This paper proposes a new method for probabilistic reliability evaluation with Multi-objective meta-heuristics (MOMH) in consideration of solution diversity. Recently, the power networks increase the degree of the uncertainties due to the new environment of power network liberations and the emergence of the renewable energy, etc. The importance of the probabilistic reliability assessment of electric power systems has been recognized. Probabilistic reliability evaluation has been broadly used for power system operation and planning due to the capability of considering the various system uncertainties. MOMH is useful for evaluating a set of the Pareto solutions systematically. The effectiveness of the proposed method is successfully demonstrated to the IEEE Reliability Test System (IEEE-RTS).