent of such payment to all of the rights of
recovery of the Indemnitee, who shall execute all papers required and shall do
everything that may be necessary to secure such rights, including the execution
of such documents necessary to enable the Company effectively to bring suit to
enforce such rights.

              (b) The Company shall not be liable under this Agreement to make
any payment in connection with any claim made against the Indemnitee to the
extent the Indemnitee has actually received payment (under any insurance policy,
the Articles, the By-Laws or otherwise) of the amounts otherwise payable
hereunder.

         6. Enforcement.

              (a) If a claim for indemnification made to the Company pursuant to
Section 4 hereof is not paid in full by the Company within 30 calendar days
after a written claim has been received by the Company, the Indemnitee may at
any time thereafter bring suit against the Company to recover the unpaid amount
of the claim.

              (b) In any action brought under Section 6(a) hereof, it shall be a
defense to a claim for indemnification pursuant to Section 2(a) or 2(b) hereof
that the Indemnitee has not met the standards of conduct which make it
permissible under the BCA for the Company to indemnify the Indemnitee for the
amount claimed, but the burden of proving such defense shall be on the Company.
Neither the failure of the Company (including the Board, independent legal

                                      -10-

<PAGE>   11
counsel or the Shareholders) to have made a determination prior to commencement
of such action that indemnification of the Indemnitee is proper in the
circumstances because the Indemnitee has met the applicable standard of conduct
set forth in the BCA, nor an actual determination by the Company (including the
Board, independent legal counsel or the Shareholders) that the Indemnitee has
not met such applicable standard of conduct, shall be a defense to the action or
create a presumption that the Indemnitee has not met the applicable standard of
conduct.

         (c)  It is the intent of the Company that the Indemnitee not be
required to incur the expenses associated with the enforcement of the
Indemnitee's rights under this Agreement by litigation or other legal action
because the cost and expense thereof would substantially detract from the
benefits intended to be extended to the Indemnitee hereunder. Accordingly, if it
should appear to the Indemnitee that the Company has failed to comply with any
of its obligations under the Agreement or in the event that the Company or any
other person takes any action to declare this Agreement void or unenforceable,
or institutes any action, suit or proceeding designed (or having the effect of
being designed) to deny, or to recover from, the Indemnitee the benefits
intended to be provided to the Indemnitee hereunder, the Company irrevocably
authorizes the Indemnitee from time to time to retain counsel of the
Indemnitee's choice, at the expense of the Company as hereafter provided, to
represent the Indemnitee in connection with the initiation or defense of any
litigation or other legal action, whether by or against the Company or any
director, officer, stockholder or other person affiliated with the Company, in
any jurisdiction. Regardless of the outcome thereof, the Company shall pay and
be solely responsible for any and all costs, charges and expenses, including
without limitation attorneys' and others' fees and

                                      -11-

<PAGE>   12

expenses, reasonably incurred by the Indemnitee (i) as a result of the Company's
failure to perform this Agreement or any provision thereof or (ii) as a result
of the Company or any person contesting the validity or enforceability of this
Agreement or any provision thereof as aforesaid.

         7.   Merger or Consolidation. In the event that the Company shall be a
constituent corporation in a consolidation, merger or other reorganization, the
Company, if it shall not be the surviving, resulting or other corporation
therein, shall require as a condition thereto the surviving, resulting or
acquiring corporation to agree to indemnify the Indemnitee to the full extent
provided in this Agreement. Whether or not the Company is the resulting,
surviving or acquiring corporation in any such transaction, the Indemnitee shall
also stand in the same position under this Agreement with respect to the
resulting, surviving or acquiring corporation as the Indemnitee would have with
respect to the Company if its separate existence had continued.

         8.   Nonexclusivity and Severability.

              (a)  The right to indemnification provided by this Agreement shall
not be exclusive of any other rights to which the Indemnitee may be entitled
under the Articles, By-Laws, the BCA, any other statute, insurance policy,
agreement, vote of shareholders or of directors or otherwise, both as to actions
in the Indemnitee's official capacity and as to actions in another capacity
while holding such office, and shall continue after the Indemnitee has ceased to
be a director, officer, employee or agent and shall inure to the benefit of the
Indemnitee's heirs, executors and administrators.

              (b)  If any provision of this Agreement or the application of any
provision hereof to any person or circumstances is held invalid, unenforceable
or otherwise illegal, the remainder of this Agreement and the application of
such provision to other persons or

                                      -12-

<PAGE>   13

circumstances shall not be affected, and the provision so held to be invalid,
unenforceable or otherwise illegal shall be reformed to the extent (and only to
the extent) necessary to make it enforceable, valid and legal.

         9.   Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of Michigan, without giving effect to
the principles of conflict of laws thereof.

         10.  Modification: Survival. This Agreement contains the entire
agreement of the parties relating to the subject matter hereof. This Agreement
may be modified only by an instrument in writing signed by both parties hereto.
The provisions of this Agreement shall survive the death, disability, or
incapacity of the Indemnitee or the termination of the Indemnitee's service as a
an officer or director of the Company and shall inure to the benefit of the
Indemnitee's heirs, executors and administrators.

         11.  Certain Terms. For purposes of this Agreement, references to
"other enterprises" shall include employee benefit plans; references to "fines"
shall include any excise taxes assessed on Indemnitee with respect to any
employee benefit plan; and references to "serving at the request of the Company"
shall include any service as a director, officer, employee or agent of the
Company which imposes duties on, or involves services by, the Indemnitee with
respect to an employee benefit plan, its participants or beneficiaries;
references to the masculine shall include the feminine and vice versa;
references to the singular shall include the plural and vice versa; and if the
Indemnitee acted in good faith and in a manner the Indemnitee reasonably
believed to be in the interest of the participants and beneficiaries of an
employee benefit plan the Indemnitee shall

                                      -13-

<PAGE>   14

be deemed to have acted in a manner "not opposed to the best interests of the
"Company" as referred to herein.

         IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the date first above written.

                           MICHIGAN CONSOLIDATED GAS COMPANY

                                 --------------------------------------
                           By:   Susan M. Beale
                                 Vice President and Corporate Secretary

                           INDEMNITEE

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

                                      -14-

<PAGE>   15

                                                                       EXHIBIT 1

                           INDEMNIFICATION STATEMENT

STATE OF MICHIGAN        )
                         )SS
COUNTY OF________________)

         I, _____________________________, being first duly sworn, do depose and
say as follows:

         1.   This Indemnification Statement is submitted pursuant to the
Indemnification Agreement, dated as of ___________, ______, between Michigan
Consolidated Gas Company, a Michigan corporation (the "Company"), and the
undersigned.

         2.   I am requesting indemnification against charges, costs, expenses
(including attorneys' and others' fees and expenses), judgments, fines and
amounts paid in settlement, all of which (collectively, "Liabilities") have been
or will be incurred by me in connection with an actual or threatened action,
suit, proceeding or claim to which I am a party or am threatened to be made a
party.

         3.   With respect to all matters related to any such action, suit,
proceeding or claim, I am entitled to be indemnified as herein contemplated
pursuant to the aforesaid Agreement.

         4.   Without limiting any other rights which I have or may have, I am
requesting indemnification against Liabilities which have arisen or may arise
out of

                                               _________________________________

         Subscribed and sworn to before me, a Notary Public in and for said
County and State, this ___ day of __________, 20___.

                                                    ____________________________

[Seal]
         My commission expires the ____ day of _______________________, 20___.

                                      -15-

<PAGE>   16

                                                                       EXHIBIT 2

                                  UNDERTAKING

STATE OF MICHIGAN        )
                         )SS
COUNTY OF________________)

         I, _____________________, being first duly sworn do depose and say as
follows:

         1.   This Undertaking is submitted pursuant to the Indemnification
Agreement (the "Agreement"), dated as of ___________, ______, between Michigan
Consolidated Gas Company, a Michigan corporation (the "Company"), and the
undersigned.

         2.   I am requesting advancement of certain costs, charges and expenses
which I have incurred or will incur in defending an actual or pending civil or
criminal action, suit, proceeding or claim.

         3.   I affirm my good faith belief that I meet the applicable standard
of conduct set forth in Section 2(a), 2(b) or 3(a) of the Agreement.

         4.   I hereby undertake to repay this advancement of expenses if it
shall ultimately be determined that I did not meet the applicable standard of
conduct or am not entitled to be indemnified by the Company under the aforesaid
Agreement or otherwise.

         5.   My undertaking to repay is my unlimited general obligation.

         6.   The costs, charges and expenses for which advancement is requested
are, in general, all expenses related to _______________________________.

                                               _________________________________

         Subscribed and sworn to before me, a Notary Public in and for said
County and State, this ___ day of __________, 20___.

[Seal]

                                                    ____________________________

         My commission expires the ____ day of _______________________, 20___.

                                      -16-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00026-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00026-of-00352.parquet"}]]