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: May 8, 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 May 8, 2008, The York Water Company issued a press release announcing its first quarter 2008 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, May 8, 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: May 8, 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
		York, PA  17401
Contact:	Jeffrey R. Hines, President
or	Kathleen M. Miller, Chief Financial Officer
Phone:	717-845-3601	FOR IMMEDIATE RELEASE

YORK WATER COMPANY ANNOUNCES THREE MONTH EARNINGS

York, Pennsylvania, May 8, 2008: The York Water Company's (NASDAQ:YORW) President, Jeffrey R. Hines, announced today the Company's financial results for the first quarter of 2008.

President Hines reported that operating revenues of $7,506,000 increased 1.6% over the first quarter of 2007 due to growth in the customer base of approximately 905.  First quarter earnings of $1,206,000 decreased 9.0% compared to first quarter 2007.  The decline in net income is attributed to slower than anticipated growth in the customer base, a modest decline in per capita consumption, and higher operating expenses including depreciation, wages and health insurance expenses.  Earnings per share for the three month period declined by $0.01 per share.

During the first quarter of 2008, the Company invested $3.4 million in construction projects.  The majority of the construction expenditures were for distribution system expansion, improvements and replacements, an emergency diesel generator for the main pumping station and a water treatment expansion project.

The Company will continue to invest in infrastructure at a rate necessary to ensure a safe, adequate and reliable supply of drinking water.  In order to meet this goal as well as increasing net income and providing shareholders an appropriate return, the Company is currently completing its application for a 2008 rate increase.

	Three Months Ended March 31 In 000's (except per share)
	2008	2007
Water Operating Revenues	$7,506	$7,385
Net Income from Water Operations	$1,206	$1,326
Average Number of Common Shares Outstanding	11,266	11,204
Basic Earnings per Common Share	$0.11	$0.12
Dividends Paid Per Common Share	$0.121	$0.118

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