Exhibit 12.1

Regency Energy Partners LP

Ratio of Earnings to Fixed Charges

(in thousands, except for ratio amounts)

(Unaudited)

	Successor			Predecessor
	Period from Acquisition (May 26, 2010) to June 30, 2010			Period from April 1, 2010 to May 25, 2010			Three Months Ended June 30, 2009		Period from January 1, 2010 to May 25, 2010			Six Months Ended June 30, 2009
Earnings:
Pre-tax income (loss) from continuing operations	$	(4,650	)	$	(4,413	)	$	5,440		(4,542	)		153,963
Add:
Interest expense		8,109			14,114			19,568		36,459			33,795
Portion of rent under long-term operating leases representative of an interest factor		65			125			299		323			654
Amortization of capitalized interest		39			79			103		193			195
(Less) add:
Non-cash income from unconsolidated subsidiaries		(8,121	)		961			313		(3,426	)		(23	)
Total earnings available for fixed charges	$	(4,558	)	$	10,866		$	25,723	$	29,007		$	188,584
Fixed Charges:
Interest expense		8,109			14,114			19,568		36,459			33,795
Portion of rent under long-term operating leases representative of an interest factor		65			125			299		323			654
Capitalized interest		377			479			261		880			1,136
Total fixed charges	$	8,551		$	14,718		$	20,128	$	37,662		$	35,585
Ratio of earnings to fixed charges (x times) (1)		—			—			1.28		—			5.3
(1) Earnings were insufficient to cover fixed charges by:	$	13,109		$	3,852		$	—	$	8,656		$	—