On November 25, 2008, Roanoke Gas Company ("Roanoke"), a utility subsidiary of RGC Resources, Inc. ("Resources"), entered into a Modification Number One to Promissory Note dated June 30, 2008, in the original principal amount of $28,000,000 in favor of Wachovia. This Modification reduces the available borrowing limits under the original Note for the balance of term, which expires March 31, 2009. The reduction in limits was justified by lower working capital needs due to the significant decrease in the commodity price of natural gas. When combined with the Promissory Note currently in place for Resources, these Notes provide for the following tiered aggregate borrowing limits:

                                              Available
                       Beginning            Line of Credit
                       December 1, 2008    $     19,000,000
                       February 16, 2009   $      8,000,000

On November 24, 2008, RGC Resources, Inc. issued a press release announcing the annual financial results for the year ending September 30, 2008. A copy of this press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference. The information in this Current Report, including the Exhibit attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference to such filing.

On November 25, 2008, the Company issued a press release announcing an increase in the quarterly dividend to $0.32 per share payable on February 1, 2009 for shareholders of record on January 17, 2009.