Season the chicken with salt and pepper. Heat 2 tbsp of olive oil in the pressure cooker, using BROWN setting. Brown the chicken in batches. Set aside.
Add the bacon and cook for 1 minute. Add the browned chicken to the Pressure Cooker. Heat the remaining | tbsp. of olive oil in the pressure cooker. Add onion, garlic and green pepper. Heat until the onion is soft. Add tomato sauce and rice and cook for 1 minute. Add peas, stock, salt, chicken and bacon with all juices. Mix well.
Cover and lock lid. Turn regulator knob to pressure and select HIGH cooking mode to cook 10 minutes.
Release pressure by using the quick release method. When pressure has dropped, unlock and remove lid. Serve and enjoy!