Meanwhile, cook bacon in medium skillet until crisp. Remove bacon from skillet with slotted spoon, reserving 1 Tbsp. drippings in skillet. Drain bacon on paper towels. Add rice and peppers to reserved drippings in skillet; cook and stir on medium heat 3 min. Add water; bring to boil. Cover; simmer 20 min., stirring in peas to the rice mixture for the last 5 min. Stir in bacon and onions. Serve chicken over rice mixture.