I found the reason for error message. It was caused by my system BIOS setting.
Motherboard: ASUS Z170M-Plus
Driver: Z170M-PLUS BIOS 3301 updated 2017/03/02 (latest driver when posting 
this comment)

In BIOS main, I went to Advanced --> Platform Msc Configuration.
In this page, I had to set:
- PCI Express Native Power Management     Enabled
- Native ASPM                             Enabled
Enabling the latter parameter allowed OS to managed ASPM while disabling it 
meant that BIOS managed ASPM of PCIe. In my case, Native ASPM was Disabled and 
this caused the error. 
[    0.201657], acpi PNP0A08:00: _OSC: OS now controls [PCIeHotplug PME AER 
PCIeCapability] now replaced [ 0.186376] acpi PNP0A08:00: _OSC failed 
(AE_ERROR); disabling ASPM

$ dmesg | grep acpi
[    0.000000] ACPI: LAPIC_NMI (acpi_id[0x01] high edge lint[0x1])
[    0.000000] ACPI: LAPIC_NMI (acpi_id[0x02] high edge lint[0x1])
[    0.000000] ACPI: LAPIC_NMI (acpi_id[0x03] high edge lint[0x1])
[    0.000000] ACPI: LAPIC_NMI (acpi_id[0x04] high edge lint[0x1])
[    0.000000] ACPI: LAPIC_NMI (acpi_id[0x05] high edge lint[0x1])
[    0.000000] ACPI: LAPIC_NMI (acpi_id[0x06] high edge lint[0x1])
[    0.000000] ACPI: LAPIC_NMI (acpi_id[0x07] high edge lint[0x1])
[    0.000000] ACPI: LAPIC_NMI (acpi_id[0x08] high edge lint[0x1])
[    0.157543] acpiphp: ACPI Hot Plug PCI Controller Driver version: 0.5
[    0.200629] acpi PNP0A08:00: _OSC: OS supports [ExtendedConfig ASPM ClockPM 
Segments MSI]
[    0.201657] acpi PNP0A08:00: _OSC: OS now controls [PCIeHotplug PME AER 
PCIeCapability]
[    0.209567] acpiphp: Slot [1] registered
[    0.209618] acpiphp: Slot [1-1] registered
[    0.234384] clocksource: acpi_pm: mask: 0xffffff max_cycles: 0xffffff, 
max_idle_ns: 2085701024 ns
sunbear1604@Eliot:~$ dmesg | grep ASPM
[    0.200629] acpi PNP0A08:00: _OSC: OS supports [ExtendedConfig ASPM ClockPM 
Segments MSI]

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https://bugs.launchpad.net/bugs/1349740

Title:
  acpi PNP0A08:00: _OSC failed (AE_ERROR); disabling ASPM

Status in Linux:
  Unknown
Status in linux package in Ubuntu:
  Confirmed

Bug description:
  [    0.183201] acpi PNP0A08:00: _OSC failed (AE_ERROR); disabling ASPM

  ProblemType: Bug
  DistroRelease: Ubuntu 14.10
  Package: linux-image-3.16.0-6-generic 3.16.0-6.11
  ProcVersionSignature: Ubuntu 3.16.0-6.11-generic 3.16.0-rc7
  Uname: Linux 3.16.0-6-generic x86_64
  ApportVersion: 2.14.4-0ubuntu2
  Architecture: amd64
  AudioDevicesInUse:
   USER        PID ACCESS COMMAND
   /dev/snd/controlC0:  caravena   2878 F.... pulseaudio
  CurrentDesktop: GNOME
  Date: Tue Jul 29 04:47:24 2014
  HibernationDevice: RESUME=UUID=360bd2d2-4f44-4311-86d6-4781ac81ee87
  InstallationDate: Installed on 2014-04-27 (92 days ago)
  InstallationMedia: Ubuntu-GNOME 14.04 LTS "Trusty Tahr" - Release amd64 
(20140416.2)
  MachineType: SAMSUNG ELECTRONICS CO., LTD. 530U3C/530U4C
  ProcFB: 0 inteldrmfb
  ProcKernelCmdLine: BOOT_IMAGE=/boot/vmlinuz-3.16.0-6-generic 
root=UUID=13144268-2374-4154-83f1-c35d81306190 ro quiet splash vt.handoff=7
  RelatedPackageVersions:
   linux-restricted-modules-3.16.0-6-generic N/A
   linux-backports-modules-3.16.0-6-generic  N/A
   linux-firmware                            1.132
  SourcePackage: linux
  UpgradeStatus: No upgrade log present (probably fresh install)
  dmi.bios.date: 04/15/2013
  dmi.bios.vendor: Phoenix Technologies Ltd.
  dmi.bios.version: P14AAJ
  dmi.board.asset.tag: Base Board Asset Tag
  dmi.board.name: SAMSUNG_NP1234567890
  dmi.board.vendor: SAMSUNG ELECTRONICS CO., LTD.
  dmi.board.version: FAB1
  dmi.chassis.asset.tag: No Asset Tag
  dmi.chassis.type: 9
  dmi.chassis.vendor: SAMSUNG ELECTRONICS CO., LTD.
  dmi.chassis.version: 0.1
  dmi.modalias: 
dmi:bvnPhoenixTechnologiesLtd.:bvrP14AAJ:bd04/15/2013:svnSAMSUNGELECTRONICSCO.,LTD.:pn530U3C/530U4C:pvr0.1:rvnSAMSUNGELECTRONICSCO.,LTD.:rnSAMSUNG_NP1234567890:rvrFAB1:cvnSAMSUNGELECTRONICSCO.,LTD.:ct9:cvr0.1:
  dmi.product.name: 530U3C/530U4C
  dmi.product.version: 0.1
  dmi.sys.vendor: SAMSUNG ELECTRONICS CO., LTD.

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