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Prepare the sauce
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In a 1 qt. saucepan stir 2 egg yolks slightly and add lemon juice stirring vigorously with a wooden spoon (NO HEAY YET).
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Add 1/4 cup unsalted butter. Heat over very low heat stirring constantly until butter is melted.
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Add 1/4 teaspoon salt, cayenne and 1 Tablespoon hot water. Add an additional 1/4 cup unsalted butter stirring vigorously until butter is melted and sauce starts to thicken.
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Add the final 1/4 cup unsalted butter and stir until melted and sauce is thick and creamy. (Be sure butter melts slowly-this gives eggs time to cook and thicken the sauce without curdling.) Serve hot or keep warm.
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PREPARING THE ENGLISH MUFFIN:
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Toast 4 English muffin halves. Butter. Place to halves on each plate.
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In a 8-inch nonstick skillet over low-to medium heat warm the bacon. Move to a plate. Cover to keep warm.
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Crack 4 eggs in the same skillet on low to medium heat being careful not to break the yolks. Add 2-3 ice cubes to the pan. Sprinkle with salt and pepper. Cover. Cook 3 mins. for soft eggs or 5 mins. for hard. Remove from heat.
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Place the bacon on top of each English muffin, top with an egg and spoon on the Hollandaise sauce. Sprinkle with a dash of paprika if desired. Serve immediately.