Step 1

Bring the water to a boil; add the grits and salt.   Cook for 5-7 minutes or until tender.  Remove from heat, stir in butter, cream and cheddar cheese.

Step 2

In large skillet over medium heat cook bacon until crispy. Place on paper towels to drain; reserving bacon grease. Coarsely chop bacon once cooled. Add shrimp to bacon grease over medium heat.  Sprinkle with Cajun seasoning and cayenne pepper.   Flip shrimp after one minute; and cook for additional one minute.  Remove to plate.

Step 3

Add vegetable oil to skillet over medium heat.  Add red pepper and cook until slightly tender; 2-3 minutes. Reduce heat to medium low.  Add green onions and garlic and cook for 1 minute.  Add chicken broth to skillet and stir.  Return shrimp and bacon to the skillet and heat for 1 minute.

Step 4

Spoon shrimp mixture over cheesy grits.  Serve immediately.