Preheat oven to 350°.
Cream margarine and sugar together. Add eggs one at a time, mixing well; add chili peppers, corn and cheese.
Sift together flour, corn meal, salt and baking powder. Add to sugar mixture, blend together well and pour into greased and floured (8x12x2) dish. Put in oven and reduce temperature to 300°. Bake 1 hour.
Can be made a day ahead and warmed before serving. Freezes well.
Adapted from Cooking with Grace by Grace and Holy Trinity Church, Richmond, VA and featured in Cornbread Three Ways.