Document:

Exhibit 4      

SECOND AMENDMENT TO
 UNSECURED CREDIT AGREEMENT

This Second Amendment (“Second Amendment”)
is made by and among the parties hereto as of this 22nd day of October, 2004, to that certain $100,000,000 Unsecured Credit Agreement
originally dated as of May 7, 2002, by and among The Empire District Electric Company, as Borrower, UMB Bank, N.A., individually and as Administrative
Agent (“Agent”), Bank of America, N.A., individually and as Syndication Agent and the other financial institutions party thereto, as Lenders,
as previously amended as of April 17, 2003, (the “Agreement”). Capitalized terms used herein but not otherwise defined have the meanings set
forth in the Agreement.

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

	1.  
	 	Section 2.1 of the Agreement is hereby amended by deleting the
text “April 17, 2005” appearing in the first sentence thereof and inserting the text “May 31, 2006” in lieu thereof.

	2.  
	 	The pricing schedule set forth on Exhibit B to the Agreement is
hereby replaced with a new Exhibit B in the form attached hereto and incorporated herein by reference.

	3.  
	 	Section 4.3 of the Agreement is hereby amended by changing the
title thereof to “Extension Fee” and deleting the text thereof in its entirety and inserting the following in lieu thereof: “As of May
31, 2005, and thereafter as of May 31 of each year if the Revolving Credit Termination Date is extended for an additional year, the Company shall pay
to the Agent for the ratable account of the Banks an extension fee equal to 0.10% of the total Revolving Credit Commitments of all of the Banks as of
such date (whether or not then in use or available). In the event any Bank receives its ratable portion of an extension fee for any year during which
it does not remain a party to this Agreement for the entirety of such year and does not obtain an assignee lender pursuant to Section 11.17(a) on its
own, such Bank shall pay to any assignee lender obtained by the Agent the portion of the extension fee such Bank received which is attributable to that
portion of such year during which such Bank is not a party to this Agreement. In the event the Company terminates this Agreement prior to the then
effective Revolving Credit Termination Date, the Company shall pay to the Agent for the ratable account of the Banks all extension fees which would
have been otherwise payable to the Agent for the ratable account of the Banks if the Company had not terminated this Agreement prior to the Revolving
Credit Termination Date.”

	4.  
	 	The definition of “Closing Date” in Section 1.1 of the
Agreement is deleted in its entirety and the following is inserted in lieu thereof: “Closing Date” shall mean October 22, 2004.

	5.  
	 	A new definition is hereby added to Section 1.1 which shall read
as follows: “Effective Date” shall mean the later of (i) the Closing Date or (ii) the date as of which the Company receives the approval of
the Kansas Corporation Commission to enter into the Agreement or any applicable amendment thereto.

	6.  
	 	A new Section 7.16 is hereby added to the Agreement which shall
read as follows:

“7.16 Patriot
Act.

The Agent hereby notifies the
Company that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56, signed into law October 26, 2001) (the “Act”),
and the Agent’s policies and practices, the Agent is required to obtain, verify and record certain information and documentation that identifies
the Company, which information includes the name and address of the Company and such other information that will allow the Agent to identify the
Company in accordance with the Act.

The Company shall (a) ensure, and
cause each subsidiary to ensure, that no person who owns a controlling interest in or otherwise controls the Company or any subsidiary is or shall be
listed on the Specially Designated Nationals and Blocked Person List or other similar lists maintained by the Office of Foreign Assets Control
(“OFAC”), the Department of the Treasury or included in any Executive Orders, (b) not sue or permit the use of the proceeds of the Loans to
violate any of the foreign asset control

86

	

	 	regulations of OFAC or any enabling statute or Executive Order
relating thereto, and (c) comply, and cause each subsidiary to comply, with all applicable Bank Secrecy Act laws and regulations, as
amended.”

	7.  
	 	A new Section 4.9 is hereby added to the Agreement which shall
read as follows:

“4.9 Extension of
Termination Date.

The Company may from time to time
request one (1) year extensions of the Revolving Credit Termination Date. Each such request must be in writing and delivered to the Agent not later
than January 31st of each year. Upon receipt of any such request, the Agent will notify the Banks thereof. No Bank, including the Agent, has
any obligation to consent to a requested extension. Not later than May 31st of each year, each Bank shall advise the Agent in writing of
whether it consents to or rejects any such requested extension. All Banks which reject such request shall, subject to all other provisions of this
Agreement, continue as a Bank pursuant to the terms of this Agreement until the then-scheduled Revolving Credit Maturity Date at which time all
indebtedness hereunder of the Company to Banks rejecting such extension shall be payable in full. All Banks which consent to such extension shall
execute an amendment to this Agreement prepared at the direction of the Agent to effect the extension of the Revolving Credit Termination Date as
between the Company and the Banks consenting to the extension. The Banks consenting to the extension shall have the right but not the obligation to
assume the Rights and Obligations of the Banks rejecting the extension in the manner provided in Section 11.17(b) hereof.

In the event the Banks consenting
to the extension assume less than all of the Rights and Obligations of the Banks rejecting the extension, the Agent shall seek, pursuant to the terms
of Section 11.17(b) hereof, one or more lenders which are not Banks to assume such remaining Rights and Obligations.”

	8.  
	 	A new Section 11.17(b) is hereby added to the Agreement which
shall read as follows:

“(b) Replacement
Banks. If at any time prior to the Revolving Credit Termination Date a Bank determines that it does not desire to continue as a party to this
Agreement and has not obtained an assignee lender to which all of its rights and obligations under this Agreement (“Rights and Obligations”)
may be assigned, subject to being reasonably acceptable to the Company, pursuant to Section 11.17(a) hereof, such Bank shall promptly give written
notice thereof to the Agent. Upon receipt of any such notice, the Agent shall notify the Company and advise all of the other Banks of such notice and,
subject to the Company’s consent which shall not unreasonably be withheld, all of such other Banks, including the Agent, shall have the right, but
not the obligation, to assume a portion of such assigning Bank’s Rights and Obligations hereunder. Any Bank desiring to assume a portion of such
assigning Bank’s Rights and Obligations hereunder shall, within such reasonable period as determined by the Agent, so advise the Agent in writing
of the aggregate amount of the assigning Bank’s Rights and Obligations hereunder that it desires to assume, but in no event shall such aggregate
amount be less than $3,000,000. In the event the total of all aggregate amounts of such Rights and Obligations desired to be assumed by the other Banks
exceeds the total amount of the Revolving Credit Commitment of the assigning Bank hereunder, the Agent shall allocate the assigning Bank’s Rights
and Obligations hereunder to the other Banks which advised the Agent of their desire to assume a portion of such Rights and Obligations on a pro rata
basis determined by multiplying the amount of the assigning Bank’s Revolving Credit Commitment by fractions for each of such other Banks, the
numerator of which for each such other Bank shall be the amount of such Bank’s Revolving Credit Commitment and the denominator of which shall be
$100,000,000 minus the amount of the assigning Bank’s Revolving Credit Commitment. In the event that the other Banks desire to assume less than
all of the assigning Bank’s Rights and Obligations hereunder, the Agent shall, in good faith, promptly seek one or more lenders which are not
Banks, but which must be reasonably acceptable to the Company, to assume such remaining Rights and Obligations. The assignment of the assigning
Bank’s Rights and Obligations pursuant to this Section 11.17(b) shall be made pursuant to the provisions of Section 11.17(a); provided, however,
the assigning Bank, instead of the assignee lender, shall pay to the Agent an aggregate processing and recordation fee of $4,000 and any out-of-pocket
attorney’s fees incurred in connection with the Assignment Agreement or Agreements for assignee lenders which are already Banks which are a party
to this Agreement. Nothing stated in this Section 11.17(b) shall require the Agent to obtain an assignee lender to assume all of the assigning
Bank’s Rights and Obligations

87

hereunder not assumed by the
other Banks or release the assigning Bank from any of its Rights and Obligations hereunder until an Assignment Agreement or Agreements have been
executed pursuant to Section 11.17(a) with respect thereto.”

	9.  
	 	Section 11.17(b) is hereby redesignated 11.17(c).

	10.  
	 	Until the Effective Date, the Agreement as amended as of April
17, 2003, shall remain in full force and effect.

	11.  
	 	By execution hereof, the Company confirms that no Event of
Default has occurred and is continuing.

	12.  
	 	All terms and conditions of the Agreement not expressly modified
herein shall remain in full force and effect as if this Second Amendment had not been executed and delivered by the Company.

	13.  
	 	This Second Amendment may be executed in any number of
counterparts and all such counterparts taken together shall be deemed to constitute one and the same instrument.

	14.  
	 	This Second Amendment and the rights and duties of the parties
hereto shall be construed and determined in accordance with the laws of the State of Missouri, except conflict of laws principles.

88

IN WITNESS WHEREOF, the parties hereto have executed
this Second Amendment and it shall be effective as of the Effective Date.

THE
  EMPIRE DISTRICT ELECTRIC COMPANY

  
By: _______________________________________________

	Name:	 Gregory
A. Knapp

	Title: 	 Vice
President — Finance and CFO 

UMB BANK, N.A., individually and as Administrative Agent
 

By: _______________________________________________

  

  Name: _____________________________________________

  

  Title:   _____________________________________________

  

	Address:
 
Attention:	1010 Grand Boulevard
Kansas City, MO 64106
Charles J. Wolf

BANK OF AMERICA, N.A., individually and as Syndication Agent

  
By: _______________________________________________

	Name:
Title:
Address:
 

Attention:
Telephone No.:
Telecopy No.:	
Eric A. Escagne

Vice President

800 Market Street, 12th Floor

St. Louis, MO 63101

Eric A. Escagne

314-466-6112

314-466-6744

M & I MARSHALL & ILSLEY BANK, individually

  
By: _______________________________________________

	Name:
Title:
Address:
 

Attention:
Telephone No.:
Telecopy No.:	
Gregg Weyer

Vice President

770 North Water Street

Milwaukee, WI 53202

Nenita Yumang

262-938-8675

262-938-8684

LASALLE BANK NATIONAL ASSOCIATION, individually

  
By: _______________________________________________

	Name:
Title:
Address:
 

Attention:
Telephone No.:
Telecopy No.:	
Jim Binz

First Vice President

One North Brentwood, Suite 950

St. Louis, MO 63105

_____________________________________

314-613-1917

314-621-1612

89

WELLS FARGO BANK, N.A., individually

  
By: _______________________________________________

	Name:
Title:
Address:
 
 

Attention:
Telephone No.:
Telecopy No.:	
Jennifer Mihelic

Assistant Vice President

4100 North Mulberry Drive

Suite 105

Kansas City, MO 64116

Jennifer Mihelic

816-584-8275

816-587-9537

COMERICA BANK, individually

  
By: _______________________________________________

	Name:
Title:
Address:
 

Attention:
Telephone No.:
Telecopy No.:	
Mark J. Leveille

Commercial Banking Officer

500 Woodward Avenue — MC 3269

Detroit, MI 48226

Mark J. Leveille

313-222-3958

313-222-9516

90

Exhibit B

The Empire District Electric Company
 (the
“Company”)

Pricing Schedule

	Basis
      for Pricing
      

      	    	Level
      I

      A–/A3
      

      	    	Level
      II

      BBB+/Baa1
      

      	    	Level
      III

      BBB/Baa2
      

      	    	Level
      IV

      BBB–/Baa3
      

      	    	Level
      V

      BB+/Ba1
      

      	    	Level
      VI

      <BB+/Ba1
      

      
	Applicable
      Margin for ABR Portions	    	0.0
        bps
	    	0.0
        bps
	    	0.0
        bps
	    	0.0
        bps
	    	50.0
        bps
	    	100.0
        bps

	Applicable
      Margin for LIBOR Portions	    	72.5
        bps
	    	82.5
        bps
	    	92.5
        bps
	    	112.5
        bps
	    	145.0
        bps
	    	170.0
        bps

	Facility
      Fee Rate	    	15.0
        bps
	    	17.5
        bps
	    	20.0
        bps
	    	27.5
        bps
	    	40.0
        bps
	    	45.0
        bps

	Utilization
      Fee Rate	    	12.5
        bps
	    	12.5
        bps
	    	12.5
        bps
	    	12.5
        bps
	    	25.0
        bps
	    	25.0
        bps

	Drawn
      Cost (<33% usage)	    	87.5
        bps
	    	100.0
        bps
	    	112.5
        bps
	    	140.0
        bps
	    	185.0
        bps
	    	215.0
        bps

	Drawn
      Cost (>33% usage)	    	100.0
        bps
	    	112.5
        bps
	    	125.0
        bps
	    	152.5
        bps
	    	210.0
        bps
	    	240.0
        bps

For purposes of utilizing the above
schedule:

“Level I Status” exists at any date if, on
such date, the Company’s Moody’s Rating is A3 or better or the Company’s S & P Rating is A– or better.

“Level II Status” exists at any date if,
on such date, (i) the Company has not qualified for Level I Status and (ii) the Company’s Moody’s Rating is Baa1 or better or the
Company’s S & P Rating is BBB+ or better.

“Level III Status” exists at any date if,
on such date, (i) the Company has not qualified for Level I or II Status and (ii) the Company’s Moody’s Rating is Baa2 or better or the
Company’s S & P Rating is BBB or better.

“Level IV Status” exists at any date if,
on such date, (i) the Company has not qualified for Level I, II or III Status and (ii) the Company’s Moody’s Rating is Baa3 or better or the
Company’s S & P Rating is BBB– or better.

“Level V Status” exists at any date if, on
such date, (i) the Company has not qualified for Level I, II, III or IV Status and (ii) the Company’s Moody’s Rating is Ba1 or better or the
Company’s S & P Rating is BB+ or better.

“Level VI Status” exists at any date if,
on such date, the Company has not qualified for Level I, II, III, IV or V Status.

“Moody’s Rating” means, at any time,
the rating issued by Moody’s Investors Service and then in effect with respect to the Company’s senior unsecured long-term debt securities
without third-party credit enhancement.

“S & P Rating” means, at any time, the
rating issued by Standard & Poor’s and then in effect with respect to the Company’s senior unsecured long-term debt securities without
third-party credit enhancement.

“Status” means Level I Status, Level II
Status, Level III Status, Level IV Status, Level V Status or Level VI Status.

The Applicable Margin and Applicable Fee Rate shall
be determined from time to time in accordance with the foregoing schedule based on the Company’s Status as determined from its then-current
Moody’s Rating and/or S & P Rating; provided, that, if the Company does not have both a Moody’s Rating and an S & P Rating at
closing, Level VI shall apply until the Company first receives either a Moody’s Rating or an S & P Rating. The credit rating in effect on any
date for the purposes of the foregoing schedule is that in effect at the close of business on such date. If, at any time, the Company ceases to have
both a Moody’s Rating and an S & P Rating, Level VI Status shall exist. If, at any time the Company has only a Moody’s Rating or an S
& P Rating, but not both, the Status shall be determined by reference to such rating.

If the Company is split-rated and the differential
between ratings is one level, the higher rating will apply. If the Company is split-rated and the differential between ratings is two levels or more,
the intermediate ratings at the midpoint will apply. If there is no midpoint, the higher of the two intermediate ratings will apply.

91Exhibit 10(j)

SUMMARY OF
 THE EMPIRE DISTRICT ELECTRIC COMPANY
 ANNUAL INCENTIVE
PLAN

Our annual incentive plan is the short-term
component of our incentive compensation package. Under this plan, executive officers can earn additional compensation based on their performance
measured against annual tactical goals. The specific tactical goals for each executive for each calendar year and the weight to be attached to each
goal are established at the beginning of the calendar year and are geared to the particular executive’s responsibilities. Examples of the
performance measures utilized under the annual incentive plan for the award with respect to 2004 (paid in early 2005) and for the award to be made with
respect to 2005 (payable in 2006) include expense control, regulatory performance, project completion, financial performance, and customer service.
Threshold, target and maximum performance levels are set for each performance measure. For executives to receive any incentive compensation based on
any particular performance measure, at least the threshold level of performance must have been achieved. Greater incentive compensation is payable
under the annual incentive plan if the target or maximum performance is achieved. If the target level objective is reached in each of the executive
officer’s performance areas, the executive officer would receive the target annual incentive award established for that executive. In the case of
the award for 2004 (paid in early 2005) and the award for 2005 (payable in early 2006), the target annual incentive award was set at 35% of base salary
for the Chief Executive Officer and was set at 15% of base salary for all other officers. The award under the annual incentive plan is paid in
cash.

92

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