SL2 woes.

Hi guys,

I have a 94 SL2. The problem is I think I am having electrical
problems. for some weird reason, the engine will skip a beat
intermentally. Like as if no electricity is going to the spark plugs
(for a split second here and there)? It seems to get worse when it
is wet outside? But then sometime it runs fine. Also I noticed that
there are a lot of wire insulation that seems to be disentegrating
from the automatic transmission electrical connector. I have noticed
that it seems to be wet down there? Is there anything that could
possibly destroy electrial wire insulation? I don't have the money
to can the car yet, i am a college student any advise?

Thanks.
-manuel