Contract

by KeySpan
February 22nd, 2007

Exhibit 10.29 COMPENSATION FOR NON-MANAGEMENT DIRECTORS OF KEYSPAN ---------------------------------------------------- The non-management Directors of KeySpan Corporation receive the following compensation: $43,500 annual retainer; $2,000 committee meeting fee; $5,000 committee chairman retainer; $10,000 audit committee chairman retainer; $10,000 Lead Director retainer; and $64,000 in common stock equivalents granted under the Directors' Deferred Compensation Plan. Employee directors receive no additional compensation for serving on the Board or its committees.