We report relations between invariant manifolds of saddle orbits (Lyapunov family) around a saddle-center equilibrium point and lowest periodic orbits on the two degree of freedom swing equation system. The system consists of two generators operating onto an infinite bus. In this system, a stable equilibrium point represents the normal operation state, and to understand its basin structure is important in connection with practical situations. The Lyapunov families appear under conservative conditions and their invariant manifolds constitute separatrices between trapped and divergent motions. These separatrices continuously deform and become basin boundaries, if changing the system to dissipative one, so that to investigate those manifolds is meaningful. While, in the field of two degree of freedom motions, systems with saddle loops to a saddle-center are well studied, and existence of transverse homoclinic structure of separatrix manifolds is reported. However our investigating system has no such loops. It is interesting what separatrix structure exists without trivial saddle loops. In this report, we focus on above invariant manifolds and lowest periodic orbits which are foliated for the Hamiltonian level.