Exhibit 12.1

Regency Energy Partners LP

Computation of Ratio of Earnings to Fixed Charges

(in thousands, except for ratio amounts)

(Unaudited)

	Successor					Predecessor
	Year Ended December 31, 2011		Period from Acquisition (May 26, 2010) to December 31, 2010			Period from January 1, 2010 to May 25, 2010			Year Ended December 31, 2009		Year Ended December 31, 2008		Year Ended December 31, 2007
Fixed Charges:
Interest expense, net	$	102,474	$	48,251		$	34,541		$	77,665	$	62,940	$	51,851
Capitalized interest	1,199		1,425			881			1,722		2,409		1,754
Interest charges included in rental expense(c)	1,843		724			487			1,201		375		280
Distribution to the Series A Preferred Units	7,781		3,891			1,945			3,891		—		—
Accretion of the Series A Preferred Units	201		150			55			104		—		—
Total fixed charges (a)	$	113,498	$	54,441		$	37,909		$	84,583	$	65,724	$	53,885
Earnings:
Income (loss) from continuing operations before income taxes	$	74,084	$	(4,176	)	$	(4,215	)	$	141,663	$	87,131	$	(18,320	)
Less:
Income from unconsolidated affiliates	119,540		53,493			15,872			7,886		—		—
Capitalized interest	1,199		1,425			881			1,722		2,409		1,754
Noncontrolling interests	1,177		156			406			91		312		305
Add:
Distributed income from unconsolidated affiliates	119,236		56,903			12,446			7,886		—		—
Fixed charges	113,498		54,441			37,909			84,583		65,724		53,885
Amortization of capitalized interest	595		383			113			411		279		186
Total earnings available for fixed charges (b)	$	185,497	$	52,477		$	29,094		$	224,844	$	150,413	$	33,692
Ratio of earnings to fixed charges (b)/(a) (1)	1.63		—			—			2.66		2.29		—
(1) Earnings were insufficient to cover fixed charges by:	$	—	$	1,964		$	8,815		$	—	$	—	$	20,193

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(c)    Amount approximates reasonable interest expense included within operating lease payments.