Abstract: A clip for retaining a power or extension cords for transport and to prevent damage to the cord. The clip has two sleeves (32, 34) that are created when an upper (12) and lower (14) member are coupled together by a spring clip (18). One sleeve (34) is closed and the other sleeve (32) has an opening for insertion of a power cord. A lever (16) is formed in the upper member (12) to allow for opening of the open end of the clip for the insertion of a cord. Within the closed sleeve (34) is a retaining mechanism that aids in the retention and positioning of a power cord. Integrally molded with the open sleeve (32) may be ribs (42, 44) 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.