NextEra Energy Inc ( NEE ) shares are moving lower in extended trading Monday after the company announced plans to sell equity units.

What Happened: After the market close on Monday, NextEra Energy announced that it intends to sell $2 billion of equity units consisting of a contract to purchase NextEra Energy common stock and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings ( NEE ) debenture due June 1, 2029. Each unit will be issued for $50.

NextEra Energy anticipates net proceeds of approximately $1.94 billion. The company said it would add the funds into NextEra Energy Capital Holdings’ general funds. NextEra Energy Capital Holdings ( NEE ) expects to use some of the funds for investments in energy and power projects, as well as for other general corporate purposes.

NextEra Energy owns Florida Power & Light Company, which sells more power than any other utility company, providing clean electricity to more than 12 million people across Florida.

NEE Price Action: NextEra Energy shares were falling after hours, down 4.67% at $68.93 at the time of writing, according to Benzinga Pro.

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