Most real power systems are not radial networks and evaluation of the stability often needs to establish electromagnetic transient simulation models. So the network equivalent is required first and foremost. The adjacent two-node equivalent method, which considers the coupling impedance between equivalent nodes, is used to realize the simplification and modeling to complex power grid. The analysis and simulation on both the HVDC system from Deyang to Baoji and a real extra-high voltage AC transmission system in South China shows that the static performance of the simulated system by using the adjacent two-node equivalent method is completely equivalent to the original one, as well as the performance of dynamic equivalent is in a satisfied level. Thus the transient system model simplified can be well established to support research of power grid’s security and stability.