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Heat oil in large skillet on medium-high heat. Add chicken, onion and bell pepper and jalapeño peppers; cook and stir 5 minutes or until lightly browned
Heat small nonstick skillet on medium heat 2 minutes. Add chili powder, cumin and garlic powder; toast 30 seconds or until aromatic, stirring constantly. Add to chicken mixture
Stir in remaining ingredients. Bring to boil. Reduce heat to low; simmer 20 minutes