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: March 10, 2008

(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)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

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:
¨	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 March 10, 2008, The York Water Company issued a press release announcing its fourth quarter and annual 2007 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

99.1           Press Release, March 10, 2008, 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: March 10, 2008	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
Contact:	Jeffrey R. Hines, President	York, PA  17401
or
	Kathleen M. Miller, Chief Financial Officer
Phone:	717-845-3601	FOR IMMEDIATE RELEASE

YORK WATER COMPANY ANNOUNCES RECORD EARNINGS

FOR ITS 192ND YEAR OF OPERATION IN 2007

York, Pennsylvania, March 10, 2008:  The York Water Company’s (Nasdaq: YORW) President, Jeffrey R. Hines, announced today that the Company posted its highest ever operating revenues, net income, and dividends in 2007.  Improved revenues, net income, and dividends are attributed to an increase in the customer base and increased rates, which became effective September 15, 2006.  Earnings per share were $0.01 lower in 2007 compared to 2006 due to dilution associated with a December 2006 stock offering.  Both net income and earnings per share were impacted by higher operating expenses including depreciation, wages and pension expense.

President Hines reported that the operating revenues of $31,433,000 were up 9.7% and that net income of $6,414,000 increased 5.3% compared to 2006.  In 2007 dividends declared were increased to $0.475 per share, a 4.6% increase over 2006 and the 11th consecutive annual dividend increase. This is the 192nd consecutive year that dividends have been distributed.

During the year, the Company incurred over $19.7 million on construction projects and the acquisition of the Abbottstown Borough Water System.  The majority of the construction expenditures were for production and distribution system expansion, improvements, and replacements.  During 2007 the Company installed, acquired, and replaced approximately 148,000 feet of pipe to extend and improve its distribution system.

Operating revenues for the fourth quarter increased $443,000 or 6.0% over the fourth quarter of 2006.  Net income for the fourth quarter increased $43,000 or 2.6% compared to the fourth quarter of 2006.  The primary contributing factors to the increase in net income were higher operating revenues due to an increase in the customer base and the rate increase, partially offset by increased operating expenses.

	Period Ended December 31
	In 000's (except per share)
	Quarter		Twelve Months
	2007	2006	2007	2006
Operating Revenues	$7,806	$7,363	$31,433	$28,658
Net Income	$1,670	$1,627	$  6,414	$  6,091
Average Number of Common Shares Outstanding	11,248	10,648	11,226	10,475
Basic Earnings Per Common Share	$  0.15	$  0.15	$    0.57	$    0.58
Dividends Paid Per Common Share	$0.121	$0.118	$  0.475	$  0.454