Exhibit 10.24


              BASE SALARIES OF NAMED EXECUTIVE OFFICERS OF KEYSPAN
                        IN EFFECT AS OF FEBRUARY 23, 2006

On February 23, 2006,  following  the  recommendation  of the  Compensation  and
Management  Development  Committee,  KeySpan's  Board of Directors  set the 2006
annual  base  salaries  of the named  executive  officers  (as  defined  in Item
402(a)(3) of Regulation  S-K) of KeySpan  Corporation  (effective as of the date
indicated) as follows:

      Name                                                          Salary
      ----                                                          ------
Robert B. Catell
Chairman and Chief Executive Officer                                 $1,140,000
(Effective January 1, 2006)

Robert J. Fani
President & Chief Operating Officer                                  $782,000
(Effective January 1, 2006)

Wallace P. Parker Jr.
President, Energy Delivery and Customer Relationship Group          $625,000
(Effective January 1, 2006)

Steven L. Zelkowitz
President, Energy Assets and Supply Group                            $625,000
(Effective January 1, 2005)

Gerald Luterman
Executive Vice President & Chief Financial Officer                   $488,000
(Effective February 1, 2006)