Molasses Baked Beans

1 c. chopped onion
1 med. jalapeno pepper, seeded and chopped
2 tsp. olive oil
1/2 c. water
1/2 c. ketchup
3 tbs. brown sugar
3 tbs. molasses
2 tbs. prepared mustard
1 tbs. chili powder
1/2 tsp. liquid smoke
2 cans - 15 1/2 oz. each - great northern beans, rinsed and drained
1 can -15 oz - pinto beans, rinsed and drained
In a non - stick skillet, saute onion and peppers til onion begins to brown, about 5 min.Remove from heat. In a large bowl, combine the water, ketchup, brown sugar , molasses, mustard chili powder and liquid smoke if desired. Stir in the beans and onion mixture.
Transfer to a 1 1/2 quart baking dish coated with pam.
Bake uncovered, 350 for 1 hour or til beans are bubbly and as thick as desired.