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 LLC Predecessor
										Period from					Period from
										Acquisition Date			Period from		Inception
	Year Ended			Year Ended			Year Ended			(December 1, 2004)			January 1, 2004 to		(April 2, 2003) to
	December 31, 2007			December 31, 2006			December 31, 2005			to December 31, 2004			November 30, 2004		December 31, 2003
Earnings:
Income (loss) from continuing operations	$	(18,697	)	$	(7,244	)	$	(11,592	)	$	1,474		$	20,137	$	6,174
Add:
Interest expense		52,016			37,182			17,880			1,335			5,097		2,392
Portion of rent under long-term operating
leases representative of an interest factor		477			574			477			43			468		190
Amortization of capitalized interest		186			131			-			-			-		-
Distributed income from investees accounted for under
equity method		-			-			-			-			280		-
Less:
Equity income		(43	)		(532	)		(312	)		(56	)		-		-
Total earnings available for fixed charges	$	33,939		$	30,111		$	6,453		$	2,796		$	25,982	$	8,756
Fixed Charges:
Interest expense		52,016			37,182			17,880			1,335			5,097		2,392
Portion of rent under long-term operating
leases representative of an interest factor		477			574			477			43			468		190
Capitalized interest		1,754			511			2,613			-			-		-
Total fixed charges	$	54,247		$	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 by:	$	20,308		$	8,156		$	14,517		$	-		$	-	$	-