Your drill is most likely double insulated and does not need the third wire.
You don't need it. Cut it off or cap it. I would use a two wire cord instead.:thumbsup:what should be done with the green/ground wire on the new cord?? thanx.
Oops...:whistling2:Cord and plug must be an assembly listed for the tool. You are not supposed to make cords like we all know we do......LOL.