Exhibit 12.1
EL PASO PIPELINE PARTNERS, L.P.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Millions, Except For Ratio)
	Six Months Ended June 30,
	2014		2013
Earnings:
Pre-tax income from continuing operations before adjustment for earnings from equity investments (including amortization of excess cost of equity investments) per statements of income	$	293	$	304
Add:
Fixed charges	150		152
Distributed income of equity investees	18		7
Income as adjusted	$	461	$	463
Fixed charges:
Interest expense, net per statements of income (includes amortization of debt discount, premium and debt issuance costs; excludes AFUDC)	$	149	$	151
Add:
Portion of rents representative of the interest factor	1		1
Fixed charges	$	150	$	152
Ratio of earnings to fixed charges	3.1		3.0