SEP has an article on The Notation in Principia Mathematica by Linsky. $*60\cdot 12$ is the notation for power sets $\vdash.Cl'\alpha=\hat{\beta}(\beta\subset\alpha)$ and it captures the "classes of subclasses of $\alpha$". It's not clearly a specialized notation for power set, rather it's a subclass notation $'\alpha$ in conjuction with a "class of" notation $Cl$ (compare $*60\cdot 13$ for another use of these operators for a different sub class construction).
The coinage of a "Potenzmenge" ("power set") very likely is original to Zermelo (1908) who incidentally uses the notation $\mathfrak{U}T$ where $\frak{U}$ stands for the German "Untermenge" i.e. subset.
P.S. Added detail from comment exchange below:
Adoption of Zermelo's coinage of Potenzmenge was quite rapid. Hessenberg wrote an extensive Volume on set theory using pre-Zermelo notions (Teilmengen instead of Untermengen, and no mention of Potenzmengen):
However a year after Zermelo's 1908 paper he had already adopted both the $\mathfrak{U}T$ notation and the term "Potenzmenge" (power set):