In preheated electric skillet (275 degrees, cook bacon until crisp. Remove bacon; crumble and set aside. Drain, reserving 2 tablespoons off drippings. Add potatoes, green pepper, onion, salt and pepper to drippings; cook and stir for 2 minutes. Cover and cook, stirring occasionally, In the electric skillet, melt butter at 350 degrees. Add potatoes, onion and green pepper. Season to taste, stir to combine. Cover and cook over low heat (250 degrees) for 15 minutes stirring occasionally.