-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U8LqfJGD+npSbztgp3kclM2Oxbaf4XfR3c2Krc34C3UUfR2LvO59Br1TlJDJC4Ja ZaSRgkbMwzCPKKcJMhiGTQ== 0000024751-09-000016.txt : 20090820 0000024751-09-000016.hdr.sgml : 20090820 20090820115432 ACCESSION NUMBER: 0000024751-09-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090820 ITEM INFORMATION: Other Events FILED AS OF DATE: 20090820 DATE AS OF CHANGE: 20090820 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CORNING NATURAL GAS CORP CENTRAL INDEX KEY: 0000024751 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] IRS NUMBER: 160397420 STATE OF INCORPORATION: NY FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00643 FILM NUMBER: 091025984 BUSINESS ADDRESS: STREET 1: 330 W WILLIAM ST STREET 2: P O BOX 58 CITY: CORNING STATE: NY ZIP: 14830 BUSINESS PHONE: 6079363755 MAIL ADDRESS: STREET 1: 330 W WILLIAM STREET STREET 2: P O BOX 58 CITY: CORNING STATE: NY ZIP: 14830 8-K 1 cng8k-3.htm 8-K re Press Release

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: August 20, 2009

(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 8.01 Other Events

On August 20, 2009, Corning Natural Gas Corporation (the "Company") issued two press releases. The first press release announced the commencement of construction of the Company's Virgil, NY franchise. The second press release announced that the New York Public Service Commission has issued a final order in Corning's Rate Case. Both events are considered significant events to the Company. The Virgil franchise is a major expansion outside the Company's core service territory. The rate order will increase Corning revenues by approximately $1.5 million dollars annually, effective September 1, 2009. The case also establishes a process for a second increase that would be effective September 1, 2010.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 - News release for the Virgil project construction, dated August 20, 2009

99.2 - News release for the Rate Order, dated August 20, 2009

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/ Michael German

Name: Michael I. German
Title: President and Chief Executive Officer

Dated: August 20, 2009

EXHIBIT INDEX

Exhibit Number Description

99.1 - News release for the Virgil project construction, dated August 20, 2009

99.2 - News release for the Rate Order, dated August 20, 2009

EX-99 2 ex99-2.htm Rights Offering Press Release

NEWS RELEASE

CONTACT: Jerry Sleve
Vice President - Administration
Phone: (607) 936-3758 ext. 223
Fax: (607) 962-2844
Date: August 20, 2009

FOR IMMEDIATE RELEASE

Corning Natural Gas Receives Rate Case Approval from NYS Public Service Commission

Corning, N.Y. (Thursday, August 20, 2009) - Corning Natural Gas Corporation has received approval for a rate increase from the New York State Public Service Commission (the "Commission"). The increased rates are principally the product of Company investment in infrastructure improvements. The new rates will further strengthen the Company's finances, thus allowing it to continue both, its aggressive infrastructure replacement program and growth initiatives.

The Company has an aggressive system improvement program replacing more than seven miles of pipe and 400 services each year. Corning's rate structure will support its system improvement program and continuation of its safety and reliability programs. Since 2006 Corning has replaced more than 16 miles of gas pipeline along with almost 1,000 services.

The new rate order could actually lower customer bills over time as it contains incentives for Corning to connect local production. Access to local production is already lowering customer's natural gas costs and will likely result in significant reductions in the future.

"Corning continues to actively pursue additional connections to local gas producers and local storage in an effort to create options to bring lower cost gas to our customers," said Jerry Sleve, Vice President - Administration. Mike German, Corning's President & CEO, stated, "This rate filing is a part of the strategic initiatives of the Company which focus on improving service reliability, safety and system integrity to all communities we serve." The Company will move forward working with customers, vendors and suppliers to improve our services and grow our core business.

Corning Natural Gas Corporation, headquartered in Corning, NY, was incorporated in 1904. We are a Local Distribution Company (LDC) that provides natural gas service to nearly 15,000 customers through nearly 400 miles of pipeline in the Southern Tier of New York State.

Corning Natural Gas Corporation, headquartered in Corning, NY, continues its one-hundred five year history as a public utility providing natural gas service in the Finger Lakes region of New York to nearly 15,000 residential, industrial and commercial customers. Learn more at http://www.corninggas.com.

Please contact Jerry Sleve, Vice President - Administration with questions at (607) 936-3755 ext. 223.

Safe Harbor Regarding Forward-Looking Statements

Some of the statements that we make in this press release, including statements about our confidence in the company's prospects and strategies are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act. Some of these forward-looking statements can be identified by words like "believe," "expect," "will," "should," "intend," "plan," or similar terms; others can be determined by context. Statements contained in this release that are not historical facts are forward-looking statements. These statements are necessarily estimates reflecting our best judgment based upon current information, and involve a number of risks and uncertainties. Many factors could affect the accuracy of these forward-looking statements, causing our actual results to differ significantly from those anticipated in these statements. You should not place undue reliance on our forward-looking statements, which reflect our analysis only as of the dat e of this report. The risks and uncertainties listed above and in documents that we file with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q, and any current reports on Form 8-K, must be carefully considered by any investor or potential investor in Corning.

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EX-99 3 ex99-1.htm Rights Offering Press Release

NEWS RELEASE

CONTACT: Jerry Sleve
Vice President - Administration
Phone: (607) 936-3758 ext. 223
Fax: (607) 962-2844
Date: August 20, 2009

FOR IMMEDIATE RELEASE

Corning Natural Gas Gives Go Ahead for the Town of Virgil Construction

Corning, N.Y. (Thursday, August 20, 2009) - Corning Natural Gas (Corning) is proceeding with construction of a new natural gas distribution system in the Town of Virgil. "Construction began this month and we expect natural gas to be available to customers by mid-October," said Mike German, President & CEO. The franchise was approved by the New York State Public Service Commission on July 23, 2009 which clears the way for the project to move forward. "It was important that the project begin immediately after regulatory approval so that service to customers could be in place for the coming winter. With financing secured and regulatory approval in place, Corning is committed to proceed to connect customers for the 2009/2010 heating season," said Jerry Sleve, Vice President - Administration. A brief press conference at the Virgil Town Hall will be held on Thursday, August 20, 2009 at 2:00 pm.


Corning will connect to an interstate pipeline in the Town and install a local distribution system including approximately four and one-half miles of main through the hamlet to a development on the eastern end of the distribution system. This new development is Hope Lake Lodge & Indoor Waterpark at Greek Peak Mountain Resort. This new expansion project is strongly committed to sustainable building practices. "This is a big step forward for our region and a perfect fit for our project. It is clear with this addition and our Resort that there are economic benefits and growth in our area," per Al Kryger, President of Greek Peak Mountain Resort. The project will provide a competitive alternative fuel to enhance the opportunity for business development in the town, as well as a safe and reliable supply for residential customers along the route.

Corning will offer one-time incentives to customers in the Town to convert to natural gas during the construction phase of the project. "It is much more efficient to connect customers as the project is installed rather than to go back and connect customers at a later date," said Mr. Sleve. Mike German, President & CEO, stated, "We are delighted to be part of such a project that brings economic activity and jobs to upstate New York. Corning is very appreciative to the Town of Virgil for the opportunity to serve the area. Corning is grateful for all the support it has received from local public officials, future customers and Town residents in making this project a go." "The Town of Virgil, located in Cortland County, is similar, in many respects, to other rural towns and villages in New York which are served by Corning Natural Gas," Mr. Sleve stated.

Corning Natural Gas Corporation, headquartered in Corning, NY, continues its one-hundred five year history as a public utility providing natural gas service in the Finger Lakes region of New York to nearly 15,000 residential, industrial and commercial customers. Learn more at http://www.corninggas.com.

Safe Harbor Regarding Forward-Looking Statements

Some of the statements that we make in this press release, including statements about our confidence in the company's prospects and strategies are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act. Some of these forward-looking statements can be identified by words like "believe," "expect," "will," "should," "intend," "plan," or similar terms; others can be determined by context. Statements contained in this release that are not historical facts are forward-looking statements. These statements are necessarily estimates reflecting our best judgment based upon current information, and involve a number of risks and uncertainties. Many factors could affect the accuracy of these forward-looking statements, causing our actual results to differ significantly from those anticipated in these statements. You should not place undue reliance on our forward-looking statements, which reflect our analysis only as of the dat e of this report. The risks and uncertainties listed above and in documents that we file with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q, and any current reports on Form 8-K, must be carefully considered by any investor or potential investor in Corning.

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