Working CSS Modules Webpack config

webpack2.css-modules.config.js

const path = require('path');
const webpack = require('webpack');
const ExtractTextPlugin = require('extract-text-webpack-plugin');

module.exports = {

  entry: [
    path.resolve(__dirname, 'src')
  ],

  output: {
    path: path.resolve(__dirname, 'dist'),
    filename: 'bundle.js'
  },

  plugins: [
    new ExtractTextPlugin('style.css')
  ],

  module: {
    rules: [
      {
        test: /\.js$/,
        exclude: [path.resolve(__dirname, 'node_modules')],
        use: {
          loader: 'babel-loader',
          options: {
            presets: ['es2015']
          }
        }
      },
      {
        test: /\.css$/,
        use: ExtractTextPlugin.extract({
          fallback: 'style-loader',
          use: {
            loader: 'css-loader',
            options: {
              modules: true,
              localIdentName: '[path][name]__[local]--[hash:base64:5]'
            }
          }
        })
      }
    ]
  }

};