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EXHIBIT 12.1
 ENTERPRISE GP HOLDINGS L.P.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
 Year Ended December 31,2007
    
    2006
    
    2005
    
    2004
    
    2003Consolidated income
    
    $
    109,021
    
    
    $
    133,992
    
    
    $
    82,209
    
    
    $
    29,778
    
    
    $
    15,861Add:
    Minority interest
    
    
    653,360
    
    
    
    638,585
    
    
    
    478,944
    
    
    
    229,607
    
    
    
    91,079Provision for taxes
    
    
    15,813
    
    
    
    21,974
    
    
    
    8,363
    
    
    
    3,761
    
    
    
    5,293Less:
    Equity in (income) loss of unconsolidated affiliates
    
    
    (13,603
    )
    
    
    (25,213
    )
    
    
    (34,641
    )
    
    
    (52,787
    )
    
    
    13,960Consolidated pre-tax income before minority interest
and equity in income of unconsolidated affiliates
    
    
    764,591
    
    
    
    769,338
    
    
    
    534,875
    
    
    
    210,359
    
    
    
    126,193Add:
    Fixed charges
    
    
    594,378
    
    
    
    421,732
    
    
    
    363,974
    
    
    
    174,312
    
    
    
    151,338Amortization of capitalized interest
    
    
    11,596
    
    
    
    9,779
    
    
    
    2,048
    
    
    
    974
    
    
    
    579Distributed income of equity investees
    
    
    116,930
    
    
    
    76,515
    
    
    
    93,143
    
    
    
    68,027
    
    
    
    31,882Subtotal
    
    
    1,487,495
    
    
    
    1,277,364
    
    
    
    994,040
    
    
    
    453,672
    
    
    
    309,992Less:
    Interest capitalized
    
    
    (86,506
    )
    
    
    (66,341
    )
    
    
    (28,805
    )
    
    
    (2,766
    )
    
    
    (1,595
    )Minority interest
    
    
    (14,782
    )
    
    
    (4,001
    )
    
    
    (4,458
    )
    
    
    (6,586
    )
    
    
    (79
    )Total earnings
    
    $
    1,386,207
    
    
    $
    1,207,022
    
    
    $
    960,777
    
    
    $
    444,320
    
    
    $
    308,318Fixed charges:Interest expense
    
    $
    487,419
    
    
    $
    333,742
    
    
    $
    315,556
    
    
    $
    161,589
    
    
    $
    140,806Capitalized interest
    
    
    86,506
    
    
    
    66,341
    
    
    
    28,805
    
    
    
    2,766
    
    
    
    1,595Interest portion of rental expense
    
    
    20,453
    
    
    
    21,649
    
    
    
    19,613
    
    
    
    9,957
    
    
    
    8,937Total
    
    $
    594,378
    
    
    $
    421,732
    
    
    $
    363,974
    
    
    $
    174,312
    
    
    $
    151,338Ratio of earnings to fixed charges
    
    
    2.33
    x
    
    
    2.86
    x
    
    
    2.64
    x
    
    
    2.55
    x
    
    
    2.04
    x
   §
    
    consolidated pre-tax income before minority interest and income or loss from equity
investees;§
    
    fixed charges;§
    
    amortization of capitalized interest;§
    
    distributed income of equity investees; and§
    
    our share of pre-tax losses of equity investees for which charges arising from
guarantees are included in fixed charges.
  §
    
    interest capitalized;§
    
    preference security dividend requirements of consolidated subsidiaries; and§
    
    minority interest in pre-tax income of subsidiaries that have not incurred fixed
charges.