Exhibit 12.1

Regency Energy Partners LP

Ratio of Earnings to Fixed Charges

(in thousands, except for ratio amounts)

(Unaudited)

	Successor					Predecessor
	Three Months Ended September 30, 2010		Period from  Acquisition (May 26, 2010) to June 30, 2010			Period from January 1, 2010 to May 25, 2010			Three Months Ended September 30, 2009			Nine Months Ended September 30, 2009
Earnings:
Pre-tax income (loss) from continuing operations	$	7,972	$	(4,650	)	$	(4,542	)	$	(10,739	)		143,225
Add:
Interest expense		20,379		8,109			36,459			22,173			55,968
Portion of rent under long-term operating leases representative of an interest factor		187		65			323			262			916
Amortization of capitalized interest		129		39			193			106			301
(Less) add:
Distribution in excess of earnings of unconsolidated subsidiaries		30,267		(8,121	)		(3,426	)		(245	)		(268	)
Total earnings available for fixed charges	$	58,934	$	(4,558	)	$	29,007		$	11,557		$	200,142
Fixed Charges:
Interest expense	$	20,379	$	8,109		$	36,459		$	22,173		$	55,968
Portion of rent under long-term operating leases representative of an interest factor		187		65			323			262			916
Capitalized interest		582		377			880			339			1,475
Total fixed charges	$	21,148	$	8,551		$	37,662		$	22,774		$	58,359
Ratio of earnings to fixed charges (x times) (1)		2.79		—			—			—			3.43
(1) Earnings were insufficient to cover fixed charges by:	$	—	$	13,109		$	8,655		$	11,217		$	—