8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: December 17, 2007 (Date of earliest event reported)
Corning Natural Gas Corporation (Exact name of registrant as specified in its charter)
New York (State or other jurisdiction of incorporation)	000-00643 (Commission File Number)	16-0397420 (I.R.S. Employer Identification No.)

330 West William Street, Corning, New York
(Address of principal executive offices) 14830
(Zip Code)

(607) 936-3755

(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:

[ ] 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))

Item 8.015.03. Other EventsAmendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On December 12, 2007, the New York State Public Service Commission (the "Commission") granted Corning Natural Gas Corporation ("Corning") a 2.5% ($681,000) rate increase effective December 17, 2007. Corning's press release announcing the increase is attached as Exhibit 99.1. In addition, the Commission allowed Corning to retain $250,000 in revenue from gas producers relevant to producer interconnects with the Corning system.

Pursuant to General Instruction B, subsection 2, of Form 8-K, Exhibit 99.1 is not "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, but is instead furnished as required by that section.

The press release includes forward-looking statements within the meaning of the federal securities laws with respect to Corning's future operations and, as such, concerns matters that are not historical facts.  These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in such statements.  Reference is made to Cornings filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended September 30, 2006, its quarterly reports on Form 10-Q, and other periodic filings for a description of the foregoing and other factors that could cause actual results to differ materially from those in the forward-looking statements.  Any forward-looking statement speaks only as of the date on which such statement is made, and Corning undertakes no obligation to update any forward-looking statement, whether as a result of new information, future event s or otherwise.   

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release of Corning Natural Gas Corporation dated December 14, 2007.

SIGNATURES

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

	Corning Natural Gas Corporation By: _________________________________/s/ Fi Sarhangi Name: Michael I. German Title: President and Chief Executive Officer
Dated: December 20, June __2007

EXHIBIT INDEX

Exhibit Number Description

99.1 Press Release of Corning Natural Gas Corporation dated December 14, 2007.

EX-99.1 CHARTER

Corning Natural Gas Corporation

NEWS RELEASE

CONTACT: Jerry Sleve

Vice President - Administration

Phone: (607) 936-3755 ext. 223

Fax: (607) 962-2844

Date: December 14, 2007

FOR IMMEDIATE RELEASE

Corning Natural Gas Granted New Gas Delivery Rates

Corning, N.Y. (Friday, December 14, 2007) - Although the written Rate Order has not been released, the Company understands that the PSC voted to allow Corning Natural Gas Corporation (CNG) (OTCBB:CNIG) a 2.5% ($681,000) rate increase. The additional revenue will provide the Company with the financial resources necessary to continue an aggressive infrastructure improvement program. The Company is committed to spending approximately $3.4 million in pipeline and other improvements to ensure a safe reliable gas system. "Significant improvements have been made this year and next year's commitment will nearly double our existing efforts," said Jerry Sleve, Vice President - Administration.

The new Rate Order will provide the company with additional opportunities to access financial markets and obtain favorable prices for gas supply purchases. This year the Company purchased storage gas throughout the summer as a part of its overall gas purchasing strategy. Because of these purchases the Company expects to maintain flat to slightly lower gas commodity costs for customers during the 2007-08 winter months. "Corning believes that the outcome of the Rate Case is a win-win situation for the Company and its customers," said Mike German, Corning's CEO & President. "We believe this Rate Order will be instrumental in allowing us to provide superior service at highly competitive prices. All of the employees of the Company are working to maintain low cost operations with superior services and this Order will provide us with the resources to succeed. It also provides the Company an incentive to connect to local production and this should result in lower gas supply costs in the future."

Forward-Looking Statements

This press release may contain statements that, to the extent they are not recitations of historical facts, constitute "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 (Reform Act).  All such forward-looking statements are intended to be subject to the safe harbor protection provided by the Reform Act.  A number of important factors affecting Corning's business and financial results could cause actual results to differ materially from those stated in the forward-looking statements.

About Corning Natural Gas

Corning Natural Gas Corporation, headquartered in Corning, New York, was incorporated in 1904. Corning is a local distribution company (LDC) that provides natural gas service to approximately 14,500 customers through nearly 400 miles of pipeline in the Southern Tier of New York State.