Yeah, heck, I took some decent lightning shots 5 years ago with my Nikon Coolpix E995. I still have the camera, and it's still my primary...
B(ulb) setting is very useful, but all you really need is a shutter-priority mode with exposure compensation. Set the exposure compensation to say underexpose one full stop, and run the shutter for a couple seconds on a tripod. Keep shooting until you get the lightning.