In this paper, power distribution planning (PDP) considering distributed generators (DGs) is investigated as a dynamic multi-objective optimization problem. Moreover, Monte Carlo simulation (MCS) is applied to handle the uncertainty in electricity price and load demand. In the proposed model, investment and operation costs, losses and purchased power from the main grid are incorporated in the first objective function, while pollution emission due to DGs and the grid is considered in the second objective function. One of the important advantages of the proposed objective function is a feeder and substation expansion in addition to an optimal placement of DGs. The resulted model is a mixed-integer non-linear one, which is solved using a non-dominated sorting improved harmony search algorithm (NSIHSA). As multi-objective optimization problems do not have a unique solution, to obtain the final optimum solution, fuzzy decision making analysis tagged with planner criteria is applied. To show the effectiveness of the proposed model and its solution, it is applied to a 9-node distribution system