1Cook tortellini as directed on package; drain, reserving 1/4 cup cooking water.
2Meanwhile, in 12-inch skillet, heat oil over medium heat. Cook bacon in oil, stirring occasionally, until crisp. Remove bacon to paper towels; discard drippings.
3Add peas to skillet; cook and stir 1 minute. Add tortellini and reserved cooking water. Cook 2 to 3 minutes, stirring frequently, until peas are thoroughly heated. Remove from heat; stir in whipping cream and bacon. Season with salt and pepper.