Abstract: A clip for retaining power or extension cords for transport and to prevent damage to the cord. The cord has two sleeves that are created when an upper and a lower member are fastened together or formed in a body member. One sleeve is closed and the other has an opening for the insertion of a power cord. A lever is attached at the top of the clip to aid in the opening of the open end of the clip for the insertion of a cord. Within the closed sleeve is a retaining mechanism that aids in the retention and positioning of a power cord. Integrally molded within the open sleeve may be ribs that increase the frictional engagement between the clip and the cord. The clip can be constructed in one or two pieces and can be used with a variety of different tools and applications.