8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report February 24, 2005

(Date of earliest event reported)

THE YORK WATER COMPANY

(Exact name of registrant as specified in its charter)

PENNSYLVANIA	0-690		23-1242500
(State or other jurisdiction	(Commission		(I.R.S. Employer
of incorporation)	File Number)		Identification No.)
130 EAST MARKET STREET YORK, PENNSYLVANIA		17401
(Address of principal executive offices)		(Zip Code)

(717) 845-3601

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

THE YORK WATER COMPANY

Item 2.02 Results of Operations and Financial Condition.

On February 24, 2005, The York Water Company issued a press release announcing its fourth quarter and annual 2004 financial results. The press release is being furnished with this Current Report on Form 8-K Exhibit 99.1 and is hereby incorporated herein by reference. This report (including the exhibit) shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference in any filing made by the Registrant pursuant to the Securities Act of 1933, as amended, other than to the extent that such filing incorporates by reference any or all of such information by express reference thereto.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

99.1Press Release, February 24, 2005, issued by the York Water Company

THE YORK WATER COMPANY

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	THE YORK WATER COMPANY
Date: February 24, 2005	By:	/s/ Kathleen M. Miller
		Kathleen M. Miller
		Chief Financial Officer

EX-99.1

EXHIBIT 99.1

News Release
		The York Water Company
		130 East Market Street
		York, PA 17401
Contact:	Jeffrey S. Osman, President
or	Kathleen M. Miller, Chief Financial Officer
Phone:	717-845-3601	FOR IMMEDIATE RELEASE

YORK WATER COMPANY ANNOUNCES RECORD EARNINGS FOR 2004

York, Pennsylvania, February 24, 2005: The York Water Company’s (Nasdaq: YORW) President, Jeffrey S. Osman, announced today that the Company has achieved yet another all-time high financial performance in 2004. The Company posted the highest ever operating revenues, operating income, earnings and earnings per share. Improved revenues, operating income and earnings are attributed to customer growth and increased rates, which became effective June 26, 2003 and November 9, 2004 and a one-time after-tax gain of $441,507 related to the sale of land.

President Osman reported that the operating revenues of $22,504,012 were up 7.7% and that earnings of $5,300,523 increased 19.2% compared to 2003.

During the year, the Company incurred over $25.9 million on construction projects, primarily on the Susquehanna River pipeline project and additionally on its water distribution system to expand its service territory. The pipeline project connects the Susquehanna River to the Company's Lake Redman. This major water project provides an additional source of supply for the Company to continue to expand its customer base. The Company installed over 122,500 feet of pipe to expand its service territory, and 78,223 feet for the Susquehanna River pipeline during 2004.

Operating revenues for the fourth quarter increased $777,000 or 14.7% over the fourth quarter of 2003. Net income for the fourth quarter increased $288,000 or 25.1% compared to the fourth quarter 2003. Improved revenue and earnings during the fourth quarter are attributed to customer growth and increased rates effective November 9, 2004.

	Period Ended December 31
	In 000's (except per share)
	Quarter		Twelve Months
	2004	2003	2004	2003
Water Operating Revenues	$6,074	$5,297	$22,504	$20,889
Net Income	$1,435	$1,147	$5,301	$4,448
Average Number of Common Shares Outstanding	6,874	6,386	6,625	6,386
Basic Earnings Per Common Share	$0.21	$0.18	$0.80	$0.70
Dividends Paid Per Common Share	$0.156	$0.145	$0.591	$0.550