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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 31,2006
    
    2005
    
    2004
    
    2003
    
    2002Consolidated income
    
    $
    99,499
    
    
    $
    55,276
    
    
    $
    29,778
    
    
    $
    15,861
    
    
    $
    7,351Add:
    
    Minority interest
    
    
    495,474
    
    
    
    353,642
    
    
    
    229,607
    
    
    
    91,079
    
    
    
    89,956Provision for taxes
    
    
    21,321
    
    
    
    8,362
    
    
    
    3,761
    
    
    
    5,293
    
    
    
    1,634Less:
    
    Equity in (income) loss of
unconsolidated affiliates
    
    
    (21,565
    )
    
    
    (14,548
    )
    
    
    (52,787
    )
    
    
    13,960
    
    
    
    (35,253
    )Consolidated pre-tax income before minority interest
and equity in income of unconsolidated affiliates
    
    
    594,729
    
    
    
    402,732
    
    
    
    210,359
    
    
    
    126,193
    
    
    
    63,688Add:
    
    Fixed charges
    
    
    316,340
    
    
    
    283,374
    
    
    
    174,312
    
    
    
    151,338
    
    
    
    111,141Amortization of capitalized interest
    
    
    7,894
    
    
    
    1,644
    
    
    
    974
    
    
    
    579
    
    
    
    363Distributed income of equity investees
    
    
    43,032
    
    
    
    56,058
    
    
    
    68,027
    
    
    
    31,882
    
    
    
    57,662Subtotal
    
    
    961,995
    
    
    
    743,808
    
    
    
    453,672
    
    
    
    309,992
    
    
    
    232,854Less:
    
    Interest capitalized
    
    
    (55,660
    )
    
    
    (22,046
    )
    
    
    (2,766
    )
    
    
    (1,595
    )
    
    
    (1,083
    )Minority interest
    
    
    (4,000
    )
    
    
    (2,863
    )
    
    
    (6,586
    )
    
    
    (79
    )
    
    
    (927
    )Total earnings
    
    $
    902,335
    
    
    $
    718,899
    
    
    $
    444,320
    
    
    $
    308,318
    
    
    $
    230,844Fixed charges:Interest expense
    
    $
    247,572
    
    
    $
    249,002
    
    
    $
    161,589
    
    
    $
    140,806
    
    
    $
    101,580Capitalized interest
    
    
    55,660
    
    
    
    22,046
    
    
    
    2,766
    
    
    
    1,595
    
    
    
    1,083Interest portion of rental expense
    
    
    13,108
    
    
    
    12,326
    
    
    
    9,957
    
    
    
    8,937
    
    
    
    8,478Total
    
    $
    316,340
    
    
    $
    283,374
    
    
    $
    174,312
    
    
    $
    151,338
    
    
    $
    111,141Ratio of earnings to fixed charges
    
    
    2.85x
    
    
    
    2.54x
    
    
    
    2.55x
    
    
    
    2.04x
    
    
    
    2.08x
   §
    
    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.