Place bacon in a 2 quart casserole baking dish. Microwave on high until crispy. Remove bacon. Cut in 1" pieces. Set aside. Add onions and peppers to bacon drippings. Microwave until tender. Drain off grease. Add bacon and remaining ingredients. Cover with a tight fitting lid or plastic wrap. Microwave on high 5-6 minutes or until bubbly. Stir, then microwave on medium for an additional 10-15 minutes.
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