I have a Hotpoint model HE40M1A electric water heater, 40 gallons, s/n HP1002B15060 Recently, the temperature of the hot water went down to the point where we could not take a shower any more. Turned off the circuit breaker to the water heater to take a look. Noticed that there was water dripping from 2 points - one on the copper input pipe and one on the copper output pipe. Also, there was water pooling around the junction where the hot water exits the water heater and connects to the copper output pipe. This junction also had a significant amount of rust. See photos here: https://picasaweb.go...55/WaterHeater# (main one is also attached to this post). Next, I removed the 2 covers (approx 6"x3") on the side of the water heater and found that the insulation on the top one was quite wet and there were rust stains all around both the top and the bottom covers. Any ideas what the issue(s) are and what is the best way to repair? Thanks.