3 Cheese Soup with Red Pepper & Bacon

Source: auntbeesrecipes.com / http://www.auntbeesrecipes.com
Ingredients
1 onion, chopped
1/4 cup olive oil
1/4 cup unsalted butter
1/4 cup flour
4 cups (1 quart) heavy cream
1 cup chicken broth
1 cup grated yellow, sharp cheddar cheese
1 cup grated white, sharp cheddar cheese
1 cup grated colby cheese
1 red bell pepper, chopped (divided)
12 slices bacon, cooked and crumbled (divided)
salt & pepper to taste
cayenne pepper to taste
chives for garnish
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