The board of directors of New York Mercantile Exchange Inc., (NYMEX) last week voted to elect J. Robert (Bo) Collins Jr. as president. Collins, until now the senior vice president of natural gas trading at El Paso Merchant Energy, has been serving on the NYMEX board since March as a trade representative. Before joining El Paso in 1997, Collins was a natural gas and crude options market maker with Pioneer Futures on the floor of the Exchange.

Calpine Corp, announced that Michael Polsky is leaving Calpine and has resigned from its board of directors to begin a new energy venture, focused on developing evolving energy sector opportunities. Polsky joined Calpine in October 2000, when the company acquired Northbrook-Ill.-based SkyGen Energy LLC for $450 million, and an agreement to assume its outstanding debt (see Daily GPI, June 27, 2000). After the acquisition, Polsky, who was SkyGen’s founder, stayed on to run it as a wholly owned subsidiary of Calpine. “We wish Michael well in his new energy venture and are considering investing in this opportunity,” stated Calpine CEO Pete Cartwright. “Michael is a true entrepreneur and has made an outstanding contribution to Calpine in helping build our North American power fleet.” According to Polsky, the new venture, which has yet to be named, will pursue energy sector opportunities arising from changing supply, consumption and regulatory patterns in North America. Its objective is to match investment capital with its active development and asset management capabilities, Polsky said.

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