It was just coined by anti-Israel writer James Petras:
One of the least analyzed aspects of the Egyptian pro-democracy movement and US policy toward it, is the role of the influential Zionist power configuration (ZPC) including the leading umbrella organization – the Conference of Presidents of Major American Jewish Organizations (CPMAJO) – Congressional Middle East committee members, officials occupying strategic positions in the Obama Administration’s Middle East bureaus, as well as prominent editors, publicists and journalists who play a major role in the prestigious newspapers and popular weekly magazines.
ZPC seems to be a slightly more PC version of ZOG (Zionist Occupied Government) but it nicely includes the media and Zionist organizations, to make the cabal as large as possible. It's flexible enough to include Hollywood and the banks as well, just so there is no doubt that it completely overlaps with the standard Jewish centers of power.
No doubt Petras hopes that one day his acronym will be in daily use, so he would have a claim to fame beyond his already dismal 9/11 Troofer credentials.
UPDATE: Hilariously, Petras has used ZPC for years. it just hasn't caught on, but he keeps plugging away. (h/t DavidS and Yitzchak Goodman)