A system for providing an electrical current during surgery, the system comprising: an elongate electrosurgical device having a distal end and proximal end and a longitudinal device axis extending therebetween; a handle portion disposed at the proximal end and including an actuating ring with an actuating ring hole; a conductive cutting wire mounted to the device and extending along the longitudinal axis, the conductive cutting wire having an exposed cutting portion at the distal end; a device housing at least partially covering the conductive cutting wire mounted therein; an elongate cord having proximal and distal ends and a longitudinal cord axis therebetween with an active wire therein for transferring power from a power source; a cord housing at the distal end of the elongate cord, the cord housing covering at least a portion of the active wire; and a connection between the device housing and the cord housing, the connection including an electrical connection; characterized in that the connection between the device housing and the cord housing comprises a magnetic connection comprising both a mechanical and electrical connection; the device housing comprises the actuating ring; a recess of the magnetic connection extending generally transverse to the longitudinal axes of the device housing and the cord housing, the recess comprising a recessed magnetic surface; a magnetic post of the magnetic connection extending generally transverse to the longitudinal axes of the device housing and the cord housing and sized to correspond to the shape of the recess; wherein the magnetic surface is electrically connected to one of the conductive wire or the active wire; wherein the magnetic post is electrically connected to the other of the conductive wire or the active wire; wherein the magnetic post contacts the magnetic surface and is magnetically and electrically coupled thereto for transferring power from the active wire to the conductive wire; and wherein the magnetic post is received in the recess perpendicular to the longitudinal axes of the device housing and the cord housing. an elongate electrosurgical device having a distal end and proximal end and a longitudinal device axis extending therebetween; a handle portion disposed at the proximal end and including an actuating ring with an actuating ring hole; a conductive cutting wire mounted to the device and extending along the longitudinal axis, the conductive cutting wire having an exposed cutting portion at the distal end; a device housing at least partially covering the conductive cutting wire mounted therein; a distal end and proximal end and a longitudinal device axis extending therebetween; a handle portion disposed at the proximal end and including an actuating ring with an actuating ring hole; a conductive cutting wire mounted to the device and extending along the longitudinal axis, the conductive cutting wire having an exposed cutting portion at the distal end; a device housing at least partially covering the conductive cutting wire mounted therein; an elongate cord having proximal and distal ends and a longitudinal cord axis therebetween with an active wire therein for transferring power from a power source; a cord housing at the distal end of the elongate cord, the cord housing covering at least a portion of the active wire; and proximal and distal ends and a longitudinal cord axis therebetween with an active wire therein for transferring power from a power source; a cord housing at the distal end of the elongate cord, the cord housing covering at least a portion of the active wire; and a connection between the device housing and the cord housing, the connection including an electrical connection; characterized in that the connection between the device housing and the cord housing comprises a magnetic connection comprising both a mechanical and electrical connection; the device housing comprises the actuating ring; a recess of the magnetic connection extending generally transverse to the longitudinal axes of the device housing and the cord housing, the recess comprising a recessed magnetic surface; a magnetic post of the magnetic connection extending generally transverse to the longitudinal axes of the device housing and the cord housing and sized to correspond to the shape of the recess; wherein the magnetic surface is electrically connected to one of the conductive wire or the active wire; wherein the magnetic post is electrically connected to the other of the conductive wire or the active wire; wherein the magnetic post contacts the magnetic surface and is magnetically and electrically coupled thereto for transferring power from the active wire to the conductive wire; and wherein the magnetic post is received in the recess perpendicular to the longitudinal axes of the device housing and the cord housing.