As a significant clean energy source, natural gas plays an important role in modern energy context. The growing utilization of natural gas brings uncertainties into the power system, which requires an integrated way to plan natural gas and power systems. In this paper, the co-planning process is formulated as a mixed integer nonlinear programming problem to address emerging challenges, such as system reliability evaluation, market time line mismatch, market uncertainties, demand response

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... etc. An innovative expansion co-planning (ECP) framework is established in this paper to find the best augmentation plan which comes with the minimum cost. Specifically, to cope with uncertainties in market share, decision analysis is introduced. Meanwhile, the energy conversion efficiency between gas and electricity in the coupled load center is considered in the ECP constraints. Comprehensive case studies are applied to validate the performance of proposed approach.