Exhibit 12.1

Regency Energy Partners LP
Statement of Computation of Ratio of Earnings to Fixed Charges
(in thousands, except for ratio amounts)
(Unaudited)

	Successor			Predecessor
	Period from			Period from			Year Ended		Year Ended		Year Ended			Year Ended			Year Ended
	May 26, 2010 to			January 1, 2010			December 31,		December 31,		December 31,			December 31,			December 31,
	June 30, 2010			to May 25, 2010			2009		2008		2007			2006			2005
Earnings:
Pre-tax income (loss) from continuing operations	$	(4,650	)		(4,542	)	$	139,394	$	101,062	$	(12,600	)	$	(7,244	)	$	(11,592	)
Add:
Interest expense		8,109			36,459			77,996		63,243		52,016			37,182			17,880
Portion of rent under long-term operating leases representative of an interest factor		65			323			1,182		677		477			574			477
Amortization of capitalized interest		39			193			411		279		186			131			—
(Less) add:
Non-cash income from unconsolidated subsidiaries		(8,121	)		(3,426	)		—		—		(43	)		(532	)		(312	)
Total earnings available for fixed charges	$	(4,558	)	$	29,007		$	218,983	$	165,261	$	40,036		$	30,111		$	6,453
Fixed Charges:
Interest expense		8,109			36,459			77,996		63,243		52,016			37,182			17,880
Portion of rent under long-term operating leases representative of an interest factor		65			323			1,182		677		477			574			477
Capitalized interest		377			880			1,722		2,409		1,754			511			2,613
Total fixed charges	$	8,551		$	37,662		$	80,900	$	66,329	$	54,247		$	38,267		$	20,970
Ratio of earnings to fixed charges (x times) (1)		—			—			2.71		2.49		—			—			—
(1) Earnings were insufficient to cover fixed charges by:	$	13,109		$	8,656		$	—	$	—	$	14,211		$	8,156		$	14,517