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
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Date
of Report: May
16, 2008
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(Date
of earliest event reported)
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THE
YORK WATER COMPANY
(Exact
name of registrant as specified in its charter)
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PENNSYLVANIA
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0-690
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23-1242500
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(State
or other jurisdiction
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(Commission
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(I.R.S.
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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130
EAST MARKET STREET
YORK,
PENNSYLVANIA
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17401
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(Address
of principal executive offices)
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(Zip
Code)
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(717)
845-3601
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(Registrant's
telephone number, including area
code)
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Not
Applicable
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(Former
Name or Former Address, if Changed Since Last
Report)
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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:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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THE
YORK WATER COMPANY
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Item
7.01
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Regulation
FD Disclosure
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YORK
WATER COMPANY FILES FOR RATE INCREASE
York,
Pennsylvania, May 16, 2008: The York Water Company (NASDAQ:YORW) on
May 16, 2008 asked the Pennsylvania Public Utility Commission for a general
increase in rates.
Jeffrey
R. Hines, President and CEO, said the Company is asking for a $7,086,000
increase in revenues.
Hines
said the increase is necessary to pay for approximately $41 million in capital
investments that the Company has made since its last rate request in
2006. The capital investments were made to reinforce, replace and
reline aging water mains, provide redundancy in case of emergencies, to increase
water quality and operational efficiency through upgrades to facilities and
equipment, and for replacements of other aging infrastructure which improves
reliability of service.
In
addition to capital investments, the Company is also seeking to recover
increased costs of electric, chemicals and fuel, and increases in normal
operations and maintenance expenses.
The York
Water Company is the oldest investor-owned water utility in the United States
serving approximately 171,000 people in 46 municipalities in York and Adams
Counties, South Central, Pennsylvania.
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.
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THE
YORK WATER COMPANY
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Date:
May 16, 2008
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By:
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/s/Kathleen M. Miller | |
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Kathleen
M. Miller
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Chief
Financial Officer
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