EXHIBIT 10-21 AMENDMENT NO. 1 to THE RETIREMENT PLAN FOR DIRECTORS of NEW YORK STATE ELECTRIC & GAS CORPORATION The Retirement Plan for Directors of New York State Electric & Gas Corporation (the "Plan") is hereby amended, effective as of February 11, 1994, as follows: 1. Article 8 of the Plan is amended to read, in its entirety, as follows: 8) Funding There shall be no funding of any amounts to be paid pursuant to this Plan; provided, however, that the Corporation, in its discretion, may establish a trust to pay such amounts, which trust shall be subject to the claims of the Corporation's creditors in the event of the Corporation's bankruptcy or insolvency; and provided, further, that the Corpora- tion shall remain responsible for the payment of any such amounts which are not so paid by any such trust.