I've been trying to figure out the correct way to use lightning in verb form. If I were to say, "It is thundering and lightninging outside," would that be correct?

Edit: I'm amazed that I don't know simple things like this, and English is my first language. I suppose growing up in "The South" doesn't help any.
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Comments  (Page 2) 
fivejedjonI've never heard 'storming' in that sense.
Hmm. It's not unheard of on this side of the pond.

When it's not storming in the ITCZ, the weather can be completely calm, with little to no wind. (CNN)