COOK bacon in medium saucepan until crisp. Remove bacon from pan, reserving drippings in saucepan. Drain bacon on paper towels.
ADD green peppers, onions and garlic to reserved drippings; cook and stir on medium heat 5 min. Add tomato sauce, rice and black pepper; mix well. Stir in water. Bring to boil. Stir in peas; cover. Simmer on medium-low heat 20 min. Stir.
CRUMBLE bacon; sprinkle over rice mixture.