Exhibit 12.1. Computation of Ratio of Earnings to Fixed Charges.

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

	Regency Energy Partners LP									Regency Predecessor LLC
							Period from
							Acquisition Date			Period from		Period from
							(December 1,			January 1,		Inception
	Year Ended			Year Ended			2004) to December			2004 to		(April 2, 2003) to
	December 31, 2006			December 31, 2005			31, 2004			November 30, 2004		December 31, 2003
Earnings:
Income (loss) from continuing operations	$	(7,244	)	$	(11,592	)	$	1,474		$	20,137	$	6,174
Add:
Interest expense		37,182			17,880			1,335			5,097		2,392
Portion of rent under long-term operating leases representative of an interest factor		574			477			43			468		190
Amortization of capitalized interest		131			—			—			—		—
Distributed income from investees accounted for under the equity method		—			—			—			280		—
Less:
Equity income		(532	)		(312	)		(56	)		—		—
Total earnings available for fixed charges	$	30,111		$	6,453		$	2,796		$	25,982	$	8,756
Fixed Charges:
Interest expense	$	37,182		$	17,880		$	1,335		$	5,097	$	2,392
Portion of rent under long-term operating leases representative of an interest factor		574			477			43			468		190
Capitalized interest		511			2,613			—			—		—
Total fixed charges	$	38,267		$	20,970		$	1,378		$	5,565	$	2,582
Ratio of earnings to fixed charges (x times) (1)		—			—			2.03			4.67		3.39

(1) Earnings were insufficient to cover fixed charges for the years ended December 31, 2006 and 2005 by $8,156,000 and $14,517,000, respectively.