I haven't seen it, but there is water on the floor and also on top of a hose that is rolled up next to the water heater.
It is a A.O.Smith electric ECS 40 200. Both upper and lower thermostats are set to 120°, but water temp from the tap is 149° and jumps back and forth to 151° and 149°. The unit is 12 yrs old.
Should I start with replacing the thermostats?