Cook bacon in electric skillet at 300 degrees until crisp; remove bacon and crumble. Drain excess fat, reserving 1 tablespoon. Add onion and green pepper to drippings in pan; cook at 225 degrees until tender, about 8 minutes. Stir in beans; cook, covered, 3 minutes, stirring occasionally. Stir in tomatoes, molasses, Worcestershire sauce, mustard and red pepper sauce; cook at 400 degrees until boiling. Reduce heat to simmer, between Warm and 200 degrees; cook, covered, until lima beans are tender, 25 to 30 minutes. Season to taste with salt and pepper.
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