Soak beans in water overnight. Next day, cook with 5 cups water for 60 mins, adding water if needed. Transfer to a bowl with 1 1/2 cups cooking liquid.
After 30 mins, stir to prevent sticking. Cook 5-10 mins till rice is fluffy. Off heat, keep lid on for 5-10 more mins. Fluff with fork, add bacon. Serve!