Preheat oven to 375º. Trim fat from steak. Cut steak into 1-inch cubes. Heat a Dutch oven coated with cooking spray over medium-high heat. Add steak; brown 5 minutes. Add water and next 5 ingredients. Cover and bake at 375º for 1 hour. Stir; cover and bake 30 additional minutes or until rice is tender. Remove from oven; stir in peas.
Note: Make up to 1 week ahead, if desired. Ladle into airtight containers and freeze. Thaw overnight in refrigerator. Reheat over medium-low heat.