Bring water to a boil in 12-inch skillet.
Stir in remaining ingredients.
Reduce heat to low and simmer, stirring occasionally, 12 minutes or until rice is tender.
MICROWAVE DIRECTIONS: Decrease water to 2 1/4 cups. Combine all ingredients in 2-quart microwave-safe casserole. Microwave uncovered at HIGH 16 minutes or until rice is tender; stir.
*SUBSTITUTION: Use 1 can (8-1/4 oz.) green peas, drained
Cost per recipe*: $3.42
Cost per serving*: $0.86
*Based upon average retail prices at national supermarkets.