1In 4-quart nonstick saucepan or Dutch oven, cook bacon until crisp; drain on paper towels. Crumble bacon; set aside. Reserve 2 tablespoons drippings in pan; discard excess drippings.
2Cook potatoes in reserved bacon drippings over medium-high heat 5 minutes or until lightly browned. Add broth and peas. Heat to boiling; reduce heat to medium-low. Simmer uncovered 15 minutes. Remove from heat; cool slightly.
3In blender, place 4 1/2 cups of the soup. Cover; blend on high speed until smooth. Return pureed soup to remaining soup in pan. Stir in half-and-half and pepper. Heat 4 minutes or until hot. Top individual servings with crumbled bacon.