Dave Navarro and former wife Carmen Electra may have arrived and taken to the stage separately at Monday night's 2006 Billboard Awards ceremony at the MGM Grand in Las Vegas, but the rocker told PEOPLE he planned to "hook up with her backstage and give her a big bear hug."

"I can't wait to see her," Navarro, 39, said of his ex. "I wish we were presenting together. I think it would be cool."

Navarro called Electra, to whom he was married from 2003 until this August, "my best friend." He added: Just because your romantic life ends doesn't mean your friendship has to. It's all good. It's good for us. Maybe we can be an example of sorts. She's awesome."

While Electra, 34, told PEOPLE at last month's American Music Awards that she's ready to date again ("It's great because I've been able to reconnect with my friends that I lost touch with," she said), Navarro isn't.

"No," he says. "After going through a marriage, the last thing I want to do is date. I have a social life, but no girlfriend."