-----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, B97TgNZ1mZ84YFB/IBncuDAxDjc04mRDOWDCG5QDYFjTtBGp8MQAE7g5pdby/PbZ 87FIm4+pl6WKKTuHIeKAEw== 0001193805-07-002700.txt : 20071026 0001193805-07-002700.hdr.sgml : 20071026 20071026152142 ACCESSION NUMBER: 0001193805-07-002700 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070831 FILED AS OF DATE: 20071026 DATE AS OF CHANGE: 20071026 EFFECTIVENESS DATE: 20071026 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: 071193355 BUSINESS ADDRESS: STREET 1: P O BOX 9011 CITY: PRINCETON STATE: NJ ZIP: 08543-9011 BUSINESS PHONE: 6092823319 MAIL ADDRESS: STREET 1: P O BOX 9066 CITY: PRINCETON STATE: NJ ZIP: 08543-9011 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 e602692_nq-utiltelecom.txt 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 and Telecommunications Fund, Inc. Fund Address: P.O. Box 9011 Princeton, NJ 08543-9011 Name and address of agent for service: Robert C. Doll, Jr., Chief Executive Officer, BlackRock Utilities and 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: 11/30/2007 Date of reporting period: 06/01/2007 - 08/31/2007 Item 1 - Schedule of Investments BlackRock Utilities and Telecommunications Fund, Inc. Schedule of Investments as of August 31, 2007 (Unaudited) (in U.S. dollars)
Shares Country Industry Held Common Stocks Value - ------------------------------------------------------------------------------------------------------------------------------------ Brazil - 3.4% Diversified Telecommunication 25,900 GVT Holding SA (a) $ 501,631 Services - 0.3% ------------------------------------------------------------------------------------------------------------------- Electric Utilities - 1.6% 23,700 CPFL Energia SA (b) 1,252,308 47,000 Cia Energetica de Minas Gerais (b) 893,000 33,200 EDP - Energias do Brasil SA 520,844 ------------ 2,666,152 ------------------------------------------------------------------------------------------------------------------- Independent Power Producers 60,000,000 Cia Energetica de Sao Paulo 1,000,000 & Energy Traders - 0.6% (Preference Shares) (a) ------------------------------------------------------------------------------------------------------------------- Water Utilities - 0.6% 20,800 Cia de Saneamento Basico do Estado de Sao Paulo 512,579 32,000 Companhia de Saneamento de Minas Gerais 503,976 ------------ 1,016,555 ------------------------------------------------------------------------------------------------------------------- Wireless Telecommunication 13,000 Tim Participacoes SA (b) 458,900 Services - 0.3% ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in Brazil 5,643,238 - ------------------------------------------------------------------------------------------------------------------------------------ Canada - 2.5% Diversified Telecommunication 30,000 Manitoba Telecom Services, Inc. 1,403,409 Services - 1.4% 16,500 TELUS Corp. (Non-Voting Shares) 854,844 ------------ 2,258,253 ------------------------------------------------------------------------------------------------------------------- Wireless Telecommunication 41,000 Rogers Communications, Inc. Class B 1,856,480 Services - 1.1% ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in Canada 4,114,733 - ------------------------------------------------------------------------------------------------------------------------------------ Czech Electric Utilities - 0.6% 17,700 CEZ 938,597 Republic - 0.6% ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in the Czech Republic 938,597 - ------------------------------------------------------------------------------------------------------------------------------------ Finland - 1.0% Electric Utilities - 1.0% 53,000 Fortum Oyj 1,752,997 ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in Finland 1,752,997 - ------------------------------------------------------------------------------------------------------------------------------------ France - 4.2% Diversified Telecommunication 38,500 France Telecom SA 1,161,168 Services - 1.2% 22,500 Neuf Cegetel 896,837 ------------ 2,058,005 ------------------------------------------------------------------------------------------------------------------- Electric Utilities - 0.9% 14,500 Electricite de France SA 1,464,064 ------------------------------------------------------------------------------------------------------------------- Multi-Utilities - 2.1% 33,200 Suez SA 1,887,762 21,150 Veolia Environnement SA 1,621,515 ------------ 3,509,277 ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in France 7,031,346 - ------------------------------------------------------------------------------------------------------------------------------------ Germany - 2.1% Electric Utilities - 1.8% 18,300 E.ON AG 3,070,026 ------------------------------------------------------------------------------------------------------------------- Multi-Utilities - 0.3% 4,900 RWE AG 550,956 ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in Germany 3,620,982 - ------------------------------------------------------------------------------------------------------------------------------------ Greece - 0.5% Diversified Telecommunication 26,500 Hellenic Telecommunications Organization SA 866,391 Services - 0.5% ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in Greece 866,391 - ------------------------------------------------------------------------------------------------------------------------------------ Italy - 0.3% Electric Utilities - 0.3% 41,000 Enel SpA 423,304 ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in Italy 423,304 - ------------------------------------------------------------------------------------------------------------------------------------ Luxembourg Wireless Telecommunication 10,000 Millicom International Cellular SA (a) 843,300 - - 0.5% Services - 0.5% ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in Luxembourg 843,300 - ------------------------------------------------------------------------------------------------------------------------------------ Mexico - 1.8% Wireless Telecommunication 49,000 America Movil, SA de CV (b) 2,962,540 Services - 1.8% ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in Mexico 2,962,540 - ------------------------------------------------------------------------------------------------------------------------------------
BlackRock Utilities and Telecommunications Fund, Inc. Schedule of Investments as of August 31, 2007 (Unaudited) (in U.S. dollars)
Shares Country Industry Held Common Stocks Value - ------------------------------------------------------------------------------------------------------------------------------------ Netherlands Diversified Telecommunication 42,000 Koninklijke KPN NV $ 654,534 - - 0.4% Services - 0.4% ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in the Netherlands 654,534 - ------------------------------------------------------------------------------------------------------------------------------------ Norway - 0.6% Diversified Telecommunication 49,600 Telenor ASA 914,572 Services - 0.6% ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in Norway 914,572 - ------------------------------------------------------------------------------------------------------------------------------------ Spain - 2.9% Diversified Telecommunication 79,448 Telefonica SA 1,971,914 Services - 1.2% ------------------------------------------------------------------------------------------------------------------- Electric Utilities - 1.4% 15,600 Endesa SA 847,706 26,500 Iberdrola SA 1,469,254 ------------ 2,316,960 ------------------------------------------------------------------------------------------------------------------- Electrical Equipment - 0.3% 14,600 Gamesa Corp. Tecnologica SA 581,947 ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in Spain 4,870,821 - ------------------------------------------------------------------------------------------------------------------------------------ Sweden - 0.6% Diversified Telecommunication 53,000 Tele2 AB 968,114 Services - 0.6% ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in Sweden 968,114 - ------------------------------------------------------------------------------------------------------------------------------------ United Diversified Telecommunication 109,900 BT Group Plc 699,658 Kingdom - 5.9% Services - 0.4% ------------------------------------------------------------------------------------------------------------------- Electric Utilities - 1.2% 85,000 British Energy Group Plc 794,352 41,400 Scottish & Southern Energy Plc 1,183,644 ------------ 1,977,996 ------------------------------------------------------------------------------------------------------------------- Independent Power Producers 196,900 International Power Plc 1,605,864 & Energy Traders - 1.0% ------------------------------------------------------------------------------------------------------------------- Multi-Utilities - 1.3% 133,600 Centrica Plc 1,038,426 69,918 National Grid Plc 1,046,719 ------------ 2,085,145 ------------------------------------------------------------------------------------------------------------------- Water Utilities - 0.4% 100,000 Northumbrian Water Group Plc 697,119 ------------------------------------------------------------------------------------------------------------------- Wireless Telecommunication 84,512 Vodafone Group Plc (b) 2,738,189 Services - 1.6% ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in the United Kingdom 9,803,971 - ------------------------------------------------------------------------------------------------------------------------------------ United States Construction & Engineering - 0.5% 25,000 InfraSource Services, Inc. (a) 864,355 - - 68.4% ------------------------------------------------------------------------------------------------------------------- Diversified Telecommunication 215,462 AT&T Inc. 8,590,470 Services - 10.3% 80,700 Citizens Communications Co. 1,170,957 10,500 Embarq Corp. 655,410 102,700 Level 3 Communications, Inc. (a) 537,121 76,000 Qwest Communications International Inc. (a) 680,200 119,400 Verizon Communications, Inc. 5,000,472 39,141 Windstream Corp. 558,933 ------------ 17,193,563 ------------------------------------------------------------------------------------------------------------------- Electric Utilities - 27.2% 50,800 Allegheny Energy, Inc. (a) 2,621,788 44,700 American Electric Power Co., Inc. 1,988,256 75,000 DPL, Inc. 1,976,250 165,532 Duke Energy Corp. 3,035,857 66,700 Edison International 3,515,757 51,300 Entergy Corp. 5,315,706 84,500 Exelon Corp. 5,971,615 62,800 FPL Group, Inc. 3,695,152
BlackRock Utilities and Telecommunications Fund, Inc. Schedule of Investments as of August 31, 2007 (Unaudited) (in U.S. dollars)
Shares Country Industry Held Common Stocks Value - ------------------------------------------------------------------------------------------------------------------------------------ 51,900 FirstEnergy Corp. $ 3,188,736 49,500 ITC Holdings Corp. 2,201,760 60,900 Mirant Corp. (a) 2,373,273 36,600 Northeast Utilities Inc. 1,011,990 101,800 PPL Corp. 4,912,868 30,500 Pepco Holdings, Inc. 850,340 37,300 Reliant Energy, Inc. (a) 951,523 43,800 The Southern Co. 1,554,462 ------------ 45,165,333 ------------------------------------------------------------------------------------------------------------------- Energy Equipment & Services - 0.8% 14,000 Grant Prideco, Inc. (a) 774,200 4,600 Transocean, Inc. (a) 483,414 ------------ 1,257,614 ------------------------------------------------------------------------------------------------------------------- Gas Utilities - 2.9% 12,000 Energen Corp. 644,400 25,200 Equitable Resources, Inc. 1,239,588 13,600 New Jersey Resources Corp. 666,128 30,500 Questar Corp. 1,524,085 13,316 Spectra Energy Corp. 309,597 19,000 UGI Corp. 485,450 ------------ 4,869,248 ------------------------------------------------------------------------------------------------------------------- Independent Power Producers 68,300 The AES Corp. (a) 1,236,913 & Energy Traders - 8.2% 54,500 Constellation Energy Group, Inc. 4,520,230 98,264 Dynegy, Inc. Class A (a) 794,956 155,000 NRG Energy, Inc. (a) 5,903,950 25,300 Ormat Technologies, Inc. 1,089,165 ------------ 13,545,214 ------------------------------------------------------------------------------------------------------------------- Media - 1.4% 55,800 Comcast Corp. Special Class A (a) 1,442,988 19,700 EchoStar Communications Corp. Class A (a) 833,704 ------------ 2,276,692 ------------------------------------------------------------------------------------------------------------------- Multi-Utilities - 10.3% 132,500 CMS Energy Corp. 2,162,400 17,600 DTE Energy Co. 841,456 34,237 Dominion Resources, Inc. 2,916,307 41,700 NSTAR 1,366,509 55,000 PG&E Corp. 2,447,500 64,000 Public Service Enterprise Group, Inc. 5,439,360 19,900 Sempra Energy 1,095,097 19,100 Wisconsin Energy Corp. 846,321 ------------ 17,114,950 ------------------------------------------------------------------------------------------------------------------- Oil, Gas & Consumable Fuels - 3.8% 13,500 Devon Energy Corp. 1,016,685 15,500 EOG Resources, Inc. 1,044,080 13,000 Holly Corp. 866,450
BlackRock Utilities and Telecommunications Fund, Inc. Schedule of Investments as of August 31, 2007 (Unaudited) (in U.S. dollars)
Shares Country Industry Held Common Stocks Value - ------------------------------------------------------------------------------------------------------------------------------------ 18,900 Range Resources Corp. $ 686,259 21,700 Southwestern Energy Co. (a) 807,023 58,800 Williams Cos., Inc. 1,822,800 ------------ 6,243,297 ------------------------------------------------------------------------------------------------------------------- Wireless Telecommunication 13,345 Alltel Corp. 910,929 Services - 3.0% 32,100 American Tower Corp. Class A (a) 1,271,802 40,502 Crown Castle International Corp. (a) 1,488,853 42,900 SBA Communications Corp. Class A (a) 1,397,253 ------------ 5,068,837 ------------------------------------------------------------------------------------------------------------------- Total Common Stocks in the United States 113,599,103 ------------------------------------------------------------------------------------------------------------------- Total Common Stocks (Cost - $100,980,421) - 95.7% 159,008,543 - ------------------------------------------------------------------------------------------------------------------------------------ Face Amount Trust Preferreds - ------------------------------------------------------------------------------------------------------------------------------------ United States Independent Power Producers $1,092,450 AES Trust III, 6.75% due 10/15/2029 (e) 1,035,401 - - 0.6% & Energy Traders - 0.6% - ------------------------------------------------------------------------------------------------------------------------------------ Total Trust Preferreds (Cost - $668,915) - 0.6% 1,035,401 - ------------------------------------------------------------------------------------------------------------------------------------ Beneficial Interest Short-Term Securities - ------------------------------------------------------------------------------------------------------------------------------------ $5,627,521 BlackRock Liquidity Series, LLC Cash Sweep Series, 5.33% (c)(d) 5,627,521 ------------------------------------------------------------------------------------------------------------------- Total Short-Term Securities (Cost - $5,627,521) - 3.4% 5,627,521 ------------------------------------------------------------------------------------------------------------------- Total Investments (Cost - $107,276,857*) - 99.7% 165,671,465 Other Assets Less Liabilities - 0.3% 474,021 ------------ Net Assets - 100.0% $166,145,486 ============
* The cost and unrealized appreciation (depreciation) of investments as of August 31, 2007, as computed for federal income tax purposes, were as follows: Aggregate cost $107,276,857 ============= Gross unrealized appreciation $ 58,495,072 Gross unrealized depreciation (100,464) ------------- Net unrealized appreciation $ 58,394,608 ============= (a) Non-income producing security. (b) Depositary receipts. BlackRock Utilities and Telecommunications Fund, Inc. Schedule of Investments as of August 31, 2007 (Unaudited) (in U.S. dollars) (c) 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: -------------------------------------------------------------------------- Net Interest Affiliate Activity Income -------------------------------------------------------------------------- BlackRock Liquidity Series, LLC Cash Sweep Series $ (1,098,232) $ 159,945 BlackRock Liquidity Series, LLC Money Market Series $ (840,000) $ 614 -------------------------------------------------------------------------- (d) Represents the current yield as of August 31, 2007. (e) Convertible security. o 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 industry sub-classifications for reporting ease. Industries are shown as a percent of net assets. 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 15d-15(b) under the Securities and 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 and Telecommunications Fund, Inc. By: /s/ Robert C. Doll, Jr. ------------------------------ Robert C. Doll, Jr., Chief Executive Officer (principal executive officer) of BlackRock Utilities and Telecommunications Fund, Inc. Date: October 22, 2007 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/ Robert C. Doll, Jr. ------------------------------ Robert C. Doll, Jr., Chief Executive Officer (principal executive officer) of BlackRock Utilities and Telecommunications Fund, Inc. Date: October 22, 2007 By: /s/ Donald C. Burke ------------------------------ Donald C. Burke, Chief Financial Officer (principal financial officer) of BlackRock Utilities and Telecommunications Fund, Inc. Date: October 22, 2007 EX-99.CERT 2 e602692_ex99-cert.txt CERTIFICATION PURSUANT TO SECTION 302 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, Robert C. Doll, Jr., Chief Executive Officer (principal executive officer) of BlackRock Utilities and Telecommunications Fund, Inc., certify that: 1. I have reviewed this report on Form N-Q of BlackRock Utilities and 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: October 22, 2007 /s/ Robert C. Doll, Jr. - ------------------------------ Robert C. Doll, Jr., Chief Executive Officer (principal executive officer) of BlackRock Utilities and 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, Donald C. Burke, Chief Financial Officer (principal financial officer) of BlackRock Utilities and Telecommunications Fund, Inc., certify that: 1. I have reviewed this report on Form N-Q of BlackRock Utilities and 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: October 22, 2007 /s/ Donald C. Burke - ------------------------------ Donald C. Burke, Chief Financial Officer (principal financial officer) of BlackRock Utilities and Telecommunications Fund, Inc. -----END PRIVACY-ENHANCED MESSAGE-----