My water heater appears to be leaking where the electric connection is. We've turned the power off to the water heater just to be safe. What could cause this and what should be done? The water heater isn't even 1 year old yet and if it's crapped out this will be the second one in 2 years. Luckily we have a 6 year warranty on the thing. There's nothing leaking above the water heater... it appears to be coming from inside.