Generation and transmission expansion increase the flexibility of power systems and hence their ability to deal with contingency. This paper presents a resilient‐constrained generation and transmission expansion planning (RCGTEP) model considering the occurrence of earthquakes and floods. The proposed model minimizes the investment and operation costs of resiliency sources (RSs) and resiliency (blackout) costs arising from the outage of the network against the occurrence of extreme conditions. For further consideration, uncertainties of load and RSs availability are included as a Stochastic programming model. A hybrid solver of teaching‐learning‐based optimization (TLBO) and krill herd optimization (KHO) is used to solve the proposed problem and achieve the optimal solution, including a low standard deviation in the final optimal response. The model is tested using a modified version of the IEEE 6‐Bus and IEEE 89‐Bus transmission networks. Numerical results show the potential of the mentioned approach to improve indices of operation, economics, and resiliency in the transmission network.
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