Our version of beans and rice is anything but bland...picante sauce and chili powder make this home-style dish a real treat!
Heat the oil in a 10-inch skillet over medium-high heat. Add the rice. Cook and stir until lightly browned.
Stir the broth, water, picante sauce and chili powder in the skillet and heat to a boil. Reduce the heat to low. Cover and cook for 15 minutes.
Stir in the beans and sprinkle with the cheese. Cover and cook for 5 minutes or until the cheese is melted.