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: September 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
7.01
|
Regulation
FD Disclosure
|
YORK
WATER COMPANY ANNOUNCES
SETTLEMENT
OF RATE CASE
York, Pennsylvania, September 10,
2008: Jeffrey R. Hines, President & CEO of The York
Water Company (Nasdaq:YORW), announced today that the Company has filed a
settlement petition of its pending rate case with the Pennsylvania Public
Utility Commission. The settlement, which is joined in by all active
parties, provides for an increase in annual base rate revenues of
$5,950,000.
Hines
stated, "This increase was necessary because of the Company's $45 million
investment in system improvements and infrastructure replacements since the last
base rate increase, which will allow the Company to continue to meet the current
and future needs of our customers."
In
addition to capital improvements, Hines said that “York Water continues to face
the same cost increases that currently impact all Americans. The Company has
incurred increased costs of electricity, chemicals, and fuel, and increases in
normal operations and maintenance expenses.”
It
is estimated that the settlement will increase the average residential customer
bill from $32.01 per month to $37.00 per month, the average commercial customer
bill from $154.70 per month to $186.05 per month and the average industrial
customer bill from $584.10 per month to $697.11 per month. Hines commented that
“even with the increase, the cost for a gallon of water delivered to the point
of use is still well under one penny per gallon.”
The
settlement must be approved by the presiding Administrative Law Judge David A.
Salapa and the Pennsylvania Public Utility Commission before increased rates
become effective. The increases in rates under the settlement may
become effective as soon as October 23, 2008.
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:
September 10, 2008
|
By:
|
/s/Kathleen M. Miller | |
|
Kathleen
M. Miller
|
|||
|
Chief
Financial Officer
|
|||