In a kettle bring water to a boil over high heat. Add trimmed green beans and peeled, quartered potatoes. Cover and cook for 15 minutes, then drain, reserving 1 1/2 cups of the liquid.
Add diced strips of bacon to the kettle and cook for 3 minutes or until browned. Add finely chopped red onion, chopped green bell pepper, and chopped red bell pepper; cook for 3 minutes. Add the green beans, potatoes, the reserved liquid, malt vinegar, salt, garlic powder, and white pepper. Cover and cook for 15 minutes. Uncover and cook 15 minutes longer or until the beans are tender and the liquid evaporates.
Servings: 6