Heat oven to 400°F. In small bowl, combine garlic powder, salt, basil and oregano; mix well.
Separate dough into 10 biscuits. Place 1 biscuit in center of ungreased cookie sheet. Arrange remaining biscuits in circle, edges slightly overlapping, around center biscuit. Gently press out to form 10-inch round.
Brush biscuits with oil. Top with bell peppers and cheeses. Sprinkle garlic powder mixture over top.
Bake at 400°F. for 12 to 15 minutes or until golden brown. To serve, pull apart warm biscuits.