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Turn pressure cooker to the "sauté" setting. Melt butter and sauté onion, celery, and carrots, seasoned with salt and pepper, for about 5 minutes, until softened.
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Add the split peas, stock/water, ham, and bay leaves.
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Cover pressure cooker and set to manual high pressure for 15 minutes.
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Allow the pressure to naturally release for 10-15 minutes.
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If you used a ham bone: remove the it from the soup and remove the ham meat that's still attached to it. Add the ham meat back into the soup.
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Taste and adjust seasonings if necessary. Serve immediately, or store in your refrigerator for up to 1 week or freezer in an airtight container for up to 6 months.