-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CyZxb+En/RF5DaVkPDkjKCWCMnO/I4AqcmwG6rUVWreMp4bokXXlWPydioOv8RHQ LomhGSLVWjdszuhVtNUiUg== 0001171200-09-000400.txt : 20090626 0001171200-09-000400.hdr.sgml : 20090626 20090626101638 ACCESSION NUMBER: 0001171200-09-000400 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090430 FILED AS OF DATE: 20090626 DATE AS OF CHANGE: 20090626 EFFECTIVENESS DATE: 20090626 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK UTILITIES & TELECOMMUNICATIONS FUND, INC. CENTRAL INDEX KEY: 0000868452 IRS NUMBER: 223072498 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-06180 FILM NUMBER: 09911230 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH UTILITIES & TELECOMMUNICATIONS FUND INC DATE OF NAME CHANGE: 20020325 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH UTILITIES & COMMUNICATIONS FUND INC DATE OF NAME CHANGE: 20020307 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH GLOBAL UTILITY FUND INC DATE OF NAME CHANGE: 19920703 0000868452 S000002249 BLACKROCK UTILITIES & TELECOMMUNICATIONS FUND, INC. C000005810 Investor A C000005811 Investor B1 C000005812 Investor C1 C000005813 Institutional C000038212 Investor B C000038213 Investor C N-Q 1 i00188_utilcomm-nq.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number 811-06180

 

Name of Fund: BlackRock Utilities & Telecommunications Fund, Inc.

 

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809 

 

Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock Utilities & Telecommunications Fund, Inc., 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011

 

Registrant’s telephone number, including area code: (800) 441-7762

 

Date of fiscal year end: 07/31/2009

 

Date of reporting period: 04/30/2009

 

Item 1 – Schedule of Investments


 

 

BlackRock Utilities and Telecommunications Fund, Inc.

 

 

Schedule of Investments April 30, 2009 (Unaudited)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 


Industry

 

Common Stocks

 

Shares

 

Value

 


Commercial Services & Supplies - 0.5%

 

Tetra Tech, Inc. (a)

 

 

17,200

 

$

422,432

 











Construction & Engineering - 0.5%

 

Quanta Services, Inc. (a)

 

 

21,075

 

 

479,035

 











Diversified Telecommunication Services - 16.0%

 

AT&T Inc.

 

 

140,262

 

 

3,593,512

 

 

 

BCE, Inc.

 

 

32,500

 

 

695,500

 

 

 

Cable & Wireless Plc

 

 

100,500

 

 

221,322

 

 

 

Deutsche Telekom AG

 

 

25,700

 

 

310,794

 

 

 

France Telecom SA

 

 

24,300

 

 

539,461

 

 

 

Frontier Communications Corp.

 

 

74,400

 

 

528,984

 

 

 

GVT Holding SA (a)

 

 

25,900

 

 

342,186

 

 

 

Koninklijke KPN NV

 

 

21,100

 

 

253,671

 

 

 

Manitoba Telecom Services, Inc.

 

 

30,000

 

 

842,202

 

 

 

Qwest Communications International Inc.

 

 

290,900

 

 

1,131,601

 

 

 

TW Telecom, Inc. (a)

 

 

41,000

 

 

376,790

 

 

 

Telefonica SA

 

 

79,448

 

 

1,505,234

 

 

 

Verizon Communications, Inc.

 

 

120,200

 

 

3,646,868

 

 

 

Windstream Corp.

 

 

39,141

 

 

324,870

 

 

 

 

 

 

 

 




 

 

 

 

 

 

 

 

14,312,995

 











Electric Utilities - 35.4%

 

Allegheny Energy, Inc.

 

 

33,100

 

 

857,952

 

 

 

American Electric Power Co., Inc.

 

 

106,000

 

 

2,796,280

 

 

 

CPFL Energia SA (b)

 

 

12,100

 

 

550,671

 

 

 

Cia Energetica de Minas Gerais (b)

 

 

47,950

 

 

721,647

 

 

 

DPL, Inc.

 

 

75,000

 

 

1,682,250

 

 

 

Duke Energy Corp.

 

 

146,732

 

 

2,026,369

 

 

 

E.ON AG

 

 

9,400

 

 

317,880

 

 

 

EDP - Energias do Brasil SA

 

 

33,200

 

 

402,838

 

 

 

Edison International

 

 

18,000

 

 

513,180

 

 

 

Electricite de France SA

 

 

8,600

 

 

398,359

 

 

 

Entergy Corp.

 

 

39,800

 

 

2,577,846

 

 

 

Exelon Corp.

 

 

38,300

 

 

1,766,779

 

 

 

FPL Group, Inc.

 

 

77,300

 

 

4,157,967

 

 

 

FirstEnergy Corp.

 

 

56,700

 

 

2,319,030

 

 

 

ITC Holdings Corp.

 

 

49,500

 

 

2,154,735

 

 

 

Iberdrola SA

 

 

113,000

 

 

889,855

 

 

 

NV Energy, Inc.

 

 

37,500

 

 

384,375

 

 

 

Northeast Utilities Inc.

 

 

30,700

 

 

645,314

 

 

 

PPL Corp.

 

 

101,800

 

 

3,044,838

 

 

 

Progress Energy, Inc.

 

 

20,600

 

 

702,872

 

 

 

The Southern Co.

 

 

98,700

 

 

2,850,456

 

 

 

 

 

 

 

 




 

 

 

 

 

 

 

 

31,761,493

 











Gas Utilities - 3.8%

 

EQT Corp.

 

 

30,300

 

 

1,018,989

 

 

 

New Jersey Resources Corp.

 

 

20,400

 

 

671,568

 

 

 

Questar Corp.

 

 

44,400

 

 

1,319,568

 

 

 

UGI Corp.

 

 

19,000

 

 

435,860

 

 

 

 

 

 

 

 




 

 

 

 

 

 

 

 

3,445,985

 











1


 

 

BlackRock Utilities and Telecommunications Fund, Inc.

 

 

Schedule of Investments April 30, 2009 (Unaudited)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 


Industry

 

Common Stocks

 

Shares

 

Value

 


Independent Power Producers & Energy Traders - 7.1%

 

AES Tiete SA (Preference Shares)

 

 

68,500

 

$

567,039

 

 

 

Constellation Energy Group, Inc.

 

 

72,800

 

 

1,753,024

 

 

 

International Power Plc

 

 

132,500

 

 

484,219

 

 

 

NRG Energy, Inc. (a)

 

 

147,600

 

 

2,653,848

 

 

 

Ormat Technologies, Inc.

 

 

25,300

 

 

890,560

 

 

 

 

 

 

 

 




 

 

 

 

 

 

 

 

6,348,690

 











Media - 0.4%

 

Vivendi SA

 

 

13,000

 

 

349,558

 











Multi-Utilities - 16.5%

 

CMS Energy Corp.

 

 

132,500

 

 

1,592,650

 

 

 

Centrica Plc

 

 

183,700

 

 

614,176

 

 

 

Consolidated Edison, Inc.

 

 

41,400

 

 

1,537,182

 

 

 

Dominion Resources, Inc.

 

 

56,674

 

 

1,709,288

 

 

 

GDF Suez

 

 

31,689

 

 

1,138,088

 

 

 

NSTAR

 

 

26,200

 

 

822,942

 

 

 

National Grid Plc

 

 

54,718

 

 

454,622

 

 

 

PG&E Corp.

 

 

54,500

 

 

2,023,040

 

 

 

Public Service Enterprise Group, Inc.

 

 

128,000

 

 

3,819,520

 

 

 

RWE AG

 

 

4,500

 

 

324,398

 

 

 

Wisconsin Energy Corp.

 

 

19,100

 

 

763,236

 

 

 

 

 

 

 

 




 

 

 

 

 

 

 

 

14,799,142

 











Oil, Gas & Consumable Fuels - 4.0%

 

Consol Energy, Inc.

 

 

7,500

 

 

234,600

 

 

 

Devon Energy Corp.

 

 

10,000

 

 

518,500

 

 

 

EOG Resources, Inc.

 

 

8,400

 

 

533,232

 

 

 

Range Resources Corp.

 

 

5,900

 

 

235,823

 

 

 

Southwestern Energy Co. (a)

 

 

17,600

 

 

631,136

 

 

 

Spectra Energy Corp.

 

 

50,116

 

 

726,682

 

 

 

Williams Cos., Inc.

 

 

46,900

 

 

661,290

 

 

 

 

 

 

 

 




 

 

 

 

 

 

 

 

3,541,263

 











Water Utilities - 2.7%

 

American States Water Co.

 

 

3,400

 

 

117,402

 

 

 

American Water Works Co., Inc.

 

 

25,500

 

 

459,000

 

 

 

Aqua America, Inc.

 

 

31,500

 

 

578,025

 

 

 

California Water Service Group

 

 

14,200

 

 

554,226

 

 

 

Cia Saneamento (Preference Shares) (c)

 

 

314

 

 

17,902

 

 

 

Companhia de Saneamento de Minas Gerais

 

 

32,000

 

 

346,614

 

 

 

Northumbrian Water Group Plc

 

 

100,000

 

 

328,543

 

 

 

 

 

 

 

 




 

 

 

 

 

 

 

 

2,401,712

 











Wireless Telecommunication Services - 6.3%

 

America Movil, SA de CV (b)

 

 

29,400

 

 

965,790

 

 

 

American Tower Corp. Class A (a)

 

 

14,200

 

 

450,992

 

 

 

Crown Castle International Corp. (a)

 

 

11,000

 

 

269,720

 

 

 

MetroPCS Communications, Inc. (a)

 

 

19,000

 

 

324,710

 

 

 

Millicom International Cellular SA (a)

 

 

8,000

 

 

387,680

 

 

 

Rogers Communications, Inc. Class B

 

 

17,000

 

 

417,860

 

 

 

SBA Communications Corp. Class A (a)

 

 

37,700

 

 

950,040

 

 

 

Sprint Nextel Corp. (a)

 

 

70,400

 

 

306,944

 

 

 

Vodafone Group Plc (b)

 

 

84,512

 

 

1,550,795

 

 

 

 

 

 

 

 




 

 

 

 

 

 

 

 

5,624,531

 











 

 

Total Long-Term Investments
(Cost - $75,412,131) - 93.2%

 

 

 

 

 

83,486,836

 











2


 

 

BlackRock Utilities and Telecommunications Fund, Inc.

 

 

Schedule of Investments April 30, 2009 (Unaudited)

(Percentages shown are based on Net Assets)

 

 

 

 

 

 

 

 

 

 


 

 

Short-Term Securities

 

Shares

 

Value

 


 

 

BlackRock Liquidity Funds, TempCash, 0.75% (d)(e)

 

 

4,740,612

 

$

4,740,612

 











 

 

Total Short-Term Securities

 

 

4,740,612

 

 

4,740,612

 











 

 

Total Investments
(Cost - $80,152,742*) - 98.5%

 

 

 

 

 

88,227,448

 

 

 

Other Assets Less Liabilities - 1.5%

 

 

 

 

 

1,346,286

 

 

 

 

 

 

 

 




 

 

Net Assets - 100.0%

 

 

 

 

$

89,573,734

 

 

 

 

 

 

 

 





 

 

*

The cost and unrealized appreciation (depreciation) of investments as of April 30, 2009, as computed for federal income tax purposes, were as follows:


 

 

 

 

 

Aggregate cost

 

$

80,065,156

 

 

 



 

Gross unrealized appreciation

 

$

15,333,477

 

Gross unrealized depreciation

 

 

(7,171,185

)

 

 



 

Net unrealized appreciation

 

$

8,162,292

 

 

 



 


 

 

(a)

Non-income producing security.

 

 

(b)

Depositary receipts.

 

 

(c)

Convertible security.

 

 

(d)

Investments in companies considered to be an affiliate of the Fund, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows:


 

 

 

 

 

 

 

 







Affiliate

 

Net
Activity

 

Income

 







BlackRock Liquidity Funds, TempCash

 

 

4,740,612

 

$

4,044

 

BlackRock Liquidity Series, LLC Cash Sweep Series

 

$

(9,194

)

$

88,132

 










 

 

(e)

Represents the current yield as of report date.

 

 

For Fund compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

 

 

Foreign currency exchange contracts as of April 30, 2009 were as follows:


 

 

 

 

 

 

 

 

 

 

 

 

 











Currency Purchased

 

Currency Sold

 

Counterparty

 

Settlement Date

 

Unrealized Depreciation

 














USD

255,722

 

EUR

195,644

 

State Street Bank & Trust Co.

 

5/04/09

 

$

(3,132

)

 

 

 

 

 

 

 

 

 

 

 

 

 

USD

58,643

 

EUR

44,719

 

State Street Bank & Trust Co.

 

5/04/09

 

 

(524

)














Total

 

 

 

 

 

 

 

 

 

$

(3,656

)

 

 

 

 

 

 

 

 

 

 





 

 

 

Currency Abbreviations:

 

 

 

EUR

Euro

 

USD

US Dollar

3


 

BlackRock Utilities and Telecommunications Fund, Inc.

 

Schedule of Investments April 30, 2009 (Unaudited)



 

 

 

 

Effective August 1, 2008, the Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”). FAS 157 clarifies the definition of fair value, establishes a framework for measuring fair values and requires additional disclosures about the use of fair value measurements. Various inputs are used in determining the fair value of investments, which are as follows:

 

 

 

 

Level 1 - price quotations in active markets/exchanges for identical securities

 

 

 

 

 

 

Level 2 - other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

 

 

 

 

 

 

Level 3 - unobservable inputs based on the best information available in the circumstance, to the extent observable inputs are not available (including the Fund’s own assumption used in determining the fair value of investments)

 

 

 

 

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements as contained in its semi-annual report.

 

 

 

The following table summarizes the inputs used as of April 30, 2009 in determining the fair valuation of the Fund’s investments:


 

 

 

 

 

 

 

 







Valuation
Inputs

 

Investments in
Securities

 

Other Financial
Investments*

 







 

 

Assets

 

Liabilities

 

 

 





Level 1

 

$

80,390,160

 

 

 

Level 2

 

 

7,819,386

 

$

3,656

 

Level 3

 

 

17,902

 

 

 









Total

 

$

88,227,448

 

$

3,656

 

 

 








 

 

 

 

 

 

 

 

 

 

 

* Other financial instruments are foreign currency exchange contracts. Foreign currency exchange contracts are valued at the unrealized appreciation/depreciation on the instrument.

 

 

 

 

The following is a reconciliation of investments for unobservable inputs (Level 3) used in determining fair value:


 

 

 

 

 





 

 

Investments
in
Securities

 





Balance, as of January 31, 2009

 

$

25,019

 

Accrued discounts/premiums

 

 

 

Realized gain (loss)

 

 

 

Change in unrealized appreciation (depreciation)

 

 

(7,117

)

Net purchases (sales)

 

 

 

Net transfers in/out of Level 3

 

 

 






Balance, as of April 30, 2009

 

$

17,902

 

 

 




4


Item 2 – Controls and Procedures
   

2(a) –

The registrant’s principal executive and principal financial officers or persons performing similar functions have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 15(d)-15(b) under the Securities Exchange Act of 1934, as amended.

   

2(b) –

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

   
Item 3 – Exhibits
   
  Certifications – Attached hereto
   
  Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
   
  BlackRock Utilities & Telecommunications Fund, Inc.
   
 

By:

/s/ Donald C. Burke  
    Donald C. Burke
    Chief Executive Officer of
    BlackRock Utilities & Telecommunications Fund, Inc.
   
  Date: June 19, 2009
   
  Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
   
 

By:

/s/ Donald C. Burke  
    Donald C. Burke
    Chief Executive Officer (principal executive officer) of
    BlackRock Utilities & Telecommunications Fund, Inc.
   
  Date: June 19, 2009
   
 

By:

/s/ Neal J. Andrews  
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    BlackRock Utilities & Telecommunications Fund, Inc.
   
  Date: June 19, 2009

EX-99.CERT 2 i00188_ex99-cert.htm

EX-99. CERT

 

CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF
THE SARBANES-OXLEY ACT OF 2002

 

I, Donald C. Burke, Chief Executive Officer (principal executive officer) of BlackRock Utilities & Telecommunications Fund, Inc., certify that:

1.

I have reviewed this report on Form N-Q of BlackRock Utilities & Telecommunications Fund, Inc.;

   

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

   

3.

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

   

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

     

 

a)

designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

     

 

b)

designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

     

 

c)

evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

     

 

d)

disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

   

5.

The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

     

 

a)

all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

     

 

b)

any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

Date: June 19, 2009
 
/s/ Donald C. Burke  
Donald C. Burke
Chief Executive Officer (principal executive officer) of
BlackRock Utilities & Telecommunications Fund, Inc.



EX-99. CERT

 

CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF
THE SARBANES-OXLEY ACT OF 2002

 

I, Neal J. Andrews, Chief Financial Officer (principal financial officer) of BlackRock Utilities & Telecommunications Fund, Inc., certify that:

1. I have reviewed this report on Form N-Q of BlackRock Utilities & Telecommunications Fund, Inc.;
   

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

   

3.

Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

   

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

   
  a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  b)  designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
  c)  evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
     
  d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
     
5.  The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
     
  a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
     
  b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

         

Date: June 19, 2009
 
/s/ Neal J. Andrews  
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock Utilities & Telecommunications Fund, Inc.



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