Thunderstorm case studies and earlier observations are described which illuminate the relationship between cloud vertical development and the prevalence of intracloud (IC) and cloud-to-ground (CG) lightning. A consistent temporal evolution starting with peak IC activity changing to predominant CG activity and concluding with strong outflow (microburst) suggests that ice is responsible for both the electrical (i.e., lightning) and dynamical (i.e., microburst) phenomena. The IC activity is attributed to the updraft-driven accumulation of graupel particles in the central dipole region, and the subsequent CG activity to the descent of ice particles beneath the height of the main negative charge. The subsequent descent and melting of ice particles beneath the height of the 0 degree C isotherm are associated with the acceleration of the downdraft and outflow. The IC lightning precursor can provide a valuable short-term (5-10 min) warning for microburst hazard at ground level.